A new trading day began on Monday, with FTC Solar Inc (NASDAQ: FTCI) stock price up 7.00% from the previous day of trading, before settling in for the closing price of $0.49. FTCI’s price has ranged from $0.18 to $1.00 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 61.44% over the last five years. Meanwhile, its annual earnings per share averaged 3.39%. With a float of $69.97 million, this company’s outstanding shares have now reached $125.45 million.
The firm has a total of 213 workers. Let’s measure their productivity. 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 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 FTC Solar Inc is 45.22%, while institutional ownership is 14.90%. 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) Earnings and Forecasts
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
Here are FTC Solar Inc’s current performance indicators. According to the last quarter’s results, the 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 0.83.
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)
Analysing the last 5-days average volume posted by the [FTC Solar Inc, FTCI], we can find that recorded value of 1.77 million was lower than the volume posted last year of 2.56 million. As of the previous 9 days, the stock’s Stochastic %D was 19.32%. Additionally, its Average True Range was 0.07.
During the past 100 days, FTC Solar Inc’s (FTCI) raw stochastic average was set at 61.22%, which indicates a significant increase from 29.44% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 91.25% in the past 14 days, which was lower than the 180.46% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.4993, while its 200-day Moving Average is $0.4593. Now, the first resistance to watch is $0.5574. This is followed by the second major resistance level at $0.5937. The third major resistance level sits at $0.6574. If the price goes on to break the first support level at $0.4574, it is likely to go to the next support level at $0.3937. Should the price break the second support level, the third support level stands at $0.3574.
FTC Solar Inc (NASDAQ: FTCI) Key Stats
With a market capitalization of 64.32 million, the company has a total of 127,724K Shares Outstanding. Currently, annual sales are 127,000 K while annual income is -50,290 K. The company’s previous quarter sales were 11,430 K while its latest quarter income was -12,240 K.
