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The closing price of FTC Solar Inc (NASDAQ: FTCI) was $3.38 for the day, up 5.30% from the previous closing price of $3.21. In other words, the price has increased by $5.30 from its previous closing price. On the day, 0.58 million shares were traded. FTCI stock price reached its highest trading level at $4.2 during the session, while it also had its lowest trading level at $3.1201.
Ratios:
Our analysis of FTCI’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.93 and its Current Ratio is at 1.33. In the meantime, Its Debt-to-Equity ratio is 0.06 whereas as Long-Term Debt/Eq ratio is at 0.03.
On November 09, 2023, Northland Capital Downgraded its rating to Market Perform which previously was Outperform but kept the price unchanged to $0.65.
UBS Downgraded its Buy to Neutral on August 15, 2023, whereas the target price for the stock was revised from $4 to $2.50.
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 Dec 13 ’24 when Brandt Yann bought 31,450 shares for $3.12 per share. The transaction valued at 98,124 led to the insider holds 691,700 shares of the business.
Brandt Yann bought 10,250 shares of FTCI for $30,586 on Dec 06 ’24. The Chief Executive Officer now owns 6,510,250 shares after completing the transaction at $2.98 per share. On Sep 06 ’24, another insider, Chatila Ahmad R, who serves as the Director of the company, bought 238,000 shares for $0.21 each. As a result, the insider paid 49,980 and bolstered with 1,951,046 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, FTCI now has a Market Capitalization of 43445844 and an Enterprise Value of 36685308. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.76 while its Price-to-Book (P/B) ratio in mrq is 1.42. Its current Enterprise Value per Revenue stands at 0.64 whereas that against EBITDA is -0.801.
Stock Price History:
The Beta on a monthly basis for FTCI is 1.22, which has changed by -0.37753224 over the last 52 weeks, in comparison to a change of 0.22894537 over the same period for the S&P500. Over the past 52 weeks, FTCI has reached a high of $7.40, while it has fallen to a 52-week low of $1.76. The 50-Day Moving Average of the stock is -13.76%, while the 200-Day Moving Average is calculated to be -20.21%.
Shares Statistics:
FTCI traded an average of 162.82K shares per day over the past three months and 128430 shares per day over the past ten days. A total of 12.77M shares are outstanding, with a floating share count of 7.42M. Insiders hold about 42.29% of the company’s shares, while institutions hold 5.29% stake in the company. Shares short for FTCI as of 1738281600 were 849778 with a Short Ratio of 5.22, compared to 1735603200 on 781003. Therefore, it implies a Short% of Shares Outstanding of 849778 and a Short% of Float of 9.959999999999999.
