The stock of First Solar Inc (FSLR) has gone down by -6.24% for the week, with a 9.88% rise in the past month and a -1.28% drop in the past quarter. The volatility ratio for the week is 3.89%, and the volatility levels for the past 30 days are 4.79% for FSLR. The simple moving average for the last 20 days is -5.86% for FSLR stock, with a simple moving average of 12.96% for the last 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 20.15x that is above its average ratio. Additionally, the 36-month beta value for FSLR is 1.46. 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.”
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The public float for FSLR is 101.33M and currently, short sellers hold a 4.70% ratio of that float. The average trading volume of FSLR on October 09, 2024 was 2.06M shares.
FSLR) stock’s latest price update
The stock of First Solar Inc (NASDAQ: FSLR) has decreased by -1.73 when compared to last closing price of 229.62. Despite this, the company has experienced a -6.24% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-10-07 that First Solar’s stock price has been volatile in advance of the upcoming 2024 US Election as investors weigh the opportunities and risks of each potential election outcome. While these opportunities and risks pose serious potential implications, I argue that the company is well-positioned to thrive under either party’s rule. First Solar is an industry leader with a strong competitive and financial position, and it has proven its ability to influence policymakers in a beneficial way.
Analysts’ Opinion of FSLR
Many brokerage firms have already submitted their reports for FSLR stocks, with Truist repeating the rating for FSLR by listing it as a “Buy.” The predicted price for FSLR in the upcoming period, according to Truist is $300 based on the research report published on September 26, 2024 of the current year 2024.
Clarksons Platou gave a rating of “Buy” to FSLR, setting the target price at $270 in the report published on August 14th of the current year.
FSLR Trading at -0.74% 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 -26.45% of loss for the given period.
Volatility was left at 4.79%, however, over the last 30 days, the volatility rate increased by 3.89%, as shares surge +8.37% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.38% upper at present.
During the last 5 trading sessions, FSLR fell by -6.24%, which changed the moving average for the period of 200-days by +37.08% in comparison to the 20-day moving average, which settled at $239.68. In addition, First Solar Inc saw 30.97% 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 44.59.
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 6.13. 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 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.
