Currently, First Solar Inc [FSLR] is trading at $249.28, up 3.78%. 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 6.84% over the last week, with a monthly amount glided 14.21%, and seem to be holding up well over a long-time horizon.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
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.
This stock has fluctuated between a low of $129.21 and a high of $306.77 over the last 52 weeks. 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 $249.28 at the most recent close of the market. An investor can expect a potential drop of -8.63% based on the average FSLR price forecast.
Analyzing the FSLR fundamentals
Trailing Twelve Months sales for First Solar Inc [NASDAQ:FSLR] were 3.76B which represents 24.65% growth. 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 240.26 points at the first support level, and at 231.24 for the second support level. However, for the 1st resistance point, the stock is sitting at 254.04, and for the 2nd resistance point, it is at 258.79.
Ratios To Look Out For
To put it in perspective, the Current Ratio for First Solar Inc [NASDAQ:FSLR] is 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 7.09, the price to book ratio is 3.68 and price to earnings (TTM) ratio is 22.27.
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.
