A new trading day began on Monday, with FTC Solar Inc (NASDAQ: FTCI) stock price down -7.96% from the previous day of trading, before settling in for the closing price of $10.43. FTCI’s price has ranged from $2.13 to $11.45 over the past 52 weeks.
It was noted that within the last five years, the titan of the Technology sector saw sales slided by -18.48%. Meanwhile, its annual earnings per share averaged 18.63%. With a float of $10.38 million, this company’s outstanding shares have now reached $14.94 million.
FTC Solar Inc (FTCI) Insider Updates
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 30.50%, while institutional ownership is 4.91%. The most recent insider transaction that took place on Apr 02 ’25, was worth 49,048. In this transaction Director of this company bought 16,740 shares at a rate of $2.93, taking the stock ownership to the 1,984,708 shares. Before that another transaction happened on Apr 01 ’25, when Company’s Director bought 16,922 for $2.91, making the entire transaction worth $49,243. This insider now owns 1,967,968 shares in total.
FTC Solar Inc (FTCI) Performance Highlights and Predictions
In its latest quarterly report, released on 12/31/2024, the company reported earnings of -0.8 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 -0.21 per share during the current 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 1.35. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 1.79.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -4.04, a number that is poised to hit -0.31 in the next quarter and is forecasted to reach -0.42 in one year’s time.
Technical Analysis of FTC Solar Inc (FTCI)
The latest stats from [FTC Solar Inc, FTCI] show that its last 5-days average volume of 1.43 million was superior to 0.12 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 75.19%.
During the past 100 days, FTC Solar Inc’s (FTCI) raw stochastic average was set at 75.00%, which indicates a significant increase from 58.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.91 in the past 14 days, which was higher than the 0.59 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $8.06, while its 200-day Moving Average is $5.07. Now, the first resistance to watch is $10.58. This is followed by the second major resistance level at $11.55. The third major resistance level sits at $12.32. If the price goes on to break the first support level at $8.84, it is likely to go to the next support level at $8.07. Assuming the price breaks the second support level, the third support level stands at $7.10.
FTC Solar Inc (NASDAQ: FTCI) Key Stats
With a market capitalization of 143.43 million, the company has a total of 14,940K Shares Outstanding. Currently, annual sales are 47,360 K while annual income is -48,610 K. The company’s previous quarter sales were 19,990 K while its latest quarter income was -15,430 K.
