FTC Solar Inc (NASDAQ: FTCI) started the day on Wednesday, with a price increase of 3.60% at $0.66, before settling in for the price of $0.63 at the close. Taking a more long-term approach, FTCI posted a 52-week range of $0.18-$1.36.
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The Technology sector firm’s twelve-monthly sales growth has been 61.44% for the last half of the decade. Meanwhile, its Annual Earning per share during the time was -27.59%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 7.64%. This publicly-traded company’s shares outstanding now amounts to $125.45 million, simultaneously with a float of $65.06 million. The organization now has a market capitalization sitting at $83.76 million. At the time of writing, stock’s 50-day Moving Average stood at $0.4164, while the 200-day Moving Average is $0.4575.
FTC Solar Inc (FTCI) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Solar Industry. FTC Solar Inc’s current insider ownership accounts for 49.06%, in contrast to 15.86% institutional ownership. According to the most recent insider trade that took place on Sep 06 ’24, this organization’s Director bought 238,000 shares at the rate of 0.21, making the entire transaction reach 49,980 in total value, affecting insider ownership by 1,951,046. Preceding that transaction, on Sep 04 ’24, Company’s Director bought 110,000 for 0.23, making the whole transaction’s value amount to 25,300. This particular insider is now the holder of 1,713,046 in total.
FTC Solar Inc (FTCI) Earnings and Revenue Records
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.
FTC Solar Inc’s EPS increase for this current 12-month fiscal period is 7.64% and is forecasted to reach -0.07 in the upcoming year.
FTC Solar Inc (NASDAQ: FTCI) Trading Performance Indicators
Let’s observe the current performance indicators for FTC Solar Inc (FTCI). It’s Quick Ratio in the last reported quarter now stands at 1.14. The Stock has managed to achieve an average true range (ATR) of 0.07. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.08.
In the same vein, FTCI’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.40, a figure that is expected to reach -0.09 in the next quarter, and analysts are predicting that it will be -0.07 at the market close of one year from today.
Technical Analysis of FTC Solar Inc (FTCI)
If we take a close look at the recent performances of FTC Solar Inc (NASDAQ: FTCI), its last 5-days Average volume was 1.77 million that shows plunge from its year to date volume of 2.63 million. During the previous 9 days, stock’s Stochastic %D was recorded 82.16% While, its Average True Range was 0.0672.
Raw Stochastic average of FTC Solar Inc (FTCI) in the period of the previous 100 days is set at 89.44%, which indicates a major rise in contrast to 79.93% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 88.86% that was lower than 179.91% volatility it exhibited in the past 100-days period.
