For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
After finishing at $176.28 in the prior trading day, First Solar Inc (NASDAQ: FSLR) closed at $180.10, up 2.17%. In other words, the price has increased by $2.17 from its previous closing price. On the day, 1.98 million shares were traded. FSLR stock price reached its highest trading level at $183.23 during the session, while it also had its lowest trading level at $175.656.
Ratios:
Our goal is to gain a better understanding of FSLR by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.92 and its Current Ratio is at 3.55. In the meantime, Its Debt-to-Equity ratio is 0.09 whereas as Long-Term Debt/Eq ratio is at 0.08.
On April 19, 2024, Wells Fargo Upgraded its rating to Overweight which previously was Equal Weight and also upped its target price recommendation from $187 to $250.
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 Apr 04 ’24 when ANTOUN GEORGES sold 2,400 shares for $176.00 per share. The transaction valued at 422,400 led to the insider holds 37,412 shares of the business.
Gloeckler Markus sold 1,937 shares of FSLR for $338,975 on Apr 04 ’24. The Chief Technology Officer now owns 12,536 shares after completing the transaction at $175.00 per share. On Apr 01 ’24, another insider, ANTOUN GEORGES, who serves as the Chief Commercial Officer of the company, sold 2,400 shares for $169.72 each. As a result, the insider received 407,328 and left with 39,812 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, FSLR now has a Market Capitalization of 19277545472 and an Enterprise Value of 17357230080. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.30, and their Forward P/E ratio for the next fiscal year is 8.61. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.41. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.81 while its Price-to-Book (P/B) ratio in mrq is 2.88. Its current Enterprise Value per Revenue stands at 5.23 whereas that against EBITDA is 14.537.
Stock Price History:
Over the past 52 weeks, FSLR has reached a high of $232.00, while it has fallen to a 52-week low of $129.21. The 50-Day Moving Average of the stock is 11.60%, while the 200-Day Moving Average is calculated to be 9.06%.
Shares Statistics:
The stock has traded on average 2.14M shares per day over the past 3-months and 2120180 shares per day over the last 10 days, according to various share statistics. A total of 106.85M shares are outstanding, with a floating share count of 100.26M. Insiders hold about 6.32% of the company’s shares, while institutions hold 89.25% stake in the company. Shares short for FSLR as of 1711584000 were 4774273 with a Short Ratio of 2.23, compared to 1709164800 on 5855426. Therefore, it implies a Short% of Shares Outstanding of 4774273 and a Short% of Float of 5.84.
Earnings Estimates
The company has 25.0 analysts who recommend its stock at the moment. On average, analysts expect EPS of $1.98 for the current quarter, with a high estimate of $2.2 and a low estimate of $1.19, while EPS last year was $0.4. The consensus estimate for the next quarter is $3.22, with high estimates of $3.64 and low estimates of $2.84.
Analysts are recommending an EPS of between $14.0 and $13.16 for the fiscal current year, implying an average EPS of $13.58. EPS for the following year is $21.32, with 32.0 analysts recommending between $24.89 and $14.97.
Revenue Estimates
24 analysts predict $721.03M in revenue for the current quarter. It ranges from a high estimate of $1.02B to a low estimate of $638M. As of the current estimate, First Solar Inc’s year-ago sales were $548.29MFor the next quarter, 24 analysts are estimating revenue of $1.12B. There is a high estimate of $1.27B for the next quarter, whereas the lowest estimate is $1.03B.
A total of 30 analysts have provided revenue estimates for FSLR’s current fiscal year. The highest revenue estimate was $4.59B, while the lowest revenue estimate was $4.42B, resulting in an average revenue estimate of $4.5B. In the same quarter a year ago, actual revenue was $3.32BBased on 30 analysts’ estimates, the company’s revenue will be $5.61B in the next fiscal year. The high estimate is $5.9B and the low estimate is $5.26B.
