Additionally, the 36-month beta value for FTCI is 1.60. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 0 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”

The average price predicted by analysts for FTCI is $1.29, which is $0.78 above the current price. The public float for FTCI is 53.28M and currently, short sellers hold a 15.64% ratio of that float. The average trading volume of FTCI on November 17, 2023 was 2.23M shares.

FTCI) stock’s latest price update

The stock price of FTC Solar Inc (NASDAQ: FTCI) has plunged by -1.74 when compared to previous closing price of 0.52, but the company has seen a 13.08% gain in its stock price over the last five trading sessions. PennyStocks reported 2023-11-15 that Penny stocks are often priced under $5 per share. They attract traders seeking big gains.

FTCI’s Market Performance

FTC Solar Inc (FTCI) has seen a 13.08% rise in stock performance for the week, with a -62.34% decline in the past month and a -73.66% plunge in the past quarter. The volatility ratio for the week is 14.49%, and the volatility levels for the past 30 days are at 19.10% for FTCI. The simple moving average for the past 20 days is -47.66% for FTCI’s stock, with a -78.30% simple moving average for the past 200 days.

Analysts’ Opinion of FTCI

Many brokerage firms have already submitted their reports for FTCI stocks, with Northland Capital repeating the rating for FTCI by listing it as a “Market Perform.” The predicted price for FTCI in the upcoming period, according to Northland Capital is $0.65 based on the research report published on November 09, 2023 of the current year 2023.

FTCI Trading at -57.69% 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 -86.86% of loss for the given period.

Volatility was left at 19.10%, however, over the last 30 days, the volatility rate increased by 14.49%, as shares sank -61.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -70.78% lower at present.

During the last 5 trading sessions, FTCI rose by +13.08%, which changed the moving average for the period of 200-days by -81.97% in comparison to the 20-day moving average, which settled at $0.9311. In addition, FTC Solar Inc saw -81.03% in overturn over a single year, with a tendency to cut further losses.

Insider Trading

Reports are indicating that there were more than several insider trading activities at FTCI starting from Chatila Ahmad R, who purchase 213,030 shares at the price of $0.47 back on Nov 14. After this action, Chatila Ahmad R now owns 554,648 shares of FTC Solar Inc, valued at $100,124 using the latest closing price.

Aminpour Sasan, the Chief Operating Officer of FTC Solar Inc, purchase 220,000 shares at $0.44 during a trade that took place back on Nov 09, which means that Aminpour Sasan is holding 1,429,724 shares at $96,800 based on the most recent closing price.

Stock Fundamentals for FTCI

Current profitability levels for the company are sitting at:

• -80.91 for the present operating margin
• -22.64 for the gross margin

The net margin for FTC Solar Inc stands at -80.94. The total capital return value is set at -93.80, while invested capital returns managed to touch -94.22. Equity return is now at value -76.62, with -41.87 for asset returns.

Based on FTC Solar Inc (FTCI), the company’s capital structure generated 1.81 points at debt to equity in total, while total debt to capital is 1.78. Total debt to assets is 0.90, with long-term debt to equity ratio resting at 1.18. Finally, the long-term debt to capital ratio is 1.16.

When we switch over and look at the enterprise to sales, we see a ratio of 0.17, with the company’s debt to enterprise value settled at 0.01. The receivables turnover for the company is 1.57 and the total asset turnover is 0.65. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.97.

Conclusion

In conclusion, FTC Solar Inc (FTCI) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.