FTC Solar Inc (NASDAQ:FTCI) currently has a daily average trading volume of 842.50K but it saw 1104533 shares traded in last market. With a market cap of 34.15M USD, the company’s current market price of $0.27 came falling about -3.56 while comparing to the previous closing price of $0.28. In past 52 weeks, the stock remained buoying in the range of price level as high as $2.11 and as low as $0.18. In the recent trading on the day, stock has struck highest price mark of $0.2639 while lowest mark touched by it was $0.31.
Taking a look at 20-day trading activity of FTC Solar Inc (FTCI) gives us an average price of $0.3270, while its current price level is -87.26% below from 52-week high level whereas it is 52.50% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.3701 while that of 200 days or SMA-200 reads an average of $0.5147. A closer look into the stock’s movement over the week reveals that its volatility is standing at 13.59% during that period while stretching the period over a month that increases to 16.95%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 40.53 which implies that the stock is in neutral territory.
Northland Capital downgraded its recommendation for the stock as a “Market Perform” from “Outperform” on November 09, 2023 while assigning a price target of $0.65. UBS also issued its recommendations for the stock as it downgraded the price target for the stock in the range of between $4 and $2.50.
Over the week, FTCI’s stock price is moving 5.47% up while it is -34.29% when we observe its performance for the past one month. Year-to-date it is -61.30% down and over the past year, the stock is showing a downside performance of -86.04%.
Currently, FTC Solar Inc’s total number of outstanding shares is 125.45M. Company’s return on investment (ROI) stands at -108.33% and return on equity (ROE) at -79.47%. Stock’s beta reads 1.58. Stock has a price to book (P/B) ratio of 0.77 while price to sale or P/S ratio amounts to 0.44. Its return on asset (ROA) is -41.32% on average.
