FTC Solar Inc [NASDAQ: FTCI] price surged by 49.19 percent to reach at $3.66.
A sum of 5426706 shares traded at recent session while its average daily volume was at 63.40K shares. FTC Solar Inc shares reached a high of $11.4 and dropped to a low of $8.85 until finishing in the latest session at $11.1.
The one-year FTCI stock forecast points to a potential downside of -23.33. The average equity rating for FTCI stock is currently 2.00, trading closer to a bullish pattern in the stock market.
Guru’s Opinion on 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 $9.00 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 2.00. 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.
FTCI Stock Performance Analysis:
FTC Solar Inc [FTCI] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 29.98. With this latest performance, FTCI shares gained by 35.86% in over the last four-week period, additionally plugging by 170.73% over the last 6 months – not to mention a rise of 101.45% 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 68.12, with the RSI for the last a single of trading hit 1.05, and the three-weeks RSI is set at 0.81 for FTC Solar Inc [FTCI]. The present Moving Average for the last 50 days of trading for this stock 7.81, while it was recorded at 8.46 for the last single week of trading, and 4.97 for the last 200 days.
Insight into FTC Solar Inc Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and FTC Solar Inc [FTCI] shares currently have an operating margin of -53.97% and a Gross Margin at -12.01%. FTC Solar Inc’s Net Margin is presently recorded at -69.25%.
FTC Solar Inc (FTCI) Capital Structure & Debt Analysis
According to recent financial data for FTC Solar Inc. ( FTCI), the Return on Equity (ROE) stands at -664.69%, highlighting a negative impact on investor capital. The Return on Assets (ROA) is -54.54%, reflecting the company’s efficiency in generating profits from its assets. Additionally, FTC Solar Inc’s Return on Invested Capital (ROIC) is -1583.94%, showcasing its effectiveness in deploying capital for earnings.
FTC Solar Inc (FTCI) Efficiency & Liquidity Metrics
FTC Solar Inc (FTCI) Efficiency & Liquidity Metrics
From an operational efficiency perspective, FTC Solar Inc. (FTCI) effectively leverages its workforce, generating an average of -$274356.44 per employee. The company’s liquidity position is robust, with a Current Ratio of 1.66% and a Quick Ratio of 1.53%, indicating strong ability to cover short-term liabilities.
FTCI Stock EPS
With the latest financial reports released by the company, FTC Solar Inc posted -0.8/share EPS, while the average EPS was predicted by analysts to be reported at -0.84/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.04. 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.
FTC Solar Inc [FTCI] Institutonal Ownership Details
There are presently around $4.99%, or 7.60%% 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 3.4496%. 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 0.1708%.
