FTC Solar Inc [FTCI] stock is trading at $0.40, down -1.27%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FTCI shares have lost -1.74% over the last week, with a monthly amount glided 23.13%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
FTC Solar Inc [NASDAQ: FTCI] stock has seen the most recent analyst activity on March 14, 2024, when ROTH MKM downgraded its rating to a Neutral. Previously, Northland Capital downgraded its rating to Market Perform on November 09, 2023, and kept the price target unchanged to $0.65. On August 15, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $2.50 on the stock. H.C. Wainwright started tracking the stock assigning a Buy rating and suggested a price target of $5 on April 13, 2023. BofA Securities upgraded its rating to a Buy and raised its price target to $3.50 on March 15, 2023. Piper Sandler upgraded its rating to Neutral for this stock on July 19, 2022, and upped its price target to $3.50. In a note dated June 06, 2022, ROTH Capital upgraded an Buy rating on this stock.
FTC Solar Inc [FTCI] stock has fluctuated between $0.28 and $3.65 over the past year. Currently, Wall Street analysts expect the stock to reach $5.15 within the next 12 months. FTC Solar Inc [NASDAQ: FTCI] shares were valued at $0.40 at the most recent close of the market. An investor can expect a potential return of 1187.5% based on the average FTCI price forecast.
Analyzing the FTCI fundamentals
FTC Solar Inc [NASDAQ:FTCI] reported sales of 98.69M for the trailing twelve months, which represents a drop of -69.22%. Gross Profit Margin for this corporation currently stands at 0.04% with Operating Profit Margin at -0.52%, Pretax Profit Margin comes in at -0.48%, and Net Profit Margin reading is -0.48%. To continue investigating profitability, this company’s Return on Assets is posted at -0.41, Equity is -0.7 and Total Capital is -0.84. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.03.
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 0.3775 points at the first support level, and at 0.3601 for the second support level. However, for the 1st resistance point, the stock is sitting at 0.4049, and for the 2nd resistance point, it is at 0.4149.
Ratios To Look Out For
For context, FTC Solar Inc’s Current Ratio is 1.84. As well, the Quick Ratio is 1.63, while the Cash Ratio is 0.29. Considering the valuation of this stock, the price to sales ratio is 0.50, the price to book ratio is 0.90.
Transactions by insiders
Recent insider trading involved Chatila Ahmad R, Director, that happened on Jun 14 ’24 when 0.11 million shares were purchased. Director, Chatila Ahmad R completed a deal on Jun 13 ’24 to buy 0.11 million shares. Meanwhile, Director Chatila Ahmad R bought 97400.0 shares on Mar 26 ’24.
