FTC Solar Inc (NASDAQ:FTCI) currently has a daily average trading volume of 6.95M but it saw 1832926 shares traded in last market. With a market cap of 64.39M USD, the company’s current market price of $0.50 came falling about -5.67 while comparing to the previous closing price of $0.53. In past 52 weeks, the stock remained buoying in the range of price level as high as $1.22 and as low as $0.18. In the recent trading on the day, stock has struck highest price mark of $0.4901 while lowest mark touched by it was $0.54.
Taking a look at 20-day trading activity of FTC Solar Inc (FTCI) gives us an average price of $0.5723, while its current price level is -58.68% below from 52-week high level whereas it is 186.75% 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 $0.4889 while that of 200 days or SMA-200 reads an average of $0.4598. A closer look into the stock’s movement over the week reveals that its volatility is standing at 12.86% during that period while stretching the period over a month that decreases to 12.08%. 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 44.95 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 -4.58% down while it is 8.92% when we observe its performance for the past one month. Year-to-date it is -27.24% down and over the past year, the stock is showing a downside performance of -57.64%.
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 1.79. Stock has a price to book (P/B) ratio of 1.45 while price to sale or P/S ratio amounts to 0.83. Its return on asset (ROA) is -41.32% on average.
