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First Solar Inc (NASDAQ: FSLR) closed the day trading at $214.76 down -0.30% from the previous closing price of $215.40. In other words, the price has decreased by -$0.30 from its previous closing price. On the day, 1.07 million shares were traded. FSLR stock price reached its highest trading level at $217.22 during the session, while it also had its lowest trading level at $213.26.
Ratios:
For a better understanding of FSLR, let’s look at its different ratios. 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.
On August 14, 2024, Clarksons Platou started tracking the stock assigning a Buy rating and target price of $270.
DZ Bank Upgraded its Hold to Buy on August 01, 2024, while the target price for the stock was maintained at $280.
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 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 23057922048 and an Enterprise Value of 21870985216. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.18, and their Forward P/E ratio for the next fiscal year is 10.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.33. For the stock, the TTM Price-to-Sale (P/S) ratio is 6.11 while its Price-to-Book (P/B) ratio in mrq is 3.17. Its current Enterprise Value per Revenue stands at 5.81 whereas that against EBITDA is 13.382.
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 -3.76%, while the 200-Day Moving Average is calculated to be 12.86%.
Shares Statistics:
Over the past 3-months, FSLR traded about 2.47M shares per day on average, while over the past 10 days, FSLR traded about 1402300 shares per day. 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 87.39% stake in the company. Shares short for FSLR as of 1723680000 were 4330923 with a Short Ratio of 1.75, compared to 1721001600 on 4687748. Therefore, it implies a Short% of Shares Outstanding of 4330923 and a Short% of Float of 5.3000003.
