As of close of business last night, FTC Solar Inc’s stock clocked out at $0.48, down -4.98% from its previous closing price of $0.51. In other words, the price has decreased by -$0.0254 from its previous closing price. On the day, 636130 shares were traded.
Ratios:
To gain a deeper understanding of FTCI’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.80 and its Current Ratio is at 1.98. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
On November 09, 2023, Northland Capital Downgraded its rating to Market Perform which previously was Outperform but kept the price unchanged to $0.65.
UBS Downgraded its Buy to Neutral on August 15, 2023, whereas the target price for the stock was revised from $4 to $2.50.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 26 ’24 when Chatila Ahmad R bought 97,400 shares for $0.51 per share. The transaction valued at 49,674 led to the insider holds 967,458 shares of the business.
Chatila Ahmad R bought 92,600 shares of FTCI for $50,930 on Mar 22 ’24. The Director now owns 870,058 shares after completing the transaction at $0.55 per share. On Mar 21 ’24, another insider, Cook Patrick, who serves as the Chief Commercial Officer of the company, sold 23,000 shares for $0.58 each. As a result, the insider received 13,340 and left with 1,222,205 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FTCI now has a Market Capitalization of 59.92M and an Enterprise Value of 36.55M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.48 while its Price-to-Book (P/B) ratio in mrq is 0.97. Its current Enterprise Value per Revenue stands at 0.29 whereas that against EBITDA is -0.75.
Stock Price History:
Over the past 52 weeks, FTCI has reached a high of $3.87, while it has fallen to a 52-week low of $0.28. The 50-Day Moving Average of the stock is 0.5221, while the 200-Day Moving Average is calculated to be 1.2943.
Shares Statistics:
It appears that FTCI traded 749.35K shares on average per day over the past three months and 631.92k shares per day over the past ten days. A total of 125.45M shares are outstanding, with a floating share count of 55.46M. Insiders hold about 55.63% of the company’s shares, while institutions hold 26.87% stake in the company. Shares short for FTCI as of Mar 15, 2024 were 8.51M with a Short Ratio of 11.53, compared to 8.21M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.78% and a Short% of Float of 10.85%.
Earnings Estimates
As of right now, 5 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of -$0.08 for the current quarter, with a high estimate of -$0.07 and a low estimate of -$0.09, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.05, with high estimates of -$0.04 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.11 and -$0.28 for the fiscal current year, implying an average EPS of -$0.16. EPS for the following year is $0.02, with 5 analysts recommending between $0.1 and -$0.16.
Revenue Estimates
In the current quarter, 5 analysts expect revenue to total $13.01M. It ranges from a high estimate of $14.64M to a low estimate of $11.02M. As of the current estimate, FTC Solar Inc’s year-ago sales were $40.89M, an estimated decrease of -68.20% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $23.8M, a decrease of -26.50% over than the figure of -$68.20% in the same quarter last year. There is a high estimate of $33.8M for the next quarter, whereas the lowest estimate is $12.73M.
A total of 5 analysts have provided revenue estimates for FTCI’s current fiscal year. The highest revenue estimate was $177.5M, while the lowest revenue estimate was $139.74M, resulting in an average revenue estimate of $158.93M. In the same quarter a year ago, actual revenue was $127M, up 25.10% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $296.21M in the next fiscal year. The high estimate is $352.5M and the low estimate is $230.8M. The average revenue growth estimate for next year is up 86.40% from the average revenue estimate for this year.
