FTC Solar Inc (FTCI) is -51.97% away from 50-day simple Moving Average despite all headwinds

November 20, 2023, FTC Solar Inc (NASDAQ: FTCI) trading session started at the price of $0.5137, that was 7.21% jump from the session before. During the day, the shares moved up to $0.575 and dropped to $0.50 before settling in for the closing price of $0.52. A 52-week range for FTCI has been $0.28 – $3.87.

Annual sales at Technology sector company grew by 80.85% over the past five years. When this article was written, the company’s average yearly earnings per share was at 55.22%. With a float of $52.93 million, this company’s outstanding shares have now reached $105.03 million.

Let’s look at the performance matrix of the company that is accounted for 221 employees. In terms of profitability, gross margin is -22.64, operating margin of -80.91, and the pretax margin is -80.59.

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 57.65%, while institutional ownership is 34.76%. The most recent insider transaction that took place on Nov 17, was worth 10,400. In this transaction Director of this company bought 20,000 shares at a rate of $0.52, taking the stock ownership to the 377,032 shares. Before that another transaction happened on Nov 15, when Company’s CHIEF FINANCIAL OFFICER bought 100,000 for $0.52, making the entire transaction worth $52,000. This insider now owns 351,989 shares in total.

FTC Solar Inc (FTCI) Latest Financial update

This company achieved a net margin of -80.94 while generating a return on equity of -95.18. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.55 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 55.22% 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 2.00. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.53.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.54, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach -0.07 in one year’s time.

Technical Analysis of FTC Solar Inc (FTCI)

FTC Solar Inc (NASDAQ: FTCI) saw its 5-day average volume 3.01 million, a positive change from its year-to-date volume of 1.77 million. As of the previous 9 days, the stock’s Stochastic %D was 35.73%. Additionally, its Average True Range was 0.13.

During the past 100 days, FTC Solar Inc’s (FTCI) raw stochastic average was set at 7.59%, which indicates a significant decrease from 25.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 440.95% in the past 14 days, which was higher than the 191.18% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $1.1330, while its 200-day Moving Average is $2.3086. Nevertheless, the first resistance level for the watch stands at $0.5863 in the near term. At $0.6181, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.6613. If the price goes on to break the first support level at $0.5113, it is likely to go to the next support level at $0.4681. The third support level lies at $0.4363 if the price breaches the second support level.

FTC Solar Inc (NASDAQ: FTCI) Key Stats

There are 125,006K outstanding shares of the company, which has a market capitalization of 69.31 million. As of now, sales total 123,070 K while income totals -99,610 K. Its latest quarter income was 30,550 K while its last quarter net income were -16,940 K.