This Insider Sold 2048.0 Shares In First Solar Inc. (FSLR)

First Solar Inc. (NASDAQ:FSLR) saw an upside of 5.33% on Monday to $103.93 after adding $5.26. The 5-day average trading volume is 1,087,885 shares of the company’s common stock. It has gained $104.69 in the past week. An average of 1,762,316 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 1,625,356.

FSLR’s 1-month performance is -0.22% or $4.68 on its low of $90.18 reached on 09/24/21. The company’s shares have touched a 52-week low of $67.71 and high of $112.50, with the stock’s rally to the 52-week high happening on 01/25/21. YTD, FSLR has lost -0.25% or $5.17. However, the current price is down -7.62%% from the 52-week high price.

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Insider Transactions

On Aug 10, 62 days have gone by since the last insider trading activity for First Solar Inc. (FSLR). Gloeckler Markus (Chief Technology Officer) most recently sold 2,048 shares at $94.65 per share on Aug 10. This transaction cost the insider $193,843. Chief Financial Officer, Bradley Alexander R., sold 13,177 shares at a price of $88.20 on Aug 02. Then, on Jul 15, Director KENNEDY R CRAIG sold 550 shares at a price of $89.03 per share. This transaction amounted to $48,966.

Valuation Metrics

The company’s PE ratio for the last five years has touched a high of 320.52 and a low of 6.035. FSLR stock has a beta of 1.28. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 3.49 while the price-to-book (PB) in the most recent quarter is 1.81.

First Solar Inc.’s quick ratio for the period ended June 29 was 3.90, with the current ratio over the same period at 4.80 meaning that FSLR stock is able to fulfill its debt obligations. As well, the company’s long term debt to equity for the quarter ending June 29 was 0.05, while the total debt to equity was 0.05. In terms of profitability, the gross margin trailing 12 months is 27.30%. while for the period ending June 29; First Solar Inc.’s operating margin was 21.10%. The firm’s gross profit as reported stood at $680.67 million against revenue of $2.71 billion.

Earnings Surprise

For the quarterly period ending June 29 this year, First Solar Inc.’s cash and short-term investments amounted to $418.51 million against total debt of $468.99 million. Net income and sales went down compared to those figures reported in the previous quarter. Analysts expected FSLR to announce $0.54 per share in earnings in its latest quarter, but it posted $0.77, representing a 42.60% surprise. EBITDA for the quarter stood at more than $176.09 million. FSLR stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 1.46 billion, with total debt at $468.99 million. Shareholders hold equity totaling $106.32 million

Technical Picture

Let’s look briefly at First Solar Inc. (FSLR) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 October was 71.59% to suggest the stock is trending Overbought, with historical volatility in this time period at 30.43%.

The stock’s 5-day moving average is $98.21, reflecting a +9.56% or $9.08 change from its current price. FSLR is currently trading -1.96% above its 20-day SMA, +40.21% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by +20.98% and +2.22% respectively.

Stochastic %K and %D was 84.67% and 65.47% and the average true range (ATR) pointed at 3.54. The RSI (14) points at 65.28%, while the 14-day stochastic is at 95.86% with the period’s ATR at 3.50. The stock’s 9-day MACD Oscillator is pointing at 3.19 and 4.14 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for First Solar Inc. (NASDAQ: FSLR), KeyBanc Capital Markets launched coverage with a Sector weight rating. Analysts offering their rating for FSLR stock have a consensus rating for the stock as Hold. Currently, 3 brokerage advisors rate FSLR as a “sell,”, while 11 advise that investors “Hold.” 2 analysts have rated the stock as underweight. 1 rates the stock as overweight while 7 have offered a “buy” rating.

What is FSLR’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $61.00 and a high of $125.00, with their median price target at $101.00. Looking at these predictions, the average price target given by analysts is for First Solar Inc. (FSLR) stock is $98.75.


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