First Solar Inc. (NASDAQ:FSLR) went down by -0.52% from its latest closing price compared to the recent 1-year high of $123.12. The company’s stock price has collected -19.64% of loss in the last five trading sessions. The Wall Street Journal reported on 03/02/22 that SoFi Technologies, AMC, Salesforce, Snowflake: What to Watch in the Stock Market Today
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 30.47 x from its present earnings ratio. Plus, the 36-month beta value for FSLR is at 1.37. Opinions of the stock are interesting as 4 analysts out of 23 who provided ratings for First Solar Inc. declared the stock was a “buy,” while 1 rated the stock as “overweight,” 15 rated it as “hold,” and 2 as “sell.”
The average price from analysts is $79.60, which is $23.78 above the current price. FSLR currently public float of 93.84M and currently shorts hold a 4.18% ratio of that float. Today, the average trading volume of FSLR was 1.76M shares.
FSLR’s Market Performance
FSLR stocks went down by -19.64% for the week, with a monthly drop of -22.38% and a quarterly performance of -13.79%, while its annual performance rate touched -11.74%. The volatility ratio for the week stands at 6.66% while the volatility levels for the past 30 days are set at 4.66% for First Solar Inc.. The simple moving average for the period of the last 20 days is -16.68% for FSLR stocks with a simple moving average of -31.06% for the last 200 days.
Analysts’ Opinion of FSLR
Many brokerage firms have already submitted their reports for FSLR stocks, with BofA Securities repeating the rating for FSLR by listing it as a “Underperform.” The predicted price for FSLR in the upcoming period, according to BofA Securities is $65.50 based on the research report published on April 05th of the current year 2022.
Wolfe Research, on the other hand, stated in their research note that they expect to see FSLR reach a price target of $65, previously predicting the price at $75. The rating they have provided for FSLR stocks is “Peer Perform” according to the report published on March 02nd, 2022.
UBS gave a rating of “Neutral” to FSLR, setting the target price at $76 in the report published on March 02nd of the current year.
FSLR Trading at -19.56% 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 -50.13% of loss for the given period.
Volatility was left at 4.66%, however, over the last 30 days, the volatility rate increased by 6.66%, as shares sank -22.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -11.67% lower at present.
During the last 5 trading sessions, FSLR fell by -19.64%, which changed the moving average for the period of 200-days by -26.45% in comparison to the 20-day moving average, which settled at $72.78. In addition, First Solar Inc. saw -29.55% in overturn over a single year, with a tendency to cut further losses.
Reports are indicating that there were more than several insider trading activities at FSLR starting from Widmar Mark R, who sale 13,648 shares at the price of $75.28 back on May 06. After this action, Widmar Mark R now owns 114,100 shares of First Solar Inc., valued at $1,027,421 using the latest closing price.
KENNEDY R CRAIG, the Director of First Solar Inc., sale 600 shares at $77.85 during a trade that took place back on Apr 18, which means that KENNEDY R CRAIG is holding 21,597 shares at $46,710 based on the most recent closing price.
Stock Fundamentals for FSLR
Current profitability levels for the company are sitting at:
- +15.74 for the present operating margin
- +24.96 for the gross margin
The net margin for First Solar Inc. stands at +16.03. Equity return is now at value 3.70, with 2.90 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 4.39.