Investors on the quest for market-beating returns often employ the strategy of stock picking. Making informed choices in stocks can greatly amplify your wealth.
The price of First Solar Inc (NASDAQ: FSLR) closed at $193.61 in the last session, up 1.52% from day before closing price of $190.72. In other words, the price has increased by $1.52 from its previous closing price. On the day, 1.23 million shares were traded. FSLR stock price reached its highest trading level at $193.85 during the session, while it also had its lowest trading level at $188.7323.
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 1.86 and its Current Ratio is at 2.41. In the meantime, Its Debt-to-Equity ratio is 0.10 whereas as Long-Term Debt/Eq ratio is at 0.07.
On April 19, 2024, Wells Fargo Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $187 to $250.
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 May 06 ’24 when KENNEDY R CRAIG sold 2,000 shares for $196.73 per share. The transaction valued at 393,456 led to the insider holds 13,908 shares of the business.
ANTOUN GEORGES sold 2,400 shares of FSLR for $422,400 on Apr 04 ’24. The Chief Commercial Officer now owns 37,412 shares after completing the transaction at $176.00 per share. On Apr 04 ’24, another insider, Gloeckler Markus, who serves as the Chief Technology Officer of the company, sold 1,937 shares for $175.00 each. As a result, the insider received 338,975 and left with 12,536 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 20724207616 and an Enterprise Value of 19106367488. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 20.30, and their Forward P/E ratio for the next fiscal year is 9.31. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.81 while its Price-to-Book (P/B) ratio in mrq is 3.00. Its current Enterprise Value per Revenue stands at 5.36 whereas that against EBITDA is 13.271.
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 14.57%, while the 200-Day Moving Average is calculated to be 17.80%.
Shares Statistics:
According to the various share statistics, FSLR traded on average about 2.17M shares per day over the past 3-months and 1969870 shares per day over the past 10 days. A total of 106.85M shares are outstanding, with a floating share count of 100.97M. Insiders hold about 5.67% of the company’s shares, while institutions hold 89.96% stake in the company. Shares short for FSLR as of 1713139200 were 4828851 with a Short Ratio of 2.23, compared to 1710460800 on 4783740. Therefore, it implies a Short% of Shares Outstanding of 4828851 and a Short% of Float of 5.91.
