-9.75% percent quarterly performance for First Solar Inc (FSLR) is not indicative of the underlying story

First Solar Inc (NASDAQ: FSLR) kicked off on November 20, 2023, at the price of $155.00, up 2.75% from the previous trading day. During the day, the shares moved up to $162.3562 and dropped to $153.849 before settling in for the closing price of $155.02. Over the past 52 weeks, FSLR has traded in a range of $129.21-$232.00.

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Technology Sector giant saw their annual sales slid by -0.26% over the last five years. While this was happening, its average annual earnings per share was recorded 1984.29%. With a float of $100.10 million, this company’s outstanding shares have now reached $106.61 million.

The firm has a total of 5500 workers. Let’s measure their productivity. In terms of profitability, gross margin is +4.82, operating margin of -5.77, and the pretax margin is +0.33.

First Solar Inc (FSLR) Insider Activity

Our next focus will be how large-scale investors are participating in this stock of the Solar Industry. The insider ownership of First Solar Inc is 6.31%, while institutional ownership is 89.27%. The most recent insider transaction that took place on Oct 30, was worth 233,683. In this transaction Chief Manufacturing Officer of this company sold 1,621 shares at a rate of $144.16, taking the stock ownership to the 1,621 shares. Before that another transaction happened on Oct 02, when Company’s Chief Financial Officer sold 5,000 for $158.23, making the entire transaction worth $791,145. This insider now owns 30,419 shares in total.

First Solar Inc (FSLR) Earnings and Forecasts

In the latest quarterly report, which was put into the public domain on 9/29/2023, the organization reported $2.5 earnings per share (EPS), higher than consensus estimate (set at $2.06) by $0.44. This company achieved a net margin of -1.69 while generating a return on equity of -0.75. Wall Street market experts anticipate that the next fiscal year will bring earnings of 2.49 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 1984.29% per share during the next fiscal year.

First Solar Inc (NASDAQ: FSLR) Trading Performance Indicators

Take a look at First Solar Inc’s (FSLR) current performance indicators. Last quarter, stock had a quick ratio of 2.45. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.38.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 4.41, a number that is poised to hit 3.29 in the next quarter and is forecasted to reach 13.03 in one year’s time.

Technical Analysis of First Solar Inc (FSLR)

Analysing the last 5-days average volume posted by the [First Solar Inc, FSLR], we can find that recorded value of 2.65 million was better than the volume posted last year of 2.33 million. As of the previous 9 days, the stock’s Stochastic %D was 89.26%. Additionally, its Average True Range was 7.75.

During the past 100 days, First Solar Inc’s (FSLR) raw stochastic average was set at 31.56%, which indicates a significant decrease from 90.75% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 58.81% in the past 14 days, which was higher than the 45.55% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $153.63, while its 200-day Moving Average is $184.06. Now, the first resistance to watch is $163.15. This is followed by the second major resistance level at $167.01. The third major resistance level sits at $171.65. If the price goes on to break the first support level at $154.64, it is likely to go to the next support level at $149.99. Should the price break the second support level, the third support level stands at $146.13.

First Solar Inc (NASDAQ: FSLR) Key Stats

The company with the Market Capitalisation of 17.02 billion has total of 106,844K Shares Outstanding. Its annual sales at the moment are 2,619 M in contrast with the sum of -44,170 K annual income. Company’s last quarter sales were recorded 801,090 K and last quarter income was 268,400 K.


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