FTC Solar Inc (NASDAQ:FTCI) currently has a daily average trading volume of 1.44M but it saw 282007450 shares traded in last market. With a market cap of 58.49M USD, the company’s current market price of $0.46 came rising about 104.00 while comparing to the previous closing price of $0.23. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.70 and as low as $0.18. In the recent trading on the day, stock has struck highest price mark of $0.316 while lowest mark touched by it was $0.566.
Taking a look at 20-day trading activity of FTC Solar Inc (FTCI) gives us an average price of $0.2510, while its current price level is -72.99% below from 52-week high level whereas it is 161.21% 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 $0.3206 while that of 200 days or SMA-200 reads an average of $0.4864. A closer look into the stock’s movement over the week reveals that its volatility is standing at 25.55% during that period while stretching the period over a month that decreases to 16.53%. 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 72.29 which implies that the stock is in overbought 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 102.11% up while it is 117.84% when we observe its performance for the past one month. Year-to-date it is -33.72% down and over the past year, the stock is showing a downside performance of -71.65%.
The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -0.08 beaten by the consensus estimate of -0.07 for the same. The company is expected to be releasing its next quarterly report in October, for which analysts forecasted an EPS of -0.07 while estimate for next year EPS is -0.31. In next quarter, company is expected to be making quarterly sales of $30.09M as analysts are expecting the sales for current fiscal year at $70.67M and seeing the company making $167.89M in sales next year. Moreover, analysts are in estimates of $16.22M for current-quarter revenue.
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 1.51. Stock has a price to book (P/B) ratio of 1.32 while price to sale or P/S ratio amounts to 0.75. Its return on asset (ROA) is -41.32% on average.
