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Looking Closely at the Growth Curve for FTC Solar Inc. (FTCI)

FTC Solar Inc. (NASDAQ:FTCI) went up by 8.25% from its latest closing price compared to the recent 1-year high of $6.82. The company’s stock price has collected 25.00% of gains in the last five trading sessions. The Wall Street Journal reported on 06/08/21 that Clover Health, Stitch Fix, Coupa Software: What to Watch When the Stock Market Opens Today

Is It Worth Investing in FTC Solar Inc. (NASDAQ :FTCI) Right Now?

Opinions of the stock are interesting as 6 analysts out of 8 who provided ratings for FTC Solar Inc. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 0 as “sell.”

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The average price from analysts is $4.69, which is $1.35 above the current price. FTCI currently public float of 43.98M and currently shorts hold a 13.94% ratio of that float. Today, the average trading volume of FTCI was 1.25M shares.

FTCI’s Market Performance

FTCI stocks went up by 25.00% for the week, with a monthly jump of 31.80% and a quarterly performance of 50.00%, while its annual performance rate touched -28.08%. The volatility ratio for the week stands at 9.11% while the volatility levels for the past 30 days are set at 8.96% for FTC Solar Inc. The simple moving average for the period of the last 20 days is 19.79% for FTCI stocks with a simple moving average of -8.28% for the last 200 days.

Analysts’ Opinion of FTCI

Many brokerage firms have already submitted their reports for FTCI stocks, with Piper Sandler repeating the rating for FTCI by listing it as a “Neutral.” The predicted price for FTCI in the upcoming period, according to Piper Sandler is $3.50 based on the research report published on July 19th of the previous year 2022.

Northland Capital gave a rating of “Outperform” to FTCI, setting the target price at $7 in the report published on May 23rd of the previous year.

FTCI Trading at 27.61% from the 50-Day Moving Average

After a stumble in the market that brought FTCI to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -53.85% of loss for the given period.

Volatility was left at 8.96%, however, over the last 30 days, the volatility rate increased by 9.11%, as shares surge +21.15% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +63.21% upper at present.

During the last 5 trading sessions, FTCI rose by +25.00%, which changed the moving average for the period of 200-days by -35.98% in comparison to the 20-day moving average, which settled at $2.66. In addition, FTC Solar Inc. saw 17.54% in overturn over a single year, with a tendency to cut further gains.

Insider Trading

Reports are indicating that there were more than several insider trading activities at FTCI starting from ARC Family Trust, who sale 100,000 shares at the price of $2.60 back on Jan 17. After this action, ARC Family Trust now owns 15,753,357 shares of FTC Solar Inc., valued at $260,000 using the latest closing price.

Hunkler Sean, the President & CEO of FTC Solar Inc., sale 6,380 shares at $2.72 during a trade that took place back on Jan 13, which means that Hunkler Sean is holding 597,758 shares at $17,354 based on the most recent closing price.

Stock Fundamentals for FTCI

Equity return is now at value -92.70, with -52.30 for asset returns.

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