How Should Investors View First Solar Inc. (FSLR) Insider Trading?


At the last check on Friday, First Solar Inc.’s (NASDAQ:FSLR) stock was up $3.01, moving up 1.78 percent to $172.48. The average number of shares traded per day over the past five days has been 1,491,628 shares. 5 times new highs have been achieved over the past 5 days, with a $7.38 gain in that time frame. In the last twenty days, the average volume was 2,843,332, while in the previous 50 days, it was 2,934,975.

Since last month, FSLR stock rose 33.29%. Shares of the company fell to $127.55 on 10/28/22, the lowest level in the past month. A 52-week high of $170.52 was reached on 11/25/22 after having rallying from a 52-week low of $59.60. Since the beginning of this year, FSLR’s stock price has risen by 94.44% or $85.20, and marked a new high 30 times. However, the stock has increased by 1.15% since its 52-week high.

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FSLR stock investors should be aware that First Solar Inc. (FSLR) stock had its last reported insider trading activity 39 days ago on Oct 17. KENNEDY R CRAIG, the Director of the company, disposed of 600 shares for $125.68 on Oct 17. It resulted in a $75,408 divestment by the insider. KENNEDY R CRAIG sold 600 shares at an average price of $134.62 on Sep 15. The insider now owns 19,185 shares following the transaction. On Aug 18, Chief Technology Officer Gloeckler Markus sold 465 shares at $118.74 apiece. The transaction was valued at $55,214.

Valuation Metrics

Right now, First Solar Inc. (FSLR) has a P/E ratio of about 192.36. The stock’s beta is 1.26. Besides these, the trailing price-to-sales (P/S) ratio of 7.09, the price-to-book (PB) ratio of 3.10.

Financial Health

In the three months ended September 29, First Solar Inc.’s quick ratio stood at 3.10, while its current ratio was 4.10, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.04, and the total debt-to-equity ratio was 0.04. On the profitability front, the trailing twelve-month gross margin is 12.40% percent. In the year ended September 29, operating margins totaled 7.60%. Based on annual data, FSLR earned $729.95 million in gross profit and brought in $2.92 billion in revenue.

A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 7.80%. Return on equity (ROE) for the past 12 months was 1.60%.

In First Solar Inc.’s quarter-end financial report for September 29, it reported total debt of $254.22 million against cash and short-term investments of $776.21 million. According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. FSLR’s revenue rose 7.22% to $620.96 million during the quarter, while net income inched up to $628.93 million. While analysts expected First Solar Inc. to report -$0.27 quarterly earnings, the actual figure was -$0.46 per share, beating the consensus estimate by -70.40%. During the quarter, the company generated -$0.93 million in EBITDA. The liabilities of First Solar Inc. were 1.66 billion at the end of its most recent quarter ended September 29, and its total debt was $232.36 million. The value of shareholders’ equity is $106.61 million.

Technical Picture

This quick technical analysis looks at First Solar Inc.’s (FSLR) price momentum. With a historical volatility rate of 21.50%, the RSI 9-day stood at 77.07% on 23 November.

With respect to its five-day moving average, the current First Solar Inc. price is up by +4.47% percent or $7.38. At present, FSLR shares trade +31.39% above its 20-day simple moving average and +160.52% percent above its 100-day simple moving average. However, the stock is currently trading approximately +30.56% above its SMA50 and +132.39% above its SMA200.

Stochastic coefficient K was 97.14% and Stochastic coefficient D was 96.19%, while ATR was 6.67. Given the Stochastic reading of 99.43% for the 14-day period, the RSI (14) reading has been calculated as 73.01%. As of today, the MACD Oscillator reading stands at 5.57, while the 14-day reading stands at 10.44.

Analyst Ratings

Deutsche Bank launched its rating on First Solar Inc. (NASDAQ: FSLR) to a Buy in a note to investors on November 15, 2022. First Solar Inc. (FSLR) has been rated Overweight by analysts. According to 0 brokerage firms, FSLR is a sell, and 11 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate First Solar Inc. stock as buy, with 14 recommending it as overweight.

With a median target price of $167.50, the current consensus forecast for the stock is $137.00 – $233.00. Based on these forecasts, analysts predict First Solar Inc. (FSLR) will achieve an average price target of $167.80.


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