A new trading day began on Monday, with First Solar Inc (NASDAQ: FSLR) stock price up 3.64% from the previous day of trading, before settling in for the closing price of $186.05. FSLR’s price has ranged from $135.88 to $306.77 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 9.81% over the last five years. Meanwhile, its annual earnings per share averaged 70.95%. With a float of $101.34 million, this company’s outstanding shares have now reached $106.85 million.
The firm has a total of 6700 workers. Let’s measure their productivity. 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 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 87.76%. 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) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of 3.25 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 4.07 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 31.00% 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 1.44. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 5.48.
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)
Analysing the last 5-days average volume posted by the [First Solar Inc, FSLR], we can find that recorded value of 2.51 million was lower than the volume posted last year of 2.53 million. As of the previous 9 days, the stock’s Stochastic %D was 32.13%. Additionally, its Average True Range was 10.60.
During the past 100 days, First Solar Inc’s (FSLR) raw stochastic average was set at 21.77%, which indicates a significant decrease from 63.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 66.57% in the past 14 days, which was higher than the 55.17% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $211.82, while its 200-day Moving Average is $206.87. Now, the first resistance to watch is $196.41. This is followed by the second major resistance level at $199.99. The third major resistance level sits at $206.07. If the price goes on to break the first support level at $186.75, it is likely to go to the next support level at $180.67. Should the price break the second support level, the third support level stands at $177.09.
First Solar Inc (NASDAQ: FSLR) Key Stats
With a market capitalization of 21.11 billion, the company has a total of 107,058K Shares Outstanding. Currently, annual sales are 3,319 M while annual income is 830,780 K. The company’s previous quarter sales were 887,670 K while its latest quarter income was 312,960 K.
