On Monday, FTC Solar Inc (NASDAQ: FTCI) opened lower -14.03% from the last session, before settling in for the closing price of $0.25. Price fluctuations for FTCI have ranged from $0.18 to $2.55 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 61.44% over the last five years. Company’s average yearly earnings per share was noted 7.65% at the time writing. With a float of $72.15 million, this company’s outstanding shares have now reached $125.45 million.
The firm has a total of 213 workers. Let’s measure their productivity.
FTC Solar Inc (FTCI) Insider Activity
A key investor’s attitude towards the stock of the Solar industry is another important factor to consider. The insider ownership of FTC Solar Inc is 42.73%, while institutional ownership is 18.89%. The most recent insider transaction that took place on Jun 14 ’24, was worth 48,628. In this transaction Director of this company bought 108,062 shares at a rate of $0.45, taking the stock ownership to the 1,190,246 shares. Before that another transaction happened on Jun 13 ’24, when Company’s Director bought 114,726 for $0.44, making the entire transaction worth $50,479. This insider now owns 1,082,184 shares in total.
FTC Solar Inc (FTCI) Earnings and Forecasts
According to the Wall Street analysts, stocks earnings will be around 7.65% per share during the next fiscal year.
FTC Solar Inc (NASDAQ: FTCI) Trading Performance Indicators
Check out the current performance indicators for FTC Solar Inc (FTCI). In the past quarter, the stock posted a quick ratio of 1.14. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.34.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.40, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach -0.06 in one year’s time.
Technical Analysis of FTC Solar Inc (FTCI)
Analysing the last 5-days average volume posted by the [FTC Solar Inc, FTCI], we can find that recorded value of 1.73 million was better than the volume posted last year of 0.71 million. As of the previous 9 days, the stock’s Stochastic %D was 21.88%. Additionally, its Average True Range was 0.05.
During the past 100 days, FTC Solar Inc’s (FTCI) raw stochastic average was set at 7.87%, which indicates a significant decrease from 11.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 196.29% in the past 14 days, which was higher than the 128.50% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4027, while its 200-day Moving Average is $0.5458. Now, the first resistance to watch is $0.2438. This is followed by the second major resistance level at $0.2767. The third major resistance level sits at $0.2936. If the price goes on to break the first support level at $0.1940, it is likely to go to the next support level at $0.1771. Should the price break the second support level, the third support level stands at $0.1442.
FTC Solar Inc (NASDAQ: FTCI) Key Stats
There are currently 125,610K shares outstanding in the company with a market cap of 26.56 million. Presently, the company’s annual sales total 127,000 K according to its annual income of -50,290 K. Last quarter, the company’s sales amounted to 12,590 K and its income totaled -8,770 K.
