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After finishing at $0.46 in the prior trading day, FTC Solar Inc (NASDAQ: FTCI) closed at $0.45, down -2.80%. In other words, the price has decreased by -$2.80 from its previous closing price. On the day, 0.63 million shares were traded. FTCI stock price reached its highest trading level at $0.4942 during the session, while it also had its lowest trading level at $0.4368.
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 1.80 and its Current Ratio is at 1.98. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
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 Mar 26 ’24 when Chatila Ahmad R bought 97,400 shares for $0.51 per share. The transaction valued at 49,674 led to the insider holds 967,458 shares of the business.
Chatila Ahmad R bought 92,600 shares of FTCI for $50,930 on Mar 22 ’24. The Director now owns 870,058 shares after completing the transaction at $0.55 per share. On Mar 21 ’24, another insider, Cook Patrick, who serves as the Chief Commercial Officer of the company, sold 23,000 shares for $0.58 each. As a result, the insider received 13,340 and left with 1,222,205 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 56162020 and an Enterprise Value of 32790860. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.44 while its Price-to-Book (P/B) ratio in mrq is 0.90. Its current Enterprise Value per Revenue stands at 0.258 whereas that against EBITDA is -0.718.
Stock Price History:
The Beta on a monthly basis for FTCI is 1.63, which has changed by -0.8226191 over the last 52 weeks, in comparison to a change of 0.23568535 over the same period for the S&P500. Over the past 52 weeks, FTCI has reached a high of $3.87, while it has fallen to a 52-week low of $0.28. The 50-Day Moving Average of the stock is -8.35%, while the 200-Day Moving Average is calculated to be -60.11%.
Shares Statistics:
The stock has traded on average 720.44K shares per day over the past 3-months and 445280 shares per day over the last 10 days, according to various share statistics. A total of 125.45M shares are outstanding, with a floating share count of 55.73M. Insiders hold about 55.63% of the company’s shares, while institutions hold 26.69% stake in the company. Shares short for FTCI as of 1713139200 were 9360387 with a Short Ratio of 12.99, compared to 1710460800 on 8514394. Therefore, it implies a Short% of Shares Outstanding of 9360387 and a Short% of Float of 11.93.
Earnings Estimates
FTC Solar Inc (FTCI) is currently under the scrutiny of 6.0 analysts, each contributing to the ongoing evaluation of its stock.On average, analysts expect EPS of -$0.09 for the current quarter, with a high estimate of -$0.07 and a low estimate of -$0.11, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.06, with high estimates of -$0.04 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.11 and -$0.28 for the fiscal current year, implying an average EPS of -$0.18. EPS for the following year is -$0.01, with 6.0 analysts recommending between $0.1 and -$0.17.
Revenue Estimates
6 analysts predict $12.91M in revenue for the current quarter. It ranges from a high estimate of $14.64M to a low estimate of $11.02M. As of the current estimate, FTC Solar Inc’s year-ago sales were $40.89MFor the next quarter, 6 analysts are estimating revenue of $23.58M. There is a high estimate of $33.8M for the next quarter, whereas the lowest estimate is $12.73M.
A total of 6 analysts have provided revenue estimates for FTCI’s current fiscal year. The highest revenue estimate was $177.5M, while the lowest revenue estimate was $117.4M, resulting in an average revenue estimate of $152.01M. In the same quarter a year ago, actual revenue was $127MBased on 6 analysts’ estimates, the company’s revenue will be $267.06M in the next fiscal year. The high estimate is $352.5M and the low estimate is $121.3M.
