First Solar Inc (NASDAQ: FSLR) is 10.70% higher on its value in year-to-date trading and has touched a low of $129.21 and a high of $232.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FSLR stock was last observed hovering at around $194.67 in the last trading session, with the day’s loss setting it -3.95%.
Currently trading at $190.72, the stock is 5.62% and 13.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.57 million and changing -2.03% at the moment leaves the stock 16.02% off its SMA200. FSLR registered 7.47% gain for a year compared to 6-month gain of 29.77%.
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The stock witnessed a 3.26% loss in the last 1 month and extending the period to 3 months gives it a 31.12%, and is 7.40% up 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 3.63% over the week and 3.82% over the month.
First Solar Inc (FSLR) has around 6700 employees, a market worth around $20.41B and $3.56B in sales. Current P/E ratio is 20.00 and Fwd P/E is 9.17. Profit margin for the company is 28.75%. Distance from 52-week low is 47.60% and -17.79% from its 52-week high. The company has generated returns on investments over the last 12 months (13.90%).
The EPS is expected to grow by 75.56% this year
The shares outstanding are 106.85M, and float is at 100.97M with Short Float at 4.78%.
First Solar Inc (FSLR) Insider Activity
The most recent transaction is an insider sale by KENNEDY R CRAIG, the company’s Director. SEC filings show that KENNEDY R CRAIG sold 2,000 shares of the company’s common stock on May 06 ’24 at a price of $196.73 per share for a total of $0.39 million. Following the sale, the insider now owns 13908.0 shares.
First Solar Inc disclosed in a document filed with the SEC on Apr 04 ’24 that ANTOUN GEORGES (Chief Commercial Officer) sold a total of 2,400 shares of the company’s common stock. The trade occurred on Apr 04 ’24 and was made at $176.00 per share for $0.42 million. Following the transaction, the insider now directly holds 37412.0 shares of the FSLR stock.
Still, SEC filings show that on Apr 04 ’24, Gloeckler Markus (Chief Technology Officer) disposed off 1,937 shares at an average price of $175.00 for $0.34 million. The insider now directly holds 12,536 shares of First Solar Inc (FSLR).
