Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
After finishing at $5.45 in the prior trading day, FTC Solar Inc (NASDAQ: FTCI) closed at $4.84, down -11.19%. In other words, the price has decreased by -$11.19 from its previous closing price. On the day, 0.24 million shares were traded. FTCI stock price reached its highest trading level at $5.39 during the session, while it also had its lowest trading level at $4.458.
Ratios:
Our goal is to gain a better understanding of FTCI by taking a closer look at its different ratios. 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:
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 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 62212392 and an Enterprise Value of 610810112. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.08 while its Price-to-Book (P/B) ratio in mrq is 2.03. Its current Enterprise Value per Revenue stands at 10.65 whereas that against EBITDA is -13.342.
Stock Price History:
The Beta on a monthly basis for FTCI is 1.28, which has changed by -0.10865563 over the last 52 weeks, in comparison to a change of 0.23806548 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 12.39%, while the 200-Day Moving Average is calculated to be 11.32%.
Shares Statistics:
The stock has traded on average 184.19K shares per day over the past 3-months and 257730 shares per day over the last 10 days, according to various share statistics. A total of 12.77M shares are outstanding, with a floating share count of 7.21M. Insiders hold about 43.94% of the company’s shares, while institutions hold 9.05% stake in the company. Shares short for FTCI as of 1734048000 were 607676 with a Short Ratio of 3.30, compared to 1731628800 on 353802. Therefore, it implies a Short% of Shares Outstanding of 607676 and a Short% of Float of 7.180000000000001.
Earnings Estimates
FTC Solar Inc (FTCI) is currently under the scrutiny of 5.0 analysts, each contributing to the ongoing evaluation of its stock.The consensus estimate for the next quarter is -$0.58, with high estimates of -$0.38 and low estimates of -$0.8.
Analysts are recommending an EPS of between -$3.2 and -$3.8 for the fiscal current year, implying an average EPS of -$3.47. EPS for the following year is -$1.74, with 5.0 analysts recommending between -$1.11 and -$2.9.
Revenue Estimates
6 analysts predict $11.86M in revenue for the current quarter. It ranges from a high estimate of $13.3M to a low estimate of $10.39M. As of the current estimate, FTC Solar Inc’s year-ago sales were $23.2MFor the next quarter, 6 analysts are estimating revenue of $21.98M. There is a high estimate of $38.57M for the next quarter, whereas the lowest estimate is $15.4M.
A total of 6 analysts have provided revenue estimates for FTCI’s current fiscal year. The highest revenue estimate was $47.4M, while the lowest revenue estimate was $44.55M, resulting in an average revenue estimate of $46M. In the same quarter a year ago, actual revenue was $127MBased on 4 analysts’ estimates, the company’s revenue will be $155.79M in the next fiscal year. The high estimate is $191.06M and the low estimate is $117.26M.
