Currently, First Solar Inc [FSLR] is trading at $155.02, up 0.33%. An important factor to consider is whether the stock is rising or falling in short-term value. The FSLR shares have gain 15.76% over the last week, with a monthly amount glided 2.01%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
First Solar Inc [NASDAQ: FSLR] stock has seen the most recent analyst activity on October 20, 2023, when Exane BNP Paribas initiated its Outperform rating and assigned the stock a price target of $237.
This stock has fluctuated between a low of $129.21 and a high of $232.00 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $238.02 within the next 12 months. First Solar Inc [NASDAQ: FSLR] shares were valued at $155.02 at the most recent close of the market. An investor can expect a potential return of 53.54% based on the average FSLR price forecast.
Analyzing the FSLR fundamentals
Recent quarter sales for First Solar Inc [NASDAQ:FSLR] were 801.0 million which represents 27.37% growth. The company generates $476,240 in revenue per employee, while its income per employee is -$8,030. Gross Margin for this corporation currently stands at +4.82% with Operating Margin at -5.77%, Pretax Margin comes in at +0.33%, and Net Margin reading is -1.69%. To continue investigating profitability, this company’s Return on Assets is posted at -0.56, Equity is -0.75, Total Capital is -2.43, and Invested Capital is -0.71. An extended look at the Principal structure reveals enduring liabilities to the total capital of 3.86 and enduring liabilities to assets of 2.84.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 152.51 points at the first support level, and at 150.01 for the second support level. However, for the 1st resistance point, the stock is sitting at 156.87, and for the 2nd resistance point, it is at 158.73.
First Solar Inc [FSLR] reported earnings per share of $2.5 for its fiscal quarter that ended on 9/29/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.06/share, meaning a difference of $0.44 and a surprise factor of 21.40%. By comparison, the stated earnings for the previous quarter ended on 6/29/2023 were $1.59 per share as compared to estimates of $0.96 per share, a difference of $0.63 representing a surprise of 65.60%.
Ratios To Look Out For
To put it in perspective, the Current Ratio for First Solar Inc [NASDAQ:FSLR] is 3.19. On the other hand, the Quick Ratio is 3.05, and the Cash Ratio is 2.49. Considering the valuation of this stock, the price to sales ratio is 6.09, the price to book ratio is 2.74 and the P/E (TTM) ratio is 35.13.
Transactions by insiders
The next item on our agenda is insider trading, which has seen 11 insider purchases totaling 3,185 shares and 14 insider sales totaling 12,669 shares over the past 3 months. Recent insider trading involved Verma Kuntal Kumar, Chief Manufacturing Officer, that happened on Oct 30 when 1621.0 shares were sold. Chief Financial Officer, Bradley Alexander R. completed a deal on Oct 02 to sell 5000.0 shares. Meanwhile, Chief Financial Officer Bradley Alexander R. sold 5500.0 shares on Sep 01.