A share price of First Solar Inc [FSLR] is currently trading at $225.23, down -0.83%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The FSLR shares have gain 1.13% over the last week, with a monthly amount drifted -17.63%, and not 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 June 28, 2024, when Deutsche Bank reiterated its Buy rating and also boosted its price target to $280 from $215. Previously, Janney downgraded its rating to Neutral on June 18, 2024. On May 30, 2024, downgrade downgraded it’s rating to Neutral and revised its price target to $274 on the stock. DZ Bank downgraded its rating to a Hold but stick to its price target of $270 on May 29, 2024. Evercore ISI upgraded its rating to a Outperform but $227 remained the price target by the analyst firm on April 23, 2024. Wells Fargo upgraded its rating to Overweight for this stock on April 19, 2024, and upped its price target to $250. In a note dated April 17, 2024, DZ Bank initiated an Buy rating.
First Solar Inc experienced fluctuations in its stock price throughout the past year between $129.21 and $306.77. Currently, Wall Street analysts expect the stock to reach $222.24 within the next 12 months. First Solar Inc [NASDAQ: FSLR] shares were valued at $225.23 at the most recent close of the market. An investor can expect a potential drop of -1.33% based on the average FSLR price forecast.
Analyzing the FSLR fundamentals
Trailing Twelve Months sales for First Solar Inc [NASDAQ:FSLR] were 3.56B which represents 44.83% growth. Gross Profit Margin for this corporation currently stands at 0.43% with Operating Profit Margin at 0.31%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.29%. To continue investigating profitability, this company’s Return on Assets is posted at 0.1, Equity is 0.16 and Total Capital is 0.12. 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 222.03 points at the first support level, and at 218.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 229.11, and for the 2nd resistance point, it is at 232.98.
Ratios To Look Out For
To put it in perspective, the Current Ratio for First Solar Inc [NASDAQ:FSLR] is 2.41. Also, the Quick Ratio is 1.86, while the Cash Ratio stands at 0.96. Considering the valuation of this stock, the price to sales ratio is 6.76, the price to book ratio is 3.49 and price to earnings (TTM) ratio is 23.62.
Transactions by insiders
Recent insider trading involved Verma Kuntal Kumar, Chief Manufacturing Officer, that happened on Jun 20 ’24 when 1621.0 shares were sold. Chief Executive Officer, Widmar Mark R completed a deal on Jun 03 ’24 to sell 36692.0 shares. Meanwhile, General Counsel and Secretary Dymbort Jason E. sold 2308.0 shares on Jun 03 ’24.
