In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
First Solar Inc (NASDAQ: FSLR) closed the day trading at $188.27 down -1.19% from the previous closing price of $190.53. In other words, the price has decreased by -$1.19 from its previous closing price. On the day, 2.27 million shares were traded. FSLR stock price reached its highest trading level at $195.7 during the session, while it also had its lowest trading level at $187.75.
Ratios:
For a better understanding of FSLR, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 1.44 and its Current Ratio is at 2.14. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.06.
On October 29, 2024, Janney Upgraded its rating to Buy which previously was Neutral but kept the price unchanged to $260.
Citigroup Upgraded its Neutral to Buy on October 22, 2024, whereas the target price for the stock was revised from $200 to $254.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Oct 31 ’24 when Gloeckler Markus sold 3,601 shares for $198.52 per share. The transaction valued at 714,871 led to the insider holds 8,935 shares of the business.
Gloeckler Markus bought 3,601 shares of FSLR for $714,871 on Oct 31 ’24. On Aug 13 ’24, another insider, Buehler Patrick James, who serves as the Chief Product Officer of the company, sold 8,619 shares for $222.00 each. As a result, the insider received 1,913,418 and left with 3,468 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 20155809792 and an Enterprise Value of 19580082176. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.22, and their Forward P/E ratio for the next fiscal year is 9.15. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.52. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.23 while its Price-to-Book (P/B) ratio in mrq is 2.65. Its current Enterprise Value per Revenue stands at 5.085 whereas that against EBITDA is 11.404.
Stock Price History:
Over the past 52 weeks, FSLR has reached a high of $306.77, while it has fallen to a 52-week low of $135.88. The 50-Day Moving Average of the stock is -5.23%, while the 200-Day Moving Average is calculated to be -10.48%.
Shares Statistics:
Over the past 3-months, FSLR traded about 2.80M shares per day on average, while over the past 10 days, FSLR traded about 1958270 shares per day. A total of 107.06M shares are outstanding, with a floating share count of 99.72M. Insiders hold about 6.85% of the company’s shares, while institutions hold 87.94% stake in the company. Shares short for FSLR as of 1732838400 were 6347743 with a Short Ratio of 2.27, compared to 1730332800 on 6014060. Therefore, it implies a Short% of Shares Outstanding of 6347743 and a Short% of Float of 7.7700000000000005.
