On Monday, FTC Solar Inc (NASDAQ: FTCI) opened lower -5.92% from the last session, before settling in for the closing price of $0.40. Price fluctuations for FTCI have ranged from $0.18 to $1.00 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
During the last 5-year period, the sales growth of Technology Sector giant was 61.44%. Company’s average yearly earnings per share was noted -8.86% at the time writing. With a float of $70.16 million, this company’s outstanding shares have now reached $125.45 million.
Let’s determine the extent of company efficiency that accounts 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) Breakdown of a Key Holders of the stock
A key investor’s attitude towards the stock of the Solar industry is another important factor to consider. 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) Recent Fiscal highlights
If we go through the results of last quarter, which was made public on 9/30/2024, the company posted -0.08 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at -0.07) by -0.01. Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.06 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -8.86% per share during the next fiscal year.
FTC Solar Inc (NASDAQ: FTCI) Trading Performance Indicators
Check out the current performance indicators for FTC Solar Inc (FTCI). In the past quarter, the stock posted a quick ratio of 0.93. 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 -0.38, a number that is poised to hit -0.08 in the next quarter and is forecasted to reach -0.17 in one year’s time.
Technical Analysis of FTC Solar Inc (FTCI)
Looking closely at FTC Solar Inc (NASDAQ: FTCI), its last 5-days average volume was 1.35 million, which is a drop from its year-to-date volume of 2.5 million. As of the previous 9 days, the stock’s Stochastic %D was 19.47%. Additionally, its Average True Range was 0.06.
During the past 100 days, FTC Solar Inc’s (FTCI) raw stochastic average was set at 36.19%, which indicates a significant increase from 10.02% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 72.80% in the past 14 days, which was lower than the 177.06% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $0.5235, while its 200-day Moving Average is $0.4545. However, in the short run, FTC Solar Inc’s stock first resistance to watch stands at $0.4200. Second resistance stands at $0.4600. The third major resistance level sits at $0.4900. If the price goes on to break the first support level at $0.3500, it is likely to go to the next support level at $0.3200. Now, if the price goes above the second support level, the third support stands at $0.2800.
FTC Solar Inc (NASDAQ: FTCI) Key Stats
There are currently 127,767K shares outstanding in the company with a market cap of 47.49 million. Presently, the company’s annual sales total 127,000 K according to its annual income of -50,290 K. Last quarter, the company’s sales amounted to 10,140 K and its income totaled -15,360 K.
