In the past week, FSLR stock has gone up by 10.42%, with a monthly gain of 8.62% and a quarterly surge of 37.96%. The volatility ratio for the week is 4.25%, and the volatility levels for the last 30 days are 3.89% for First Solar Inc The simple moving average for the last 20 days is 8.11% for FSLR stock, with a simple moving average of 18.41% for the last 200 days.
Is It Worth Investing in First Solar Inc (NASDAQ: FSLR) Right Now?
The price-to-earnings ratio for First Solar Inc (NASDAQ: FSLR) is 20.41x, which is above its average ratio. Moreover, the 36-month beta value for FSLR is 1.38. Analysts have varying opinions on the stock, with 6 analysts rating it as a “buy,” 3 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for FSLR is 100.97M and currently, short sellers hold a 4.78% of that float. On May 08, 2024, FSLR’s average trading volume was 2.17M shares.
FSLR) stock’s latest price update
First Solar Inc (NASDAQ: FSLR) has seen a rise in its stock price by 0.44 in relation to its previous close of 193.81. However, the company has experienced a 10.42% gain in its stock price over the last five trading sessions. The Motley Fool reported 2024-05-07 that First Solar’s position in the market isn’t as strong as it once was.
Analysts’ Opinion of FSLR
Many brokerage firms have already submitted their reports for FSLR stocks, with Evercore ISI repeating the rating for FSLR by listing it as a “Outperform.” The predicted price for FSLR in the upcoming period, according to Evercore ISI is $227 based on the research report published on April 23, 2024 of the current year 2024.
Wells Fargo, on the other hand, stated in their research note that they expect to see FSLR reach a price target of $250, previously predicting the price at $187. The rating they have provided for FSLR stocks is “Overweight” according to the report published on April 19th, 2024.
FSLR Trading at 16.52% 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 -16.09% of loss for the given period.
Volatility was left at 3.89%, however, over the last 30 days, the volatility rate increased by 4.25%, as shares surge +5.40% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +34.65% upper at present.
During the last 5 trading sessions, FSLR rose by +10.42%, which changed the moving average for the period of 200-days by -1.64% in comparison to the 20-day moving average, which settled at $180.57. In addition, First Solar Inc saw 13.00% 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 KENNEDY R CRAIG, who sale 2,000 shares at the price of $196.73 back on May 06 ’24. After this action, KENNEDY R CRAIG now owns 13,908 shares of First Solar Inc, valued at $393,456 using the latest closing price.
ANTOUN GEORGES, the Chief Commercial Officer of First Solar Inc, sale 2,400 shares at $176.00 during a trade that took place back on Apr 04 ’24, which means that ANTOUN GEORGES is holding 37,412 shares at $422,400 based on the most recent closing price.
Stock Fundamentals for FSLR
Current profitability levels for the company are sitting at:
- 0.31 for the present operating margin
- 0.43 for the gross margin
The net margin for First Solar Inc stands at 0.29. The total capital return value is set at 0.12. Equity return is now at value 16.05, with 10.61 for asset returns.
Based on First Solar Inc (FSLR), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at 1.44. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is 51.13.
Currently, EBITDA for the company is 1.26 billion with net debt to EBITDA at -0.68. When we switch over and look at the enterprise to sales, we see a ratio of 5.56. The receivables turnover for the company is 3.71for trailing twelve months and the total asset turnover is 0.33. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.41.
Conclusion
To wrap up, the performance of First Solar Inc (FSLR) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
