At the time of writing, First Solar Inc [FSLR] stock is trading at $182.48, down -1.06%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The FSLR shares have gain 4.51% over the last week, with a monthly amount glided 15.46%, 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 April 12, 2024, when Janney initiated its Buy rating and assigned the stock a price target of $236. Previously, RBC Capital Mkts started tracking the stock with Outperform rating on February 14, 2024, and set its price target to $195. On January 08, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $187 on the stock. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $211 on December 15, 2023. Morgan Stanley upgraded its rating to a Overweight and raised its price target to $237 on December 08, 2023. Mizuho started tracking with a Buy rating for this stock on November 21, 2023, and assigned it a price target of $188. In a note dated October 20, 2023, Exane BNP Paribas initiated an Outperform rating and provided a target price of $237 on this stock.
For the past year, the stock price of First Solar Inc fluctuated between $129.21 and $232.00. Currently, Wall Street analysts expect the stock to reach $173.34 within the next 12 months. First Solar Inc [NASDAQ: FSLR] shares were valued at $182.48 at the most recent close of the market. An investor can expect a potential drop of -5.01% based on the average FSLR price forecast.
Analyzing the FSLR fundamentals
According to First Solar Inc [NASDAQ:FSLR], the company’s sales were 3.32B for trailing twelve months, which represents an 15.58% jump. Gross Profit Margin for this corporation currently stands at 0.39% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.27%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.13 and Total Capital is 0.1. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.09.
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 179.72 points at the first support level, and at 176.96 for the second support level. However, for the 1st resistance point, the stock is sitting at 186.56, and for the 2nd resistance point, it is at 190.64.
Ratios To Look Out For
It is important to note that First Solar Inc [NASDAQ:FSLR] has a current ratio of 3.55. Further, the Quick Ratio stands at 2.92, while the Cash Ratio is 1.49. Considering the valuation of this stock, the price to sales ratio is 5.89, the price to book ratio is 2.92 and price to earnings (TTM) ratio is 23.60.
Transactions by insiders
Recent insider trading involved ANTOUN GEORGES, Chief Commercial Officer, that happened on Apr 04 ’24 when 2400.0 shares were sold. Chief Technology Officer, Gloeckler Markus completed a deal on Apr 04 ’24 to sell 1937.0 shares. Meanwhile, Chief Commercial Officer ANTOUN GEORGES sold 2400.0 shares on Apr 01 ’24.
