In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
First Solar Inc (NASDAQ: FSLR) closed the day trading at $178.01 up 2.85% from the previous closing price of $173.08. In other words, the price has increased by $2.85 from its previous closing price. On the day, 3.34 million shares were traded. FSLR stock price reached its highest trading level at $183.6499 during the session, while it also had its lowest trading level at $172.41.
Ratios:
For a better understanding of FSLR, let’s 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 12, 2024, Janney started tracking the stock assigning a Buy rating and target price of $236.
On February 14, 2024, RBC Capital Mkts started tracking the stock assigning a Outperform rating and target price of $195.RBC Capital Mkts initiated its Outperform rating on February 14, 2024, with a $195 target price.
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 19053834240 and an Enterprise Value of 17542078464. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.03, and their Forward P/E ratio for the next fiscal year is 8.53. For the stock, the TTM Price-to-Sale (P/S) ratio is 5.74 while its Price-to-Book (P/B) ratio in mrq is 2.84. Its current Enterprise Value per Revenue stands at 5.286 whereas that against EBITDA is 14.692.
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 12.17%, while the 200-Day Moving Average is calculated to be 7.64%.
Shares Statistics:
Over the past 3-months, FSLR traded about 2.13M shares per day on average, while over the past 10 days, FSLR traded about 2230510 shares per day. 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 89.23% stake in the company. Shares short for FSLR as of 1711584000 were 4774273 with a Short Ratio of 2.24, 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
Its stock is currently analyzed by GraniteShares 1.75x Long TSLA D different market analysts. The consensus estimate for the next quarter is $178.01, with high estimates of $39.60 and low estimates of $12.52.
Analysts are recommending an EPS of between $Industrials and $Technology for the fiscal current year, implying an average EPS of $Technology.
