On Friday, FTC Solar Inc (NASDAQ: FTCI) opened lower -5.36% from the last session, before settling in for the closing price of $0.25. Price fluctuations for FTCI have ranged from $0.18 to $2.11 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 61.44%. Company’s average yearly earnings per share was noted 7.96% at the time writing. With a float of $64.54 million, this company’s outstanding shares have now reached $125.45 million.
Let’s determine the extent of company efficiency that accounts for 213 employees. In terms of profitability, gross margin is -0.49%, operating margin of -67.43%, and the pretax margin is -63.55%.
FTC Solar Inc (FTCI) Breakdown of a Key Holders of the stock
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 49.25%, while institutional ownership is 16.02%. The most recent insider transaction that took place on Aug 26 ’24, was worth 25,000. In this transaction Director of this company bought 100,000 shares at a rate of $0.25, taking the stock ownership to the 1,603,046 shares. Before that another transaction happened on Aug 19 ’24, when Company’s Former Director bought 160,000 for $0.25, making the entire transaction worth $40,000. This insider now owns 2,411,740 shares in total.
FTC Solar Inc (FTCI) Recent Fiscal highlights
According to the Wall Street analysts, stocks earnings will be around 7.96% 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 0.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.40, a number that is poised to hit -0.09 in the next quarter and is forecasted to reach -0.07 in one year’s time.
Technical Analysis of FTC Solar Inc (FTCI)
Looking closely at FTC Solar Inc (NASDAQ: FTCI), its last 5-days average volume was 0.91 million, which is a jump from its year-to-date volume of 0.76 million. As of the previous 9 days, the stock’s Stochastic %D was 11.61%. Additionally, its Average True Range was 0.04.
During the past 100 days, FTC Solar Inc’s (FTCI) raw stochastic average was set at 14.85%, which indicates a significant decrease from 21.21% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 107.24% in the past 14 days, which was lower than the 125.87% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3409, while its 200-day Moving Average is $0.4964. However, in the short run, FTC Solar Inc’s stock first resistance to watch stands at $0.2524. Second resistance stands at $0.2680. The third major resistance level sits at $0.2786. If the price goes on to break the first support level at $0.2262, it is likely to go to the next support level at $0.2156. Now, if the price goes above the second support level, the third support stands at $0.2000.
FTC Solar Inc (NASDAQ: FTCI) Key Stats
There are currently 125,610K shares outstanding in the company with a market cap of 30.15 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 11,430 K and its income totaled -12,240 K.
