FTC Solar Inc (NASDAQ: FTCI) on Monday, plunged -4.43% from the previous trading day, before settling in for the closing price of $0.42. Within the past 52 weeks, FTCI’s price has moved between $0.18 and $1.00.
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Annual sales at Technology sector company grew by 61.44% over the past five years. The company achieved an average annual earnings per share of -16.09%. With a float of $70.16 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 -14.06%, operating margin of -89.16%, and the pretax margin is -83.28%.
FTC Solar Inc (FTCI) Insider Updates
Observing investor behavior towards Solar industry stocks is more important than anything else. The insider ownership of FTC Solar Inc is 45.09%, while institutional ownership is 9.11%. 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) Performance Highlights and Predictions
As on 9/30/2024, Multinational firm has announced its last quarter scores, in which it reported -0.08 earnings per share (EPS) for the period falling under the consensus outlook (set at -0.07) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -16.09% per share during the next fiscal year.
FTC Solar Inc (NASDAQ: FTCI) Trading Performance Indicators
FTC Solar Inc (FTCI) is currently performing well based on its current performance indicators. A quick ratio of 0.93 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.86.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.38, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach -0.19 in one year’s time.
Technical Analysis of FTC Solar Inc (FTCI)
FTC Solar Inc (NASDAQ: FTCI) saw its 5-day average volume 1.16 million, a negative change from its year-to-date volume of 2.53 million. As of the previous 9 days, the stock’s Stochastic %D was 16.02%. Additionally, its Average True Range was 0.07.
During the past 100 days, FTC Solar Inc’s (FTCI) raw stochastic average was set at 40.27%, which indicates a significant increase from 7.42% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 87.40% in the past 14 days, which was lower than the 181.18% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.5210, while its 200-day Moving Average is $0.4570. Nevertheless, the first resistance level for the watch stands at $0.4287 in the near term. At $0.4544, the stock is likely to face the second major resistance level. The third major resistance level sits at $0.4727. If the price goes on to break the first support level at $0.3847, it is likely to go to the next support level at $0.3664. Assuming the price breaks the second support level, the third support level stands at $0.3407.
FTC Solar Inc (NASDAQ: FTCI) Key Stats
Market capitalization of the company is 49.34 million based on 127,767K outstanding shares. Right now, sales total 127,000 K and income totals -50,290 K. The company made 11,430 K in profit during its latest quarter, and -12,240 K in sales during its previous quarter.
