First Solar Inc [FSLR] stock is trading at $205.03, up 3.31%. 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 4.47% over the last week, with a monthly amount drifted -19.83%, and not 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 October 22, 2024, when Citigroup upgraded its rating to a Buy and also boosted its price target to $254 from $200. Previously, Truist started tracking the stock with Buy rating on September 26, 2024, and set its price target to $300. On August 29, 2024, William Blair initiated with a Mkt Perform rating. Clarksons Platou started tracking the stock assigning a Buy rating and suggested a price target of $270 on August 14, 2024. DZ Bank upgraded its rating to a Buy but $280 remained the price target by the analyst firm on August 01, 2024. Deutsche Bank reiterated a Buy rating for this stock on June 28, 2024, and upped its price target to $280. In a note dated June 18, 2024, Janney downgraded an Neutral rating on this stock.
First Solar Inc [FSLR] stock has fluctuated between $129.21 and $306.77 over the past year. Currently, Wall Street analysts expect the stock to reach $236.07 within the next 12 months. First Solar Inc [NASDAQ: FSLR] shares were valued at $205.03 at the most recent close of the market. An investor can expect a potential return of 15.14% based on the average FSLR price forecast.
Analyzing the FSLR fundamentals
First Solar Inc [NASDAQ:FSLR] reported sales of 3.76B for the trailing twelve months, which represents a growth 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 201.21 points at the first support level, and at 197.40 for the second support level. However, for the 1st resistance point, the stock is sitting at 207.38, and for the 2nd resistance point, it is at 209.74.
Ratios To Look Out For
For context, First Solar Inc’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 5.83, the price to book ratio is 3.03 and price to earnings (TTM) ratio is 18.31.
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.
