FTC Solar Inc (NASDAQ: FTCI) on Tuesday, soared 13.69% from the previous trading day, before settling in for the closing price of $3.14. Within the past 52 weeks, FTCI’s price has moved between $1.76 and $8.10.
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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 -8.86%. With a float of $6.98 million, this company’s outstanding shares have now reached $12.77 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 45.40%, while institutional ownership is 9.10%. The most recent insider transaction that took place on Dec 13 ’24, was worth 98,124. In this transaction Chief Executive Officer of this company bought 31,450 shares at a rate of $3.12, taking the stock ownership to the 691,700 shares. Before that another transaction happened on Dec 06 ’24, when Company’s Chief Executive Officer bought 10,250 for $2.98, making the entire transaction worth $30,586. This insider now owns 6,510,250 shares in total.
FTC Solar Inc (FTCI) Performance Highlights and Predictions
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
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 0.80.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.77, a number that is poised to hit -0.77 in the next quarter and is forecasted to reach -1.74 in one year’s time.
Technical Analysis of FTC Solar Inc (FTCI)
FTC Solar Inc (NASDAQ: FTCI) saw its 5-day average volume 0.17 million, a negative change from its year-to-date volume of 0.25 million. As of the previous 9 days, the stock’s Stochastic %D was 55.27%. Additionally, its Average True Range was 0.48.
During the past 100 days, FTC Solar Inc’s (FTCI) raw stochastic average was set at 32.12%, which indicates a significant decrease from 58.28% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 123.73% in the past 14 days, which was lower than the 178.81% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.44, while its 200-day Moving Average is $4.33. Nevertheless, the first resistance level for the watch stands at $3.74 in the near term. At $3.90, the stock is likely to face the second major resistance level. The third major resistance level sits at $4.22. If the price goes on to break the first support level at $3.25, it is likely to go to the next support level at $2.93. Assuming the price breaks the second support level, the third support level stands at $2.76.
FTC Solar Inc (NASDAQ: FTCI) Key Stats
Market capitalization of the company is 45.63 million based on 12,777K outstanding shares. Right now, sales total 127,000 K and income totals -50,290 K. The company made 10,140 K in profit during its latest quarter, and -15,360 K in sales during its previous quarter.
