On Tuesday, First Solar Inc (NASDAQ: FSLR) opened lower -4.19% from the last session, before settling in for the closing price of $195.56. Price fluctuations for FSLR have ranged from $135.88 to $306.77 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 9.81%. Company’s average yearly earnings per share was noted 70.95% at the time writing. With a float of $101.34 million, this company’s outstanding shares have now reached $106.85 million.
The extent of productivity of a business whose workforce counts for 6700 workers is very important to gauge. In terms of profitability, gross margin is 46.42%, operating margin of 35.75%, and the pretax margin is 34.71%.
First Solar Inc (FSLR) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Solar industry is another important factor to consider. The insider ownership of First Solar Inc is 5.34%, while institutional ownership is 87.75%. The most recent insider transaction that took place on Oct 31 ’24, was worth 714,871. In this transaction Chief Technology Officer of this company sold 3,601 shares at a rate of $198.52, taking the stock ownership to the 8,935 shares. Before that another transaction happened on Oct 31 ’24, when Company’s Officer proposed sale 3,601 for $198.52, making the entire transaction worth $714,871.
First Solar Inc (FSLR) Latest Financial update
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted 3.25 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 3.12) by 0.13. Wall Street market experts anticipate that the next fiscal year will bring earnings of 4.07 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 70.95% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 33.00% 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
Check out the current performance indicators for First Solar Inc (FSLR). In the past quarter, the stock posted a quick ratio of 1.44. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.21.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 11.61, a number that is poised to hit 4.82 in the next quarter and is forecasted to reach 20.55 in one year’s time.
Technical Analysis of First Solar Inc (FSLR)
The latest stats from [First Solar Inc, FSLR] show that its last 5-days average volume of 3.26 million was superior to 2.53 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 48.78%. Additionally, its Average True Range was 11.54.
During the past 100 days, First Solar Inc’s (FSLR) raw stochastic average was set at 15.66%, which indicates a significant decrease from 29.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 70.67% in the past 14 days, which was higher than the 56.13% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $215.67, while its 200-day Moving Average is $206.05. Now, the first resistance to watch is $193.15. This is followed by the second major resistance level at $198.93. The third major resistance level sits at $201.93. If the price goes on to break the first support level at $184.36, it is likely to go to the next support level at $181.36. The third support level lies at $175.58 if the price breaches the second support level.
First Solar Inc (NASDAQ: FSLR) Key Stats
There are currently 107,058K shares outstanding in the company with a market cap of 20.06 billion. Presently, the company’s annual sales total 3,319 M according to its annual income of 830,780 K. Last quarter, the company’s sales amounted to 887,670 K and its income totaled 312,960 K.
