First Solar Inc [NASDAQ: FSLR] closed the trading session at $294.53.
The stocks have a year to date performance of 70.96 percent and weekly performance of 10.65 percent. The stock has been moved at 102.59 percent over the last six months. The stock has performed 54.16 percent around the most recent 30 days and changed 84.80 percent over the most recent 3-months.
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If compared to the average trading volume of 2.56M shares, FSLR reached to a volume of 4095461 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say about First Solar Inc [FSLR]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FSLR shares is $271.50 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FSLR stock is a recommendation set at 1.58. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Mizuho have made an estimate for First Solar Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on May 30, 2024. The new note on the price target was released on May 29, 2024, representing the official price target for First Solar Inc stock. Previously, the target price had yet another raise to $227, while Evercore ISI analysts kept a Outperform rating on FSLR stock. On April 19, 2024, analysts increased their price target for FSLR shares from 187 to 250.
The Average True Range (ATR) for First Solar Inc is set at 13.89, with the Price to Sales ratio for FSLR stock in the period of the last 12 months amounting to 8.84. The Price to Book ratio for the last quarter was 4.57, with the Price to Cash per share for the same quarter was set at 18.67.
FSLR stock trade performance evaluation
First Solar Inc [FSLR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 10.65. With this latest performance, FSLR shares gained by 54.16% in over the last four-week period, additionally plugging by 102.59% over the last 6 months – not to mention a rise of 53.40% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for FSLR stock in for the last two-week period is set at 78.80, with the RSI for the last a single of trading hit 79.44, and the three-weeks RSI is set at 77.69 for First Solar Inc [FSLR]. The present Moving Average for the last 50 days of trading for this stock 208.24, while it was recorded at 277.64 for the last single week of trading, and 169.75 for the last 200 days.
First Solar Inc [FSLR]: An insightful look at the core fundamentals
First Solar Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.86 and a Current Ratio set at 2.41.
Earnings per share (EPS) analysis for First Solar Inc [FSLR] stock
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for FSLR. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for First Solar Inc go to 58.00%.
First Solar Inc [FSLR]: Institutional Ownership
The top three institutional holders of FSLR stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in FSLR stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in FSLR stock with ownership which is approximately 5.8386%.
