The stock of First Solar Inc (FSLR) has gone down by -6.00% for the week, with a 17.77% rise in the past month and a 16.45% rise in the past quarter. The volatility ratio for the week is 3.89%, and the volatility levels for the past 30 days are 3.70% for FSLR. The simple moving average for the past 20 days is 3.90% for FSLR’s stock, with a 4.95% simple moving average for the past 200 days.
Is It Worth Investing in First Solar Inc (NASDAQ: FSLR) Right Now?
First Solar Inc (NASDAQ: FSLR) has a price-to-earnings ratio of 22.46x that is above its average ratio. Additionally, the 36-month beta value for FSLR is 1.37. There are mixed opinions on the stock, with 6 analysts rating it as a “buy,” 3 rating it as “overweight,” 8 rating it as “hold,” and 0 rating it as “sell.”
The public float for FSLR is 100.26M and currently, short sellers hold a 4.76% ratio of that float. The average trading volume of FSLR on April 16, 2024 was 2.15M shares.
FSLR) stock’s latest price update
First Solar Inc (NASDAQ: FSLR)’s stock price has dropped by -1.33 in relation to previous closing price of 175.96. Nevertheless, the company has seen a loss of -6.00% in its stock price over the last five trading days. InvestorPlace reported 2024-04-15 that The CHIPS and Science Act of 2022 and the Defense Production Act are two examples of why renewable energy stocks can make a comeback, thanks to increasing regulatory activity as we move into the next U.S. election cycle. The iShares Global Clean Energy ETF (NASDAQ: ICLN ) is down around 11% this year, but both the Republican and Democrat camps can lead to a revival thanks to new policy proposals coming to light.
Analysts’ Opinion of FSLR
Many brokerage firms have already submitted their reports for FSLR stocks, with Janney repeating the rating for FSLR by listing it as a “Buy.” The predicted price for FSLR in the upcoming period, according to Janney is $236 based on the research report published on April 12, 2024 of the current year 2024.
RBC Capital Mkts, on the other hand, stated in their research note that they expect to see FSLR reach a price target of $195. The rating they have provided for FSLR stocks is “Outperform” according to the report published on February 14th, 2024.
Wells Fargo gave a rating of “Equal Weight” to FSLR, setting the target price at $187 in the report published on January 08th of the current year.
FSLR Trading at 9.84% 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 -25.16% of loss for the given period.
Volatility was left at 3.70%, however, over the last 30 days, the volatility rate increased by 3.89%, as shares surge +15.96% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +22.22% upper at present.
During the last 5 trading sessions, FSLR fell by -6.15%, which changed the moving average for the period of 200-days by -5.80% in comparison to the 20-day moving average, which settled at $168.30. In addition, First Solar Inc saw 0.78% 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 FSLR starting from ANTOUN GEORGES, who sale 2,400 shares at the price of $176.00 back on Apr 04 ’24. After this action, ANTOUN GEORGES now owns 37,412 shares of First Solar Inc, valued at $422,400 using the latest closing price.
Gloeckler Markus, the Chief Technology Officer of First Solar Inc, sale 1,937 shares at $175.00 during a trade that took place back on Apr 04 ’24, which means that Gloeckler Markus is holding 12,536 shares at $338,975 based on the most recent closing price.
Stock Fundamentals for FSLR
Current profitability levels for the company are sitting at:
- 0.27 for the present operating margin
- 0.39 for the gross margin
The net margin for First Solar Inc stands at 0.25. The total capital return value is set at 0.1. Equity return is now at value 13.27, with 8.93 for asset returns.
Based on First Solar Inc (FSLR), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at 0.96. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is 68.0.
Currently, EBITDA for the company is 1.26 billion with net debt to EBITDA at -1.05. When we switch over and look at the enterprise to sales, we see a ratio of 5.22. The receivables turnover for the company is 2.36for trailing twelve months and the total asset turnover is 0.32. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.55.
Conclusion
In conclusion, First Solar Inc (FSLR) has seen mixed performance in recent times. Analysts have a mixed 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.
