At the time of writing, First Solar Inc [FSLR] stock is trading at $212.28, up 3.58%. An important factor to consider is whether the stock is rising or falling in short-term value. The FSLR shares have gain 3.54% over the last week, with a monthly amount drifted -8.16%, 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 29, 2024, when Janney upgraded its rating to a Buy but kept the price target unchanged to $260 for it. Previously, Citigroup upgraded its rating to Buy on October 22, 2024, and elevated its price target to $254. On September 26, 2024, Truist initiated with a Buy rating and assigned a price target of $300 on the stock. William Blair started tracking the stock assigning a Mkt Perform rating. Clarksons Platou initiated its recommendation with a Buy and recommended $270 as its price target on August 14, 2024. DZ Bank upgraded its rating to Buy for this stock on August 01, 2024, but kept the price target unchanged to $280. In a note dated June 28, 2024, Deutsche Bank reiterated an Buy rating on this stock and boosted its target price from $215 to $280.
For the past year, the stock price of First Solar Inc fluctuated between $129.21 and $306.77. Currently, Wall Street analysts expect the stock to reach $239.46 within the next 12 months. First Solar Inc [NASDAQ: FSLR] shares were valued at $212.28 at the most recent close of the market. An investor can expect a potential return of 12.8% based on the average FSLR price forecast.
Analyzing the FSLR fundamentals
According to First Solar Inc [NASDAQ:FSLR], the company’s sales were 3.85B for trailing twelve months, which represents an 10.81% jump. Gross Profit Margin for this corporation currently stands at 0.46% with Operating Profit Margin at 0.36%, 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 207.39 points at the first support level, and at 202.49 for the second support level. However, for the 1st resistance point, the stock is sitting at 219.19, and for the 2nd resistance point, it is at 226.09.
Ratios To Look Out For
It is important to note that First Solar Inc [NASDAQ:FSLR] has a current ratio of 2.14. On the other hand, the Quick Ratio is 1.44, and the Cash Ratio is 0.56. Considering the valuation of this stock, the price to sales ratio is 6.22, the price to book ratio is 2.99 and price to earnings (TTM) ratio is 18.29.
Transactions by insiders
Recent insider trading involved Gloeckler Markus, Chief Technology Officer, that happened on Oct 31 ’24 when 3601.0 shares were sold. Officer, Gloeckler Markus completed a deal on Oct 31 ’24 to buy 3601.0 shares. Meanwhile, Chief Product Officer Buehler Patrick James sold 8619.0 shares on Aug 13 ’24.
