First Solar Inc (NASDAQ: FSLR) has a price-to-earnings ratio that is above its average at 27.40x. The stock has a 36-month beta value of 1.47. Opinions on the stock are mixed, with 6 analysts rating it as a “buy,” 3 as “overweight,” 8 as “hold,” and 0 as “sell.”
The public float for FSLR is 101.05M, and at present, short sellers hold a 5.57% of that float. On June 17, 2024, the average trading volume of FSLR was 2.65M shares.
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FSLR) stock’s latest price update
The stock of First Solar Inc (NASDAQ: FSLR) has decreased by -4.49 when compared to last closing price of 273.61. Despite this, the company has experienced a -6.60% fall in its stock price over the last five trading sessions. fool.com reported 2024-06-15 that Shares are on fire, but have they gone too far?
FSLR’s Market Performance
FSLR’s stock has fallen by -6.60% in the past week, with a monthly rise of 34.27% and a quarterly rise of 74.82%. The volatility ratio for the week is 6.22% while the volatility levels for the last 30 days are 6.17% for First Solar Inc The simple moving average for the past 20 days is -1.09% for FSLR’s stock, with a 52.46% simple moving average for the past 200 days.
Analysts’ Opinion of FSLR
Many brokerage firms have already submitted their reports for FSLR stocks, with Mizuho repeating the rating for FSLR by listing it as a “Neutral.” The predicted price for FSLR in the upcoming period, according to Mizuho is $274 based on the research report published on May 30, 2024 of the current year 2024.
DZ Bank, on the other hand, stated in their research note that they expect to see FSLR reach a price target of $270. The rating they have provided for FSLR stocks is “Hold” according to the report published on May 29th, 2024.
Evercore ISI gave a rating of “Outperform” to FSLR, setting the target price at $227 in the report published on April 23rd of the current year.
FSLR Trading at 21.29% 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 -14.82% of loss for the given period.
Volatility was left at 6.17%, however, over the last 30 days, the volatility rate increased by 6.22%, as shares surge +33.54% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +51.12% upper at present.
During the last 5 trading sessions, FSLR fell by -5.70%, which changed the moving average for the period of 200-days by +42.66% in comparison to the 20-day moving average, which settled at $267.52. In addition, First Solar Inc saw 51.68% 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 Widmar Mark R, who sale 36,692 shares at the price of $273.26 back on Jun 03 ’24. After this action, Widmar Mark R now owns 81,861 shares of First Solar Inc, valued at $10,026,456 using the latest closing price.
Dymbort Jason E., the General Counsel and Secretary of First Solar Inc, sale 2,308 shares at $273.26 during a trade that took place back on Jun 03 ’24, which means that Dymbort Jason E. is holding 13,351 shares at $630,684 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 7.52. 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 sum up, First Solar Inc (FSLR) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
