January 24, 2023, FTC Solar Inc. (NASDAQ: FTCI) trading session started at the price of $3.10, that was -5.08% drop from the session before. During the day, the shares moved up to $3.15 and dropped to $2.935 before settling in for the closing price of $3.15. A 52-week range for FTCI has been $1.78 – $6.82.
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When this article was written, the company’s average yearly earnings per share was at -435.30%. With a float of $43.98 million, this company’s outstanding shares have now reached $102.17 million.
The extent of productivity of a business whose workforce counts for 223 workers is very important to gauge.
FTC Solar Inc. (FTCI) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward FTC Solar Inc. stocks. The insider ownership of FTC Solar Inc. is 11.10%, while institutional ownership is 29.80%. The most recent insider transaction that took place on Jan 17, was worth 260,000. In this transaction 10% Owner of this company sold 100,000 shares at a rate of $2.60, taking the stock ownership to the 15,753,357 shares. Before that another transaction happened on Jan 13, when Company’s President & CEO sold 6,380 for $2.72, making the entire transaction worth $17,354. This insider now owns 597,758 shares in total.
FTC Solar Inc. (FTCI) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 6/29/2022, it has been observed that the corporation posted -$0.18 earnings per share (EPS) during the time that was less than consensus figure (set at -$0.16) by -$0.02. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -435.30% per share during the next fiscal year.
FTC Solar Inc. (NASDAQ: FTCI) Trading Performance Indicators
You can see what FTC Solar Inc. (FTCI) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 1.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.51.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -1.03, a number that is poised to hit -0.11 in the next quarter and is forecasted to reach -0.03 in one year’s time.
Technical Analysis of FTC Solar Inc. (FTCI)
The latest stats from [FTC Solar Inc., FTCI] show that its last 5-days average volume of 1.45 million was superior to 1.2 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 81.31%. Additionally, its Average True Range was 0.24.
During the past 100 days, FTC Solar Inc.’s (FTCI) raw stochastic average was set at 46.01%, which indicates a significant decrease from 71.63% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 96.24% in the past 14 days, which was lower than the 99.37% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $2.51, while its 200-day Moving Average is $3.42. Now, the first resistance to watch is $3.12. This is followed by the second major resistance level at $3.24. The third major resistance level sits at $3.33. If the price goes on to break the first support level at $2.90, it is likely to go to the next support level at $2.81. The third support level lies at $2.68 if the price breaches the second support level.
FTC Solar Inc. (NASDAQ: FTCI) Key Stats
There are 103,285K outstanding shares of the company, which has a market capitalization of 300.35 million. As of now, sales total 270,530 K while income totals -106,590 K. Its latest quarter income was 16,570 K while its last quarter net income were -25,640 K.