The closing price of FTC Solar Inc (NASDAQ: FTCI) was $0.44 for the day, down -0.76% from the previous closing price of $0.44. In other words, the price has decreased by -$0.0034 from its previous closing price. On the day, 2206350 shares were traded.
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 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:
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 ’23 when Morris Robert Phelps sold 19,791 shares for $0.73 per share. The transaction valued at 14,447 led to the insider holds 173,244 shares of the business.
Chatila Ahmad R bought 13,960 shares of FTCI for $10,470 on Dec 08 ’23. The Director now owns 583,158 shares after completing the transaction at $0.75 per share. On Dec 01 ’23, another insider, Chatila Ahmad R, who serves as the Director of the company, bought 14,550 shares for $0.68 each. As a result, the insider paid 9,894 and bolstered with 569,198 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 55.38M and an Enterprise Value of 25.92M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.43 while its Price-to-Book (P/B) ratio in mrq is 0.89. Its current Enterprise Value per Revenue stands at 0.20 whereas that against EBITDA is -0.45.
Stock Price History:
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 0.5346, while the 200-Day Moving Average is calculated to be 1.4867.
Shares Statistics:
FTCI traded an average of 838.00K shares per day over the past three months and 975.78k shares per day over the past ten days. A total of 125.45M shares are outstanding, with a floating share count of 55.75M. Insiders hold about 55.40% of the company’s shares, while institutions hold 26.87% stake in the company. Shares short for FTCI as of Feb 29, 2024 were 7.53M with a Short Ratio of 8.98, compared to 6.86M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.02% and a Short% of Float of 9.67%.
Earnings Estimates
The firm’s stock currently is rated by 6 analysts. On average, analysts expect EPS of -$0.05 for the current quarter, with a high estimate of $0 and a low estimate of -$0.08, while EPS last year was -$0.07. The consensus estimate for the next quarter is -$0.03, with high estimates of $0 and low estimates of -$0.07.
Analysts are recommending an EPS of between -$0.03 and -$0.28 for the fiscal current year, implying an average EPS of -$0.12. EPS for the following year is $0.04, with 5 analysts recommending between $0.19 and -$0.16.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 6 analysts. It ranges from a high estimate of $45M to a low estimate of $11.02M. As of the current estimate, FTC Solar Inc’s year-ago sales were $40.89M, an estimated decrease of -33.70% from the year-ago figure. For the next quarter, 6 analysts are estimating revenue of $35.57M, an increase of 9.90% over than the figure of -$33.70% in the same quarter last year. There is a high estimate of $60M 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 $245M, while the lowest revenue estimate was $146.8M, resulting in an average revenue estimate of $189.07M. In the same quarter a year ago, actual revenue was $127M, up 48.90% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $312.65M in the next fiscal year. The high estimate is $361.07M and the low estimate is $230.8M. The average revenue growth estimate for next year is up 65.40% from the average revenue estimate for this year.
