A new trading day began on Friday, with First Solar Inc (NASDAQ: FSLR) stock price down -1.70% from the previous day of trading, before settling in for the closing price of $235.12. FSLR’s price has ranged from $129.21 to $306.77 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 9.81%. Meanwhile, its annual earnings per share averaged 74.98%. With a float of $101.30 million, this company’s outstanding shares have now reached $106.85 million.
The extent of productivity of a business whose workforce counts for 6700 workers is very important to gauge. In terms of profitability, gross margin is 45.65%, operating margin of 35.27%, and the pretax margin is 34.53%.
First Solar Inc (FSLR) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Solar Industry. The insider ownership of First Solar Inc is 5.37%, while institutional ownership is 87.42%. The most recent insider transaction that took place on Aug 13 ’24, was worth 1,913,418. In this transaction Chief Product Officer of this company sold 8,619 shares at a rate of $222.00, taking the stock ownership to the 3,468 shares. Before that another transaction happened on Aug 12 ’24, when Company’s VP – Global Controller and CAO sold 500 for $220.00, making the entire transaction worth $110,000. This insider now owns 0 shares in total.
First Solar Inc (FSLR) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 74.98% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 28.00% during the next five years compared to 41.58% growth over the previous five years of trading.
First Solar Inc (NASDAQ: FSLR) Trading Performance Indicators
Here are First Solar Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.65. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 6.57.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 11.20, a number that is poised to hit 3.16 in the next quarter and is forecasted to reach 21.10 in one year’s time.
Technical Analysis of First Solar Inc (FSLR)
The latest stats from [First Solar Inc, FSLR] show that its last 5-days average volume of 2.01 million was inferior to 2.37 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 17.50%. Additionally, its Average True Range was 11.34.
During the past 100 days, First Solar Inc’s (FSLR) raw stochastic average was set at 38.71%, which indicates a significant increase from 13.92% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.77% in the past 14 days, which was lower than the 62.00% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $227.17, while its 200-day Moving Average is $199.16. Now, the first resistance to watch is $239.15. This is followed by the second major resistance level at $247.16. The third major resistance level sits at $253.73. If the price goes on to break the first support level at $224.57, it is likely to go to the next support level at $218.00. The third support level lies at $209.99 if the price breaches the second support level.
First Solar Inc (NASDAQ: FSLR) Key Stats
With a market capitalization of 24.74 billion, the company has a total of 107,041K Shares Outstanding. Currently, annual sales are 3,319 M while annual income is 830,780 K. The company’s previous quarter sales were 1,010 M while its latest quarter income was 349,360 K.
