In the latest session, FTC Solar Inc (NASDAQ: FTCI) closed at $0.49 down -2.85% from its previous closing price of $0.50. In other words, the price has decreased by -$0.0144 from its previous closing price. On the day, 706130 shares were traded.
Ratios:
For a deeper understanding of FTC Solar Inc’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 2.00 and its Current Ratio is at 2.18. In the meantime, Its Debt-to-Equity ratio is 0.03 whereas as Long-Term Debt/Eq ratio is at 0.02.
On August 15, 2023, UBS Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $4 to $2.50.
On April 13, 2023, H.C. Wainwright started tracking the stock assigning a Buy rating and target price of $5.H.C. Wainwright initiated its Buy rating on April 13, 2023, with a $5 target price.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 13 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. The Director now owns 583,158 shares after completing the transaction at $0.75 per share. On Dec 01, 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 62.97M and an Enterprise Value of 33.50M. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.47 while its Price-to-Book (P/B) ratio in mrq is 0.83. Its current Enterprise Value per Revenue stands at 0.26 whereas that against EBITDA is -0.58.
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 0.5756, while the 200-Day Moving Average is calculated to be 1.6048.
Shares Statistics:
For the past three months, FTCI has traded an average of 875.69K shares per day and 726.28k over the past ten days. A total of 105.03M 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 15, 2024 were 8.21M with a Short Ratio of 9.38, compared to 8.59M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 6.57% and a Short% of Float of 10.55%.
Earnings Estimates
There are 6 different market analysts currently analyzing its stock. On average, analysts expect EPS of -$0.07 for the current quarter, with a high estimate of -$0.07 and a low estimate of -$0.08, while EPS last year was -$0.11. The consensus estimate for the next quarter is -$0.03, with high estimates of $0 and low estimates of -$0.05.
Analysts are recommending an EPS of between -$0.28 and -$0.3 for the fiscal current year, implying an average EPS of -$0.29. EPS for the following year is -$0.07, with 6 analysts recommending between -$0.03 and -$0.16.
Revenue Estimates
A total of 7 analysts believe the company’s revenue will be $23.12M this quarter.It ranges from a high estimate of $24.4M to a low estimate of $21.61M. As of the current estimate, FTC Solar Inc’s year-ago sales were $26.22M, an estimated decrease of -11.80% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $43M, an increase of 5.10% over than the figure of -$11.80% in the same quarter last year. There is a high estimate of $47.5M for the next quarter, whereas the lowest estimate is $37.83M.
A total of 7 analysts have provided revenue estimates for FTCI’s current fiscal year. The highest revenue estimate was $128.2M, while the lowest revenue estimate was $125.41M, resulting in an average revenue estimate of $126.92M. In the same quarter a year ago, actual revenue was $123.07M, up 3.10% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $238.22M in the next fiscal year. The high estimate is $302.5M and the low estimate is $184.79M. The average revenue growth estimate for next year is up 87.70% from the average revenue estimate for this year.
