A new trading day began on Monday, with First Solar Inc (NASDAQ: FSLR) stock price up 3.31% from the previous day of trading, before settling in for the closing price of $198.47. FSLR’s price has ranged from $129.21 to $306.77 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 9.81%. Meanwhile, its annual earnings per share averaged 73.94%. With a float of $101.33 million, this company’s outstanding shares have now reached $106.85 million.
Let’s determine the extent of company efficiency that accounts for 6700 employees. 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 Activity
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 5.34%, while institutional ownership is 87.43%. 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) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of 2.5 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 4.81 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 73.94% 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 5.83.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 11.20, a number that is poised to hit 3.11 in the next quarter and is forecasted to reach 21.09 in one year’s time.
Technical Analysis of First Solar Inc (FSLR)
Looking closely at First Solar Inc (NASDAQ: FSLR), its last 5-days average volume was 2.82 million, which is a jump from its year-to-date volume of 2.39 million. As of the previous 9 days, the stock’s Stochastic %D was 50.67%. Additionally, its Average True Range was 8.74.
During the past 100 days, First Solar Inc’s (FSLR) raw stochastic average was set at 12.26%, which indicates a significant decrease from 37.24% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 54.81% in the past 14 days, which was lower than the 55.19% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $223.61, while its 200-day Moving Average is $202.22. However, in the short run, First Solar Inc’s stock first resistance to watch stands at $207.38. Second resistance stands at $209.74. The third major resistance level sits at $213.55. If the price goes on to break the first support level at $201.21, it is likely to go to the next support level at $197.40. Should the price break the second support level, the third support level stands at $195.04.
First Solar Inc (NASDAQ: FSLR) Key Stats
With a market capitalization of 21.95 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.
