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The price of FTC Solar Inc (NASDAQ: FTCI) closed at $0.40 in the last session, down -2.20% from day before closing price of $0.41. In other words, the price has decreased by -$2.20 from its previous closing price. On the day, 0.77 million shares were traded. FTCI stock price reached its highest trading level at $0.43 during the session, while it also had its lowest trading level at $0.4.
Ratios:
We take a closer look at FTCI’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Sep 06 ’24 when Chatila Ahmad R bought 238,000 shares for $0.21 per share. The transaction valued at 49,980 led to the insider holds 1,951,046 shares of the business.
Chatila Ahmad R bought 110,000 shares of FTCI for $25,300 on Sep 04 ’24. The Director now owns 1,713,046 shares after completing the transaction at $0.23 per share. On Aug 26 ’24, another insider, Chatila Ahmad R, who serves as the Director of the company, bought 100,000 shares for $0.25 each. As a result, the insider paid 25,000 and bolstered with 1,603,046 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 51605092 and an Enterprise Value of 44215556. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.88 while its Price-to-Book (P/B) ratio in mrq is 1.70. Its current Enterprise Value per Revenue stands at 0.771 whereas that against EBITDA is -0.966.
Stock Price History:
Over the past 52 weeks, FTCI has reached a high of $1.00, while it has fallen to a 52-week low of $0.18. The 50-Day Moving Average of the stock is -23.07%, while the 200-Day Moving Average is calculated to be -11.32%.
Shares Statistics:
According to the various share statistics, FTCI traded on average about 6.86M shares per day over the past 3-months and 1205000 shares per day over the past 10 days. A total of 125.45M shares are outstanding, with a floating share count of 70.16M. Insiders hold about 45.09% of the company’s shares, while institutions hold 9.11% stake in the company. Shares short for FTCI as of 1730332800 were 5926340 with a Short Ratio of 0.86, compared to 1727654400 on 3546517. Therefore, it implies a Short% of Shares Outstanding of 5926340 and a Short% of Float of 7.01.
