A share price of First Solar Inc [FSLR] is currently trading at $187.36, down -4.19%. An important factor to consider is whether the stock is rising or falling in short-term value. The FSLR shares have gain 2.80% over the last week, with a monthly amount drifted -4.53%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Janney upgraded its rating to Buy on October 29, 2024, and kept the price target unchanged to $260. On October 22, 2024, upgrade upgraded it’s rating to Buy and revised its price target to $254 on the stock. Truist started tracking the stock assigning a Buy rating and suggested a price target of $300 on September 26, 2024. William Blair initiated its recommendation with a Mkt Perform. Clarksons Platou started tracking with a Buy rating for this stock on August 14, 2024, and assigned it a price target of $270. In a note dated August 01, 2024, DZ Bank upgraded an Buy rating on this stock but restated the target price of $280.
First Solar Inc experienced fluctuations in its stock price throughout the past year between $135.88 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 $187.36 at the most recent close of the market. An investor can expect a potential return of 27.81% based on the average FSLR price forecast.
Analyzing the FSLR fundamentals
Trailing Twelve Months sales for First Solar Inc [NASDAQ:FSLR] were 3.85B which represents 10.81% growth. 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. 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 184.36 points at the first support level, and at 181.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 193.15, and for the 2nd resistance point, it is at 198.93.
Ratios To Look Out For
To put it in perspective, the Current Ratio for First Solar Inc [NASDAQ:FSLR] is 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 5.21, the price to book ratio is 2.64 and price to earnings (TTM) ratio is 16.14.
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.
