First Solar Inc. (NASDAQ:FSLR) finished Wednesday with an addition of $0.75 to close at $106.02, an upside of 0.71 percent. An average of 1,933,720 shares of common stock have been traded in the last five days. There was a gain of $10.84 in the past week. The last 20 days have seen an average of 1,929,750 shares traded, while the 50-day average volume stands at 1,640,442.
FSLR stock has increased by 0.82% in the last month. The company shares reached their 1-month lowest point of $90.18 on 09/24/21. With the stock rallying to its 52-week high on 01/25/21, shares of the company touched a low of $67.71 and a high of $112.50 in 52 weeks. In spite of this, the price is down -5.76% from the 52-week high.
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65 days have passed since First Solar Inc. (FSLR) last reported insider trading activity. Gloeckler Markus, who is Chief Technology Officer, most recently acquired $2,048 shares at $94.65 per share on Aug 10. In this transaction, the insider spent $193,843. Chief Financial Officer, Bradley Alexander R., disposed of 13,177 shares at a price of $88.20 on Aug 02. The insider now owns more than $1,162,184 worth of shares. Prior to that, Director KENNEDY R CRAIG went on to Sale 550 shares at $89.03 each on Jul 15. An amount of $48,966 was transacted.
First Solar Inc. (FSLR) has a trailing price-to-earnings (P/E) ratio of 20.13, which compares with the 31.10 for the broader industry and 37.24 for the sector. In the last five years, First Solar Inc.’s PE ratio has ranged between 320.52 and 6.035. The stock’s beta is 1.28. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.75, the price-to-book (PB) ratio at 1.95.
The quick ratio of First Solar Inc. for the three months ended June 29 was 3.90, and the current ratio was 4.80, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.05 and a total debt to equity ratio of 0.05 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 27.30% against a 5-year average of 20.2%. First Solar Inc.’s EBITDA margin for the year ending June 29 is 22.03%, while its operating margin for the same period stands at 21.10%. Its gross profit as reported stood at $680.67 million compared to revenue of $2.71 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, First Solar Inc.’s return on assets was 7.90%, compared to -0.5% over the last five years. In the past year, the return on investment has been 7.30%, and the 5-year average is -0.8%. Meanwhile, the return on equity (ROE) for the past 12 months has been 10.10% and the 5-year average holds at -0.6%. For the broader industry, ROE averaged -0.25 over the past year.
For the three-month period that ended June 29, First Solar Inc. had $418.51 million in cash. The analyst consensus anticipated First Solar Inc.’s latest quarter earnings to come in at $0.54 per share, but it turned out to be $0.77, a 42.60% surprise. For the quarter, EBITDA amounted to $176.09 million. Shareholders own equity worth $106.32 million.
From a technical analysis perspective, let’s take a brief look at First Solar Inc. (FSLR) price momentum. RSI 9-day as of the close on 13 October was 75.10%, suggesting the stock is Overbought, with historical volatility in this time frame at 22.51%.
As of today, FSLR’s price is $101.95 +11.39% or $10.84 from its 5-day moving average. FSLR is currently trading +1.26% higher than its 20-day SMA and +39.63% higher than its 100-day SMA. However, the stock’s current price level is +14.81% above the SMA50 and +4.77% above the SMA200.
The stochastic %K and %D were 83.87% and 82.34%, respectively, and the average true range (ATR) was 3.78. With the 14-day stochastic at 87.42% and the average true range at 3.67, the RSI (14) stands at 68.08%. The stock has reached 5.40 on the 9-day MACD Oscillator while the 14-day reading was at 7.13.
KeyBanc Capital Markets launched coverage on First Solar Inc. (NASDAQ: FSLR) in its analyst report released on September 21, 2021. The firm assigned the stock a a Sector weight rating.The consensus rating for First Solar Inc. (FSLR) among analysts is Hold. According to current brokerage recommendations, 3 brokerage firms advise that investors sell FSLR, while 11 suggest investors hold. There are 2 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 7 others rate it as a “buy”.
What is FSLR’s price target for the next 12 months?
Analysts predict a range of price targets between $61.00 and $125.00, with a median target of $101.00. Taking a look at these predictions, the average price target given by analysts for First Solar Inc. (FSLR) stock is $98.93.