A new trading day began on Monday, with FTC Solar Inc (NASDAQ: FTCI) stock price up 14.80% from the previous day of trading, before settling in for the closing price of $2.50. FTCI’s price has ranged from $1.76 to $7.40 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 36.61% over the last five years. Meanwhile, its annual earnings per share averaged 16.71%. With a float of $7.38 million, this company’s outstanding shares have now reached $12.85 million.
In terms of profitability, gross margin is -26.59%, operating margin of -111.56%, and the pretax margin is -102.16%.
FTC Solar Inc (FTCI) 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 FTC Solar Inc is 42.55%, while institutional ownership is 5.29%. 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) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.46 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 16.71% per share during the next fiscal year.
FTC Solar Inc (NASDAQ: FTCI) Trading Performance Indicators
Here are FTC Solar Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.16. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.78.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -3.83, a number that is poised to hit -0.87 in the next quarter and is forecasted to reach -2.55 in one year’s time.
Technical Analysis of FTC Solar Inc (FTCI)
Analysing the last 5-days average volume posted by the [FTC Solar Inc, FTCI], we can find that recorded value of 0.19 million was better than the volume posted last year of 97493.0. As of the previous 9 days, the stock’s Stochastic %D was 23.93%. Additionally, its Average True Range was 0.31.
During the past 100 days, FTC Solar Inc’s (FTCI) raw stochastic average was set at 13.43%, which indicates a significant decrease from 49.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 96.03% in the past 14 days, which was lower than the 101.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $3.24, while its 200-day Moving Average is $3.93. Now, the first resistance to watch is $3.44. This is followed by the second major resistance level at $4.00. The third major resistance level sits at $4.57. If the price goes on to break the first support level at $2.31, it is likely to go to the next support level at $1.74. Should the price break the second support level, the third support level stands at $1.18.
FTC Solar Inc (NASDAQ: FTCI) Key Stats
With a market capitalization of 36.89 million, the company has a total of 12,854K Shares Outstanding. Currently, annual sales are 127,000 K while annual income is -50,290 K. The company’s previous quarter sales were 10,140 K while its latest quarter income was -15,360 K.
