The price-to-earnings ratio for First Solar Inc (NASDAQ: FSLR) is above average at 19.65x, Company’s 36-month beta value is 1.44.Analysts have differing 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 101.07M, and currently, short sellers hold a 4.67% ratio of that floaft. The average trading volume of FSLR on August 20, 2024 was 3.12M shares.
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FSLR) stock’s latest price update
The stock price of First Solar Inc (NASDAQ: FSLR) has dropped by -3.65 compared to previous close of 228.38. Despite this, the company has seen a fall of -4.44% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-16 that First Solar’s results are generally in line with our expectations. The business is protected by the large backlog. We expect IRA 45x payments to start in 2025, which will have a positive impact on the balance sheet. Management has mentioned a potential IRA cut for the first time, which is a significant risk for the company at all levels.
FSLR’s Market Performance
First Solar Inc (FSLR) has experienced a -4.44% fall in stock performance for the past week, with a -0.09% drop in the past month, and a 12.08% rise in the past quarter. The volatility ratio for the week is 3.56%, and the volatility levels for the past 30 days are at 4.93% for FSLR. The simple moving average for the past 20 days is 0.58% for FSLR’s stock, with a 18.43% simple moving average for the past 200 days.
Analysts’ Opinion of FSLR
Many brokerage firms have already submitted their reports for FSLR stocks, with Clarksons Platou repeating the rating for FSLR by listing it as a “Buy.” The predicted price for FSLR in the upcoming period, according to Clarksons Platou is $270 based on the research report published on August 14, 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 $280. The rating they have provided for FSLR stocks is “Buy” according to the report published on August 01st, 2024.
Deutsche Bank gave a rating of “Buy” to FSLR, setting the target price at $280 in the report published on June 28th of the current year.
FSLR Trading at -5.97% 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 -28.27% of loss for the given period.
Volatility was left at 4.93%, however, over the last 30 days, the volatility rate increased by 3.56%, as shares sank -0.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.33% lower at present.
During the last 5 trading sessions, FSLR fell by -4.03%, which changed the moving average for the period of 200-days by +54.72% in comparison to the 20-day moving average, which settled at $218.69. In addition, First Solar Inc saw 27.73% 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 Buehler Patrick James, who sale 8,619 shares at the price of $222.00 back on Aug 13 ’24. After this action, Buehler Patrick James now owns 3,468 shares of First Solar Inc, valued at $1,913,418 using the latest closing price.
Jeffers Byron Michael, the VP – Global Controller and CAO of First Solar Inc, sale 500 shares at $220.00 during a trade that took place back on Aug 12 ’24, which means that Jeffers Byron Michael is holding 0 shares at $110,000 based on the most recent closing price.
Stock Fundamentals for FSLR
Current profitability levels for the company are sitting at:
- 0.35 for the present operating margin
- 0.46 for the gross margin
The net margin for First Solar Inc stands at 0.32. The total capital return value is set at 0.14. Equity return is now at value 18.11, with 12.03 for asset returns.
Based on First Solar Inc (FSLR), the company’s capital structure generated 0.07 points at debt to capital in total, while cash flow to debt ratio is standing at 2.08. The debt to equity ratio resting at 0.08. The interest coverage ratio of the stock is 129.58.
Currently, EBITDA for the company is 1.26 billion with net debt to EBITDA at -0.64. When we switch over and look at the enterprise to sales, we see a ratio of 5.95. The receivables turnover for the company is 4.77for trailing twelve months and the total asset turnover is 0.34. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.23.
Conclusion
In a nutshell, First Solar Inc (FSLR) 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.
