FTC Solar Inc (NASDAQ: FTCI)’s stock price has gone decline by -15.56 in comparison to its previous close of 0.52, however, the company has experienced a -24.12% decrease in its stock price over the last five trading days. zacks.com reported 2024-11-12 that FTC Solar (FTCI) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to loss of $0.08 per share a year ago.
Is It Worth Investing in FTC Solar Inc (NASDAQ: FTCI) Right Now?
The 36-month beta value for FTCI is also noteworthy at 1.77. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 4 rating it as “hold,” and 0 rating it as “sell.”
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The public float for FTCI is 69.97M, and at present, short sellers hold a 8.47% of that float. The average trading volume of FTCI on November 12, 2024 was 6.95M shares.
FTCI’s Market Performance
FTCI stock saw a decrease of -24.12% in the past week, with a monthly decline of -8.69% and a quarterly a decrease of 73.13%. The volatility ratio for the week is 13.75%, and the volatility levels for the last 30 days are 12.98% for FTC Solar Inc (FTCI). The simple moving average for the past 20 days is -23.11% for FTCI’s stock, with a -4.04% 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 -12.64% 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 -55.95% of loss for the given period.
Volatility was left at 12.98%, however, over the last 30 days, the volatility rate increased by 13.75%, as shares sank -12.44% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +109.24% upper at present.
During the last 5 trading sessions, FTCI fell by -22.33%, which changed the moving average for the period of 200-days by -22.30% in comparison to the 20-day moving average, which settled at $0.5729. In addition, FTC Solar Inc saw -36.48% 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 238,000 shares at the price of $0.21 back on Sep 06 ’24. After this action, Chatila Ahmad R now owns 1,951,046 shares of FTC Solar Inc, valued at $49,980 using the latest closing price.
Chatila Ahmad R, the Director of FTC Solar Inc, purchase 110,000 shares at $0.23 during a trade that took place back on Sep 04 ’24, which means that Chatila Ahmad R is holding 1,713,046 shares at $25,300 based on the most recent closing price.
Stock Fundamentals for FTCI
Current profitability levels for the company are sitting at:
- -0.67 for the present operating margin
- -0.0 for the gross margin
The net margin for FTC Solar Inc stands at -0.63. The total capital return value is set at -1.07. Equity return is now at value -79.47, with -41.32 for asset returns.
Based on FTC Solar Inc (FTCI), the company’s capital structure generated 0.04 points at debt to capital in total, while cash flow to debt ratio is standing at -19.08. The debt to equity ratio resting at 0.04. The interest coverage ratio of the stock is -172.5.
Currently, EBITDA for the company is -50.32 million with net debt to EBITDA at 0.17. When we switch over and look at the enterprise to sales, we see a ratio of 0.61. The receivables turnover for the company is 1.87for trailing twelve months and the total asset turnover is 0.77. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.64.
Conclusion
In summary, FTC Solar Inc (FTCI) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
