FTC Solar Inc [NASDAQ: FTCI] traded at a high on Friday, posting a 5.66 gain after which it closed the day’ session at $0.38.
The results of the trading session contributed to over 12387954 shares changing hands. Over the past one week, the price volatility of FTC Solar Inc stands at 34.28% while the volatility over the past one month is 17.43%.
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The market cap for FTCI stock reached $47.78 million, with 125.45 million shares outstanding and 64.88 million shares in the current float. Compared to the average trading volume of 6.18M shares, FTCI reached a trading volume of 12387954 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about FTC Solar Inc [FTCI]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for FTCI shares is $0.91 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on FTCI stock is a recommendation set at 1.80. 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.
ROTH MKM have made an estimate for FTC Solar Inc shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 14, 2024. The new note on the price target was released on November 09, 2023, representing the official price target for FTC Solar Inc stock. Previously, the target price had yet another drop from $4 to $2.50, while UBS kept a Neutral rating on FTCI stock.
The Average True Range (ATR) for FTC Solar Inc is set at 0.07, with the Price to Sales ratio for FTCI stock in the period of the last 12 months amounting to 0.61. The Price to Book ratio for the last quarter was 1.08, with the Price to Cash per share for the same quarter was set at 0.08.
How has FTCI stock performed recently?
FTC Solar Inc [FTCI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 82.89. With this latest performance, FTCI shares gained by 47.56% in over the last four-week period, additionally sinking by -15.69% over the last 6 months – not to mention a drop of -71.58% 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 FTCI stock in for the last two-week period is set at 59.20, with the RSI for the last a single of trading hit 62.86, and the three-weeks RSI is set at 55.94 for FTC Solar Inc [FTCI]. The present Moving Average for the last 50 days of trading for this stock 0.3231, while it was recorded at 0.3255 for the last single week of trading, and 0.4837 for the last 200 days.
FTC Solar Inc [FTCI]: Deeper insight into the fundamentals
FTC Solar Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.14 and a Current Ratio set at 1.64.
Earnings analysis for FTC Solar Inc [FTCI]
With the latest financial reports released by the company, FTC Solar Inc posted -0.08/share EPS, while the average EPS was predicted by analysts to be reported at -0.07/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -0.01. 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 FTCI.
Insider trade positions for FTC Solar Inc [FTCI]
There are presently around $16.32%, or 28.99%% of FTCI stock, in the hands of institutional investors. The top three institutional holders of FTCI stocks are: MORGAN STANLEY with ownership of 4.35 million shares, which is approximately 3.4662%. VANGUARD GROUP INC, holding 2.45 million shares of the stock with an approximate value of $$0.87 million in FTCI stocks shares; and VANGUARD GROUP INC, currently with $$0.76 million in FTCI stock with ownership which is approximately 1.7158%.
