A share price of FTC Solar Inc [FTCI] is currently trading at $4.94, up 5.11%. An important factor to consider is whether the stock is rising or falling in short-term value. The FTCI shares have gain 9.78% over the last week, with a monthly amount glided 19.61%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
FTC Solar Inc [NASDAQ: FTCI] stock has seen the most recent analyst activity on March 14, 2024, when ROTH MKM downgraded its rating to a Neutral. Previously, Northland Capital downgraded its rating to Market Perform on November 09, 2023, and kept the price target unchanged to $0.65. On August 15, 2023, downgrade downgraded it’s rating to Neutral and revised its price target to $2.50 on the stock. H.C. Wainwright started tracking the stock assigning a Buy rating and suggested a price target of $5 on April 13, 2023. BofA Securities upgraded its rating to a Buy and raised its price target to $3.50 on March 15, 2023. Piper Sandler upgraded its rating to Neutral for this stock on July 19, 2022, and upped its price target to $3.50. In a note dated June 06, 2022, ROTH Capital upgraded an Buy rating on this stock.
FTC Solar Inc experienced fluctuations in its stock price throughout the past year between $1.76 and $7.40. Currently, Wall Street analysts expect the stock to reach $3 within the next 12 months. FTC Solar Inc [NASDAQ: FTCI] shares were valued at $4.94 at the most recent close of the market. An investor can expect a potential drop of -39.27% based on the average FTCI price forecast.
Analyzing the FTCI fundamentals
Trailing Twelve Months sales for FTC Solar Inc [NASDAQ:FTCI] were 55.57M which represents 65.27% growth. Gross Profit Margin for this corporation currently stands at -0.25% with Operating Profit Margin at -0.92%, Pretax Profit Margin comes in at -0.78%, and Net Profit Margin reading is -0.79%. To continue investigating profitability, this company’s Return on Assets is posted at -0.52, Equity is -1.6 and Total Capital is -1.53. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.72.
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 4.66 points at the first support level, and at 4.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 5.20, and for the 2nd resistance point, it is at 5.45.
Ratios To Look Out For
To put it in perspective, the Current Ratio for FTC Solar Inc [NASDAQ:FTCI] is 1.38. On the other hand, the Quick Ratio is 1.08, and the Cash Ratio is 0.12. Considering the valuation of this stock, the price to sales ratio is 1.16, the price to book ratio is 4.16.
Transactions by insiders
Recent insider trading involved Chatila Ahmad R, Director, that happened on Apr 02 ’25 when 16740.0 shares were purchased. Director, Chatila Ahmad R completed a deal on Apr 01 ’25 to buy 16922.0 shares. Meanwhile, CHIEF FINANCIAL OFFICER Behnen Cathy sold 2640.0 shares on Apr 01 ’25.
