First Solar Inc [FSLR] stock prices are up 15.19% to $239.84 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The FSLR shares have gain 11.35% over the last week, with a monthly amount glided 9.40%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Clarksons Platou started tracking the stock with Buy rating on August 14, 2024, and set its price target to $270. On August 01, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $280 on the stock. Deutsche Bank reiterated its Buy rating and increased its price target to $280 on June 28, 2024. Janney downgraded its rating to a Neutral. Mizuho downgraded its rating to Neutral for this stock on May 30, 2024, and upped its price target to $274. In a note dated May 29, 2024, DZ Bank downgraded an Hold rating on this stock but restated the target price of $270.
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 $227.76 within the next 12 months. First Solar Inc [NASDAQ: FSLR] shares were valued at $239.84 at the most recent close of the market. An investor can expect a potential drop of -5.04% 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.08.
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 222.29 points at the first support level, and at 204.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 249.53, and for the 2nd resistance point, it is at 259.21.
Ratios To Look Out For
It’s worth pointing out that First Solar Inc [NASDAQ:FSLR]’s Current Ratio is 2.23. As well, the Quick Ratio is 1.65, while the Cash Ratio is 0.97. Considering the valuation of this stock, the price to sales ratio is 6.82, the price to book ratio is 3.54 and price to earnings (TTM) ratio is 21.42.
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.
