At the time of writing, First Solar Inc [FSLR] stock is trading at $218.50, up 1.16%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The FSLR shares have gain 1.07% over the last week, with a monthly amount glided 0.82%, 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 August 01, 2024, when DZ Bank upgraded its rating to a Buy but kept the price target unchanged to $280 for it. Previously, Deutsche Bank reaffirmed its Buy rating on June 28, 2024, and elevated its price target to $280. On June 18, 2024, downgrade downgraded it’s rating to Neutral. Mizuho downgraded its rating to a Neutral and increased its price target to $274 on May 30, 2024. DZ Bank downgraded its rating to a Hold but $270 remained the price target by the analyst firm on May 29, 2024. Evercore ISI upgraded its rating to Outperform for this stock on April 23, 2024, but kept the price target unchanged to $227. In a note dated April 19, 2024, Wells Fargo upgraded an Overweight rating on this stock and boosted its target price from $187 to $250.
For the past year, the stock price of First Solar Inc fluctuated between $129.21 and $306.77. Currently, Wall Street analysts expect the stock to reach $222.88 within the next 12 months. First Solar Inc [NASDAQ: FSLR] shares were valued at $218.50 at the most recent close of the market. An investor can expect a potential return of 2.0% based on the average FSLR price forecast.
Analyzing the FSLR fundamentals
According to First Solar Inc [NASDAQ:FSLR], the company’s sales were 3.76B for trailing twelve months, which represents an 24.65% jump. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.35%, Pretax Profit Margin comes in at 0.35%, and Net Profit Margin reading is 0.32%. To continue investigating profitability, this company’s Return on Assets is posted at 0.11, Equity is 0.18 and Total Capital is 0.14. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.08.
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 213.22 points at the first support level, and at 207.95 for the second support level. However, for the 1st resistance point, the stock is sitting at 225.88, and for the 2nd resistance point, it is at 233.27.
Ratios To Look Out For
It is important to note that First Solar Inc [NASDAQ:FSLR] has a current ratio of 2.23. In addition, the Quick Ratio stands at 1.65 and the Cash Ratio stands at 0.97. Considering the valuation of this stock, the price to sales ratio is 6.21, the price to book ratio is 3.22 and price to earnings (TTM) ratio is 19.52.
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.
