First Solar Inc. (NASDAQ:FSLR) went up by 0.67% from its latest closing price compared to the recent 1-year high of $81.87. The company’s stock price has collected 6.74% of gains in the last five trading sessions. Press Release reported on 09/23/20 that JP Energie Environnement Selects Lowest Carbon First Solar Modules for Labarde Project
Is It Worth Investing in First Solar Inc. (NASDAQ :FSLR) Right Now?
First Solar Inc. (NASDAQ:FSLR) scored a price-to-earnings ratio above its average ratio, recording 71.65 x from its present earnings ratio. Plus, the 36-month beta value for FSLR is at 1.58. Opinions of the stock are interesting as 7 analysts out of 16 who provided ratings for First Solar Inc. declared the stock was a “buy,” while 2 rated the stock as “overweight,” 5 rated it as “hold,” and 2 as “sell.”
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The average price from analysts is $70.18, which is $2.54 above the current price. FSLR currently public float of 93.31M and currently shorts hold a 10.09% ratio of that float. Today, the average trading volume of FSLR was 1.89M shares.
FSLR’s Market Performance
FSLR stocks went up by 6.74% for the week, with a monthly drop of -13.57% and a quarterly performance of 34.85%, while its annual performance rate touched 17.63%. The volatility ratio for the week stands at 3.62% while the volatility levels for the past 30 days are set at 4.18% for First Solar Inc.. The simple moving average for the period of the last 20 days is -2.94% for FSLR stocks with a simple moving average of 24.64% for the last 200 days.
Analysts’ Opinion of FSLR
ROTH Capital, on the other hand, stated in their research note that they expect to see FSLR reach a price target of $56, previously predicting the price at $55. The rating they have provided for FSLR stocks is “Neutral” according to the report published on July 27th, 2020.
FSLR Trading at -3.89% from the 50-Day Moving Average
After a stumble in the market that brought FSLR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -19.14% of loss for the given period.
Volatility was left at 4.18%, however, over the last 30 days, the volatility rate increased by 3.62%, as shares sank -15.58% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +8.99% upper at present.
During the last 5 trading sessions, FSLR rose by +6.74%, which changed the moving average for the period of 200-days by +20.41% in comparison to the 20-day moving average, which settled at $67.59. In addition, First Solar Inc. saw 18.30% in overturn over a single year, with a tendency to cut further gains.
Reports are indicating that there were more than several insider trading activities at FSLR starting from Walton Lukas T, who sale 8,649,074 shares at the price of $68.50 back on Sep 21. After this action, Walton Lukas T now owns 13,841,358 shares of First Solar Inc., valued at $592,461,569 using the latest closing price.
KENNEDY R CRAIG, the Director of First Solar Inc., sale 550 shares at $72.56 during a trade that took place back on Sep 15, which means that KENNEDY R CRAIG is holding 28,029 shares at $39,908 based on the most recent closing price.
Stock Fundamentals for FSLR
Current profitability levels for the company are sitting at:
- +8.02 for the present operating margin
- +17.88 for the gross margin
The net margin for First Solar Inc. stands at -3.75. The total capital return value is set at 4.32, while invested capital returns managed to touch -2.03. Equity return is now at value 1.90, with 1.40 for asset returns.
Based on First Solar Inc. (FSLR), the company’s capital structure generated 11.68 points at debt to equity in total, while total debt to capital is 10.46. Total debt to assets is 7.92, with long-term debt to equity ratio resting at 11.12. Finally, the long-term debt to capital ratio is 9.96.
Currently, EBITDA for the company is 119.92M with total debt to EBITDA at 1.05. When we switch over and look at the enterprise to sales, we see a ratio of 1.41, with the company’s debt to enterprise value settled at 0.14. The receivables turnover for the company is 4.62 and the total asset turnover is 0.42. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.73.