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The price of FTC Solar Inc (NASDAQ: FTCI) closed at $0.24 in the last session, down -1.12% from day before closing price of $0.24. In other words, the price has decreased by -$1.12 from its previous closing price. On the day, 1.62 million shares were traded. FTCI stock price reached its highest trading level at $0.2619 during the session, while it also had its lowest trading level at $0.2321.
Ratios:
We take a closer look at FTCI’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 1.14 and its Current Ratio is at 1.64. In the meantime, Its Debt-to-Equity ratio is 0.04 whereas as Long-Term Debt/Eq ratio is at 0.03.
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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Aug 14 ’24 when Quiroga Cortes Isidoro Alfonso bought 321,337 shares for $0.25 per share. The transaction valued at 80,334 led to the insider holds 1,941,740 shares of the business.
Quiroga Cortes Isidoro Alfonso bought 3,952 shares of FTCI for $1,028 on Aug 15 ’24. The Former Director now owns 1,945,692 shares after completing the transaction at $0.26 per share. On Aug 12 ’24, another insider, Quiroga Cortes Isidoro Alfonso, who serves as the Former Director of the company, bought 500,000 shares for $0.22 each. As a result, the insider paid 110,000 and bolstered with 1,580,403 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 30236926 and an Enterprise Value of 21421828. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.38 while its Price-to-Book (P/B) ratio in mrq is 0.68. Its current Enterprise Value per Revenue stands at 0.275 whereas that against EBITDA is -0.454.
Stock Price History:
Over the past 52 weeks, FTCI has reached a high of $2.11, while it has fallen to a 52-week low of $0.18. The 50-Day Moving Average of the stock is -38.72%, while the 200-Day Moving Average is calculated to be -55.35%.
Shares Statistics:
According to the various share statistics, FTCI traded on average about 778.01K shares per day over the past 3-months and 1608560 shares per day over the past 10 days. A total of 125.45M shares are outstanding, with a floating share count of 71.08M. Insiders hold about 42.73% of the company’s shares, while institutions hold 16.19% stake in the company. Shares short for FTCI as of 1722384000 were 5515568 with a Short Ratio of 7.09, compared to 1719532800 on 8175178. Therefore, it implies a Short% of Shares Outstanding of 5515568 and a Short% of Float of 6.5600000000000005.
