In the latest session, First Solar Inc (NASDAQ: FSLR) closed at $167.45 up 9.33% from its previous closing price of $153.16. On the day, 3373169 shares were traded.
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Ratios:
For a deeper understanding of First Solar Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.92 and its Current Ratio is at 3.55. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.08.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, RBC Capital Mkts on February 14, 2024, initiated with a Outperform rating and assigned the stock a target price of $195.
On January 08, 2024, Wells Fargo Downgraded its rating to Equal Weight which previously was Overweight and also lowered its target price recommendation from $215 to $187.
On December 15, 2023, Jefferies started tracking the stock assigning a Buy rating and target price of $211.Jefferies initiated its Buy rating on December 15, 2023, with a $211 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Mar 19 ’24 when ANTOUN GEORGES sold 356 shares for $146.09 per share. The transaction valued at 52,008 led to the insider holds 42,212 shares of the business.
Gloeckler Markus sold 470 shares of FSLR for $70,500 on Mar 18 ’24. The Chief Technology Officer now owns 14,473 shares after completing the transaction at $150.00 per share. On Mar 18 ’24, another insider, Verma Kuntal Kumar, who serves as the Chief Manufacturing Officer of the company, sold 250 shares for $148.34 each. As a result, the insider received 37,085 and left with 5,170 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, FSLR now has a Market Capitalization of 17.89B and an Enterprise Value of 16.41B. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.66, and their Forward P/E ratio for the next fiscal year is 8.06. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.39 while its Price-to-Book (P/B) ratio in mrq is 2.68. Its current Enterprise Value per Revenue stands at 4.95 whereas that against EBITDA is 13.54.
Stock Price History:
Over the past 52 weeks, FSLR has reached a high of $232.00, while it has fallen to a 52-week low of $129.21. The 50-Day Moving Average of the stock is 151.42, while the 200-Day Moving Average is calculated to be 166.14.
Shares Statistics:
For the past three months, FSLR has traded an average of 2.01M shares per day and 1.83M over the past ten days. A total of 106.85M shares are outstanding, with a floating share count of 100.09M. Insiders hold about 6.32% of the company’s shares, while institutions hold 89.43% stake in the company. Shares short for FSLR as of Feb 29, 2024 were 5.86M with a Short Ratio of 2.38, compared to 3.96M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.48% and a Short% of Float of 7.20%.
Earnings Estimates
There are 23 different market analysts currently analyzing its stock. On average, analysts expect EPS of $2.15 for the current quarter, with a high estimate of $3.29 and a low estimate of $1.19, while EPS last year was $0.4. The consensus estimate for the next quarter is $3.21, with high estimates of $3.64 and low estimates of $2.89.
Analysts are recommending an EPS of between $13.98 and $13.13 for the fiscal current year, implying an average EPS of $13.54. EPS for the following year is $21.3, with 28 analysts recommending between $23.9 and $14.96.
Revenue Estimates
A total of 22 analysts believe the company’s revenue will be $805.5M this quarter.It ranges from a high estimate of $1.11B to a low estimate of $647.94M. As of the current estimate, First Solar Inc’s year-ago sales were $548.29M, an estimated increase of 46.90% from the year-ago figure. For the next quarter, 21 analysts are estimating revenue of $1.12B, an increase of 38.10% less than the figure of $46.90% in the same quarter last year. There is a high estimate of $1.27B for the next quarter, whereas the lowest estimate is $1.05B.
A total of 27 analysts have provided revenue estimates for FSLR’s current fiscal year. The highest revenue estimate was $4.59B, while the lowest revenue estimate was $4.44B, resulting in an average revenue estimate of $4.51B. In the same quarter a year ago, actual revenue was $3.32B, up 36.00% from the average estimate. Based on 27 analysts’ estimates, the company’s revenue will be $5.63B in the next fiscal year. The high estimate is $5.9B and the low estimate is $5.26B. The average revenue growth estimate for next year is up 24.60% from the average revenue estimate for this year.
