FTC Solar Inc (NASDAQ: FTCI) has experienced a rise in its stock price by 16.45 compared to its previous closing price of 0.47. However, the company has seen a gain of 26.60% in its stock price over the last five trading days. InvestorPlace reported 2024-04-11 that Speculative penny stocks: we all love them and they’re super dangerous. You “invest” at your own risk, let me be 100% clear about that.
Is It Worth Investing in FTC Solar Inc (NASDAQ: FTCI) Right Now?
Company’s 36-month beta value is 1.63.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for FTCI is 55.73M, and currently, short sellers hold a 16.80% ratio of that floaft. The average trading volume of FTCI on May 06, 2024 was 727.64K shares.
FTCI’s Market Performance
FTCI’s stock has seen a 26.60% increase for the week, with a 0.78% rise in the past month and a 7.42% gain in the past quarter. The volatility ratio for the week is 14.14%, and the volatility levels for the past 30 days are at 12.30% for FTC Solar Inc The simple moving average for the past 20 days is 20.25% for FTCI’s stock, with a -50.29% simple moving average for the past 200 days.
Analysts’ Opinion of FTCI
Northland Capital, on the other hand, stated in their research note that they expect to see FTCI reach a price target of $0.65. The rating they have provided for FTCI stocks is “Market Perform” according to the report published on November 09th, 2023.
UBS gave a rating of “Neutral” to FTCI, setting the target price at $2.50 in the report published on August 15th of the previous year.
FTCI Trading at 12.00% 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 -85.97% of loss for the given period.
Volatility was left at 12.30%, however, over the last 30 days, the volatility rate increased by 14.14%, as shares sank -1.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.86% upper at present.
During the last 5 trading sessions, FTCI rose by +26.60%, which changed the moving average for the period of 200-days by -83.74% in comparison to the 20-day moving average, which settled at $0.4511. In addition, FTC Solar Inc saw -21.62% 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 97,400 shares at the price of $0.51 back on Mar 26 ’24. After this action, Chatila Ahmad R now owns 967,458 shares of FTC Solar Inc, valued at $49,674 using the latest closing price.
Chatila Ahmad R, the Director of FTC Solar Inc, purchase 92,600 shares at $0.55 during a trade that took place back on Mar 22 ’24, which means that Chatila Ahmad R is holding 870,058 shares at $50,930 based on the most recent closing price.
Stock Fundamentals for FTCI
Current profitability levels for the company are sitting at:
- -0.4 for the present operating margin
- 0.07 for the gross margin
The net margin for FTC Solar Inc stands at -0.4. The total capital return value is set at -0.74. Equity return is now at value -78.02, with -39.07 for asset returns.
Based on FTC Solar Inc (FTCI), the company’s capital structure generated 0.03 points at debt to capital in total, while cash flow to debt ratio is standing at -28.25. The debt to equity ratio resting at 0.03. The interest coverage ratio of the stock is -200.7.
Currently, EBITDA for the company is -49.4 million with net debt to EBITDA at 0.47. When we switch over and look at the enterprise to sales, we see a ratio of 0.35. The receivables turnover for the company is 1.95for trailing twelve months and the total asset turnover is 1.03. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.98.
Conclusion
In a nutshell, FTC Solar Inc (FTCI) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
