FTC Solar Inc (NASDAQ:FTCI) currently has a daily average trading volume of 6.67M but it saw 1988401 shares traded in last market. With a market cap of 67.12M USD, the company’s current market price of $0.53 came rising about 6.68 while comparing to the previous closing price of $0.49. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.57 and as low as $0.18. In the recent trading on the day, stock has struck highest price mark of $0.4801 while lowest mark touched by it was $0.545.
Taking a look at 20-day trading activity of FTC Solar Inc (FTCI) gives us an average price of $0.3127, while its current price level is -66.43% below from 52-week high level whereas it is 199.77% 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 $0.3369 while that of 200 days or SMA-200 reads an average of $0.4802. A closer look into the stock’s movement over the week reveals that its volatility is standing at 26.05% during that period while stretching the period over a month that decreases to 19.58%. 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 66.32 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 48.45% up while it is 89.57% when we observe its performance for the past one month. Year-to-date it is -23.93% down and over the past year, the stock is showing a downside performance of -63.90%.
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 1.36. Stock has a price to book (P/B) ratio of 1.51 while price to sale or P/S ratio amounts to 0.86. Its return on asset (ROA) is -41.32% on average.
