FTC Solar Inc (NASDAQ: FTCI) kicked off on Friday, down -6.28% from the previous trading day, before settling in for the closing price of $0.71. Over the past 52 weeks, FTCI has traded in a range of $0.18-$1.36.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 61.44%. While this was happening, its average annual earnings per share was recorded 3.39%. With a float of $65.06 million, this company’s outstanding shares have now reached $125.45 million.
Considering the fact that the conglomerate employs 213 people, you should pay attention to its efficiency factor. 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
Our next focus will be how large-scale investors are participating in this stock of the Solar Industry. 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) Recent Fiscal highlights
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported -0.08 earnings per share (EPS), lower than consensus estimate (set at -0.07) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 3.39% per share during the next fiscal year.
FTC Solar Inc (NASDAQ: FTCI) Trading Performance Indicators
Take a look at FTC Solar Inc’s (FTCI) current performance indicators. Last quarter, stock had a quick ratio of 1.14. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.09.
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 -0.11 in one year’s time.
Technical Analysis of FTC Solar Inc (FTCI)
Compared to the last year’s volume of 2.62 million, its volume of 1.84 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 82.51%. Additionally, its Average True Range was 0.07.
During the past 100 days, FTC Solar Inc’s (FTCI) raw stochastic average was set at 86.07%, which indicates a significant increase from 74.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 88.08% in the past 14 days, which was lower than the 180.42% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4339, while its 200-day Moving Average is $0.4586. Nevertheless, the first resistance level for the watch stands at $0.7198 in the near term. At $0.7781, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.8163. If the price goes on to break the first support level at $0.6233, it is likely to go to the next support level at $0.5851. Now, if the price goes above the second support level, the third support stands at $0.5268.
FTC Solar Inc (NASDAQ: FTCI) Key Stats
The company with the Market Capitalisation of 84.47 million has total of 125,610K Shares Outstanding. Its annual sales at the moment are 127,000 K in contrast with the sum of -50,290 K annual income. Company’s last quarter sales were recorded 11,430 K and last quarter income was -12,240 K.
