On Friday, FTC Solar Inc (NASDAQ: FTCI) opened higher 10.49% from the last session, before settling in for the closing price of $0.53. Price fluctuations for FTCI have ranged from $0.18 to $1.41 over the past 52 weeks.
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Annual sales at Technology sector company grew by 61.44% over the past five years. Company’s average yearly earnings per share was noted 7.64% at the time writing. With a float of $65.06 million, this company’s outstanding shares have now reached $125.45 million.
Let’s look at the performance matrix of the company that is accounted 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) Insider and Institutional Ownership
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 49.06%, while institutional ownership is 15.86%. The most recent insider transaction that took place on Sep 06 ’24, was worth 49,980. In this transaction Director of this company bought 238,000 shares at a rate of $0.21, taking the stock ownership to the 1,951,046 shares. Before that another transaction happened on Sep 04 ’24, when Company’s Director bought 110,000 for $0.23, making the entire transaction worth $25,300. This insider now owns 1,713,046 shares in total.
FTC Solar Inc (FTCI) Latest Financial update
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted -0.08 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.07) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.04 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 7.64% 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 0.97.
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)
FTC Solar Inc (NASDAQ: FTCI) saw its 5-day average volume 1.07 million, a negative change from its year-to-date volume of 2.64 million. As of the previous 9 days, the stock’s Stochastic %D was 86.10%. Additionally, its Average True Range was 0.06.
During the past 100 days, FTC Solar Inc’s (FTCI) raw stochastic average was set at 79.22%, which indicates a significant increase from 63.60% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 109.13% in the past 14 days, which was lower than the 179.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.3916, while its 200-day Moving Average is $0.4573. Nevertheless, the first resistance level for the watch stands at $0.6117 in the near term. At $0.6344, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.6737. If the price goes on to break the first support level at $0.5497, it is likely to go to the next support level at $0.5104. The third support level lies at $0.4877 if the price breaches the second support level.
FTC Solar Inc (NASDAQ: FTCI) Key Stats
There are currently 125,610K shares outstanding in the company with a market cap of 75.23 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.
