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The closing price of First Solar Inc (NASDAQ: FSLR) was $249.44 for the day, down -2.47% from the previous closing price of $255.75. In other words, the price has decreased by -$2.47 from its previous closing price. On the day, 1.65 million shares were traded. FSLR stock price reached its highest trading level at $255.63 during the session, while it also had its lowest trading level at $247.29.
Ratios:
Our analysis of FSLR’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 1.65 and its Current Ratio is at 2.23. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.06.
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, Truist on September 26, 2024, initiated with a Buy rating and assigned the stock a target price of $300.
On August 14, 2024, Clarksons Platou started tracking the stock assigning a Buy rating and target price of $270.Clarksons Platou initiated its Buy rating on August 14, 2024, with a $270 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Aug 13 ’24 when Buehler Patrick James sold 8,619 shares for $222.00 per share. The transaction valued at 1,913,418 led to the insider holds 3,468 shares of the business.
Jeffers Byron Michael sold 500 shares of FSLR for $110,000 on Aug 12 ’24. The VP – Global Controller and CAO now owns 0 shares after completing the transaction at $220.00 per share. On Aug 13 ’24, another insider, Buehler Patrick James, who serves as the Officer of the company, bought 8,619 shares for $222.00 each.
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 26701803520 and an Enterprise Value of 25583372288. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 22.28, and their Forward P/E ratio for the next fiscal year is 11.82. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.39. For the stock, the TTM Price-to-Sale (P/S) ratio is 7.09 while its Price-to-Book (P/B) ratio in mrq is 3.68. Its current Enterprise Value per Revenue stands at 6.796 whereas that against EBITDA is 15.654.
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 10.72%, while the 200-Day Moving Average is calculated to be 26.55%.
Shares Statistics:
FSLR traded an average of 2.22M shares per day over the past three months and 1938330 shares per day over the past ten days. A total of 106.85M shares are outstanding, with a floating share count of 101.33M. Insiders hold about 5.34% of the company’s shares, while institutions hold 87.32% stake in the company. Shares short for FSLR as of 1726185600 were 4766101 with a Short Ratio of 2.15, compared to 1723680000 on 4330923. Therefore, it implies a Short% of Shares Outstanding of 4766101 and a Short% of Float of 5.83.
