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The price of First Solar Inc (NASDAQ: FSLR) closed at $194.02 in the last session, down -10.13% from day before closing price of $215.89. In other words, the price has decreased by -$10.13 from its previous closing price. On the day, 13.68 million shares were traded. FSLR stock price reached its highest trading level at $197.99 during the session, while it also had its lowest trading level at $173.37.
Ratios:
We take a closer look at FSLR’s different ratios to gain a better understanding of the stock. 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:
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 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 23122139136 and an Enterprise Value of 20195663872. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 16.71, and their Forward P/E ratio for the next fiscal year is 9.42. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.54. 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 2.74. Its current Enterprise Value per Revenue stands at 5.245 whereas that against EBITDA is 11.762.
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 $129.21. The 50-Day Moving Average of the stock is -11.89%, while the 200-Day Moving Average is calculated to be -4.92%.
Shares Statistics:
According to the various share statistics, FSLR traded on average about 2.22M shares per day over the past 3-months and 3660920 shares per day over the past 10 days. A total of 106.85M shares are outstanding, with a floating share count of 101.34M. Insiders hold about 5.34% of the company’s shares, while institutions hold 87.74% stake in the company. Shares short for FSLR as of 1728950400 were 4996885 with a Short Ratio of 2.25, compared to 1726185600 on 4766101. Therefore, it implies a Short% of Shares Outstanding of 4996885 and a Short% of Float of 6.12.
