Things appear to be looking up for FTC Solar Inc (FTCI)

FTC Solar Inc (NASDAQ: FTCI) is -75.48% lower on its value in year-to-date trading and has touched a low of $0.28 and a high of $3.87 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FTCI stock was last observed hovering at around $0.70 in the last trading session, with the day’s loss setting it -0.04%.

Currently trading at $0.66, the stock is -10.84% and -24.66% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.52 million and changing -5.52% at the moment leaves the stock -68.31% off its SMA200. FTCI registered -74.73% loss for a year compared to 6-month loss of -74.03%. The firm has a 50-day simple moving average (SMA 50) of $0.41 and a 200-day simple moving average (SMA200) of -$0.92.

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The stock witnessed a 5.98% gain in the last 1 month and extending the period to 3 months gives it a -50.22%, and is -30.21% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 15.03% over the week and 12.95% over the month.

FTC Solar Inc (FTCI) has around 221 employees, a market worth around $82.14M and $130.02M in sales. Profit margin for the company is -45.85%. Distance from 52-week low is 132.93% and -83.02% from its 52-week high. The company has generated returns on investments over the last 12 months (-79.08%).

FTC Solar Inc (FTCI) Analyst Forecasts

Analyst recommendations provided by FactSet shows that the consensus forecast for FTC Solar Inc (FTCI) is a “Overweight”. 8 analysts offering their recommendations for the stock have an average rating of 2.12, where 3 rate it as a Hold and 0 think it is a “Overweight”. 4 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.

FTC Solar Inc is expected to release its quarterly report on 03/12/2024.The EPS is expected to grow by 54.29% this year.

FTC Solar Inc (FTCI) Top Institutional Holders

The shares outstanding are 105.03M, and float is at 55.27M with Short Float at 11.37%.

FTC Solar Inc (FTCI) Insider Activity

A total of 56 insider transactions have happened at FTC Solar Inc (FTCI) in the last six months, with sales accounting for 47 and purchases happening 9 times. The most recent transaction is an insider sale by Morris Robert Phelps,the company’sFormer Chief Financial Officer. SEC filings show that Morris Robert Phelps sold 19,791 shares of the company’s common stock on Dec 13 at a price of $0.73 per share for a total of $14447.0. Following the sale, the insider now owns 0.17 million shares.

FTC Solar Inc disclosed in a document filed with the SEC on Dec 08 that Chatila Ahmad R (Director) bought a total of 13,960 shares of the company’s common stock. The trade occurred on Dec 08 and was made at $0.75 per share for $10470.0. Following the transaction, the insider now directly holds 0.58 million shares of the FTCI stock.

Still, SEC filings show that on Dec 01, Chatila Ahmad R (Director) acquired 14,550 shares at an average price of $0.68 for $9894.0. The insider now directly holds 569,198 shares of FTC Solar Inc (FTCI).

FTC Solar Inc (FTCI): Who are the competitors?

The company’s main competitors (and peers) include Flex Ltd. (FLEX) that is trading 41.20% up over the past 12 months. Array Technologies Inc. (ARRY) that is -15.81% lower over the same period.