First Solar Inc (NASDAQ: FSLR) on Monday, plunged -4.58% from the previous trading day, before settling in for the closing price of $199.67. Within the past 52 weeks, FSLR’s price has moved between $135.88 and $306.77.
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During the last 5-year period, the sales growth of Technology Sector giant was 9.81%. The company achieved an average annual earnings per share of 70.84%. With a float of $99.72 million, this company’s outstanding shares have now reached $107.06 million.
Let’s determine the extent of company efficiency that accounts for 6700 employees. 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
Observing investor behavior towards Solar industry stocks is more important than anything else. The insider ownership of First Solar Inc is 6.85%, while institutional ownership is 87.98%. 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
According to the Wall Street analysts, stocks earnings will be around 70.84% 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
First Solar Inc (FSLR) is currently performing well based on its current performance indicators. A quick ratio of 1.44 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 5.39.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 11.61, a number that is poised to hit 4.83 in the next quarter and is forecasted to reach 20.59 in one year’s time.
Technical Analysis of First Solar Inc (FSLR)
Looking closely at First Solar Inc (NASDAQ: FSLR), its last 5-days average volume was 1.89 million, which is a drop from its year-to-date volume of 2.51 million. As of the previous 9 days, the stock’s Stochastic %D was 21.24%. Additionally, its Average True Range was 9.13.
During the past 100 days, First Solar Inc’s (FSLR) raw stochastic average was set at 19.21%, which indicates a significant increase from 13.52% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.62% in the past 14 days, which was lower than the 53.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $199.49, while its 200-day Moving Average is $210.15. However, in the short run, First Solar Inc’s stock first resistance to watch stands at $196.24. Second resistance stands at $201.94. The third major resistance level sits at $204.96. If the price goes on to break the first support level at $187.52, it is likely to go to the next support level at $184.50. Should the price break the second support level, the third support level stands at $178.80.
First Solar Inc (NASDAQ: FSLR) Key Stats
Market capitalization of the company is 20.75 billion based on 107,058K outstanding shares. Right now, sales total 3,319 M and income totals 830,780 K. The company made 887,670 K in profit during its latest quarter, and 312,960 K in sales during its previous quarter.
