Additionally, the 36-month beta value for FTCI is 1.28. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 0 rating it as “sell.”
The public float for FTCI is 7.21M and currently, short sellers hold a 8.43% ratio of that float. The average trading volume of FTCI on January 10, 2025 was 184.19K shares.
FTCI) stock’s latest price update
The stock of FTC Solar Inc (NASDAQ: FTCI) has decreased by -11.19 when compared to last closing price of 5.45.Despite this, the company has seen a loss of -12.16% in its stock price over the last five trading days. globenewswire.com reported 2024-12-04 that AUSTIN, Texas, Dec. 04, 2024 (GLOBE NEWSWIRE) — FTC Solar, Inc. (Nasdaq: FTCI), a leading provider of solar tracker systems, today announced that it has closed a previously announced private placement of senior secured promissory notes (the “Notes”) in an aggregate principal amount of fifteen million dollars ($15,000,000) and warrants (the “Warrants”). The offering closed on December 4, 2024.
FTCI’s Market Performance
FTCI’s stock has fallen by -12.16% in the past week, with a monthly rise of 51.72% and a quarterly rise of 6.54%. The volatility ratio for the week is 14.99% while the volatility levels for the last 30 days are 17.32% for FTC Solar Inc The simple moving average for the past 20 days is 14.88% for FTCI’s stock, with a 11.32% 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 12.39% 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 -34.59% of loss for the given period.
Volatility was left at 17.32%, however, over the last 30 days, the volatility rate increased by 14.99%, as shares surge +43.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -26.82% lower at present.
During the last 5 trading sessions, FTCI fell by -12.16%, which changed the moving average for the period of 200-days by +3.37% in comparison to the 20-day moving average, which settled at $4.21. In addition, FTC Solar Inc saw -12.16% 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 Brandt Yann, who purchase 31,450 shares at the price of $3.12 back on Dec 13 ’24. After this action, Brandt Yann now owns 691,700 shares of FTC Solar Inc, valued at $98,124 using the latest closing price.
Brandt Yann, the Chief Executive Officer of FTC Solar Inc, purchase 10,250 shares at $2.98 during a trade that took place back on Dec 06 ’24, which means that Brandt Yann is holding 6,510,250 shares at $30,586 based on the most recent closing price.
Stock Fundamentals for FTCI
Current profitability levels for the company are sitting at:
- -0.89 for the present operating margin
- -0.14 for the gross margin
The net margin for FTC Solar Inc stands at -0.83. The total capital return value is set at -1.49. Equity return is now at value -91.02, with -41.72 for asset returns.
Currently, EBITDA for the company is -49.0 million with net debt to EBITDA at 0.14. When we switch over and look at the enterprise to sales, we see a ratio of 0.97. The receivables turnover for the company is 1.54for trailing twelve months and the total asset turnover is 0.63. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.33.
Conclusion
In conclusion, FTC Solar Inc (FTCI) 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.
