First Solar Inc [NASDAQ: FSLR] jumped around 7.34 points on Monday, while shares priced at $212.28 at the close of the session, up 3.58%.
Compared to the average trading volume of 2.17M shares, FSLR reached a trading volume of 5898519 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus 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 $282.66 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 1.51. 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.
Janney have made an estimate for First Solar Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 29, 2024. While these analysts kept the previous recommendation, Citigroup raised their target price from $200 to $254. The new note on the price target was released on October 22, 2024, representing the official price target for First Solar Inc stock. Previously, the target price had yet another raise to $300, while Truist analysts kept a Buy rating on FSLR stock.
The Average True Range (ATR) for First Solar Inc is set at 9.90, with the Price to Sales ratio for FSLR stock in the period of the last 12 months amounting to 6.22. The Price to Book ratio for the last quarter was 2.99, with the Price to Cash per share for the same quarter was set at 11.33.
How has FSLR stock performed recently?
First Solar Inc [FSLR] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 3.54. With this latest performance, FSLR shares dropped by -8.16% in over the last four-week period, additionally plugging by 9.53% over the last 6 months – not to mention a rise of 43.83% 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 51.51, with the RSI for the last a single of trading hit 57.51, and the three-weeks RSI is set at 49.21 for First Solar Inc [FSLR]. The present Moving Average for the last 50 days of trading for this stock 221.38, while it was recorded at 201.77 for the last single week of trading, and 203.52 for the last 200 days.
First Solar Inc [FSLR]: Deeper insight into the fundamentals
First Solar Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.44 and a Current Ratio set at 2.14.
Earnings analysis for First Solar Inc [FSLR]
With the latest financial reports released by the company, First Solar Inc posted 3.25/share EPS, while the average EPS was predicted by analysts to be reported at 3.13/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.12. 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 31.00%.
Insider trade positions for First Solar Inc [FSLR]
There are presently around $90.11%, or 95.29%% of FSLR stock, in the hands of institutional investors. The top three institutional holders of FSLR stocks are: VANGUARD GROUP INC with ownership of 12.49 million shares, which is approximately 11.6863%. BLACKROCK INC., holding 11.32 million shares of the stock with an approximate value of $$2.55 billion in FSLR stocks shares; and BLACKROCK INC., currently with $$9.74 million in FSLR stock with ownership which is approximately 7.174%.
