First Solar Inc [FSLR] stock prices are up 0.96% to $235.42 at the moment. 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 6.91% over the last week, with a monthly amount glided 6.81%, 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 14, 2024, when Clarksons Platou initiated its Buy rating and assigned the stock a price target of $270. Previously, DZ Bank upgraded its rating to Buy on August 01, 2024, and kept the price target unchanged to $280. On June 28, 2024, Deutsche Bank reiterated its Buy rating and revised its price target to $280 on the stock. Janney downgraded its rating to a Neutral. Mizuho downgraded its rating to a Neutral and raised its price target to $274 on May 30, 2024. DZ Bank downgraded its rating to Hold for this stock on May 29, 2024, but kept the price target unchanged to $270. In a note dated April 23, 2024, Evercore ISI upgraded an Outperform rating on this stock but restated the target price of $227.
The stock price of First Solar Inc [FSLR] has been fluctuating between $129.21 and $306.77 over the past year. Currently, Wall Street analysts expect the stock to reach $225.36 within the next 12 months. First Solar Inc [NASDAQ: FSLR] shares were valued at $235.42 at the most recent close of the market. An investor can expect a potential drop of -4.27% based on the average FSLR price forecast.
Analyzing the FSLR fundamentals
The First Solar Inc [NASDAQ:FSLR] reported sales of 3.76B for trailing twelve months, representing a surge of 24.65%. 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 229.70 points at the first support level, and at 223.98 for the second support level. However, for the 1st resistance point, the stock is sitting at 238.34, and for the 2nd resistance point, it is at 241.26.
Ratios To Look Out For
It’s worth pointing out that First Solar Inc [NASDAQ:FSLR]’s Current Ratio is 2.23. Further, the Quick Ratio stands at 1.65, while the Cash Ratio is 0.97. Considering the valuation of this stock, the price to sales ratio is 6.70, the price to book ratio is 3.47 and price to earnings (TTM) ratio is 21.03.
Transactions by insiders
Recent insider trading involved Buehler Patrick James, Chief Product Officer, that happened on Aug 13 ’24 when 8619.0 shares were sold. VP – Global Controller and CAO, Jeffers Byron Michael completed a deal on Aug 12 ’24 to sell 500.0 shares. Meanwhile, Officer Buehler Patrick James bought 8619.0 shares on Aug 13 ’24.
