First Solar Inc (NASDAQ: FSLR) is 31.83% higher on its value in year-to-date trading and has touched a low of $129.21 and a high of $306.77 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 $222.12 in the last trading session, with the day’s gains setting it 5.0%.
Currently trading at $227.12, the stock is -11.93% and -2.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.22 million and changing 2.25% at the moment leaves the stock 29.36% off its SMA200. FSLR registered 24.01% gain for a year compared to 6-month gain of 36.56%.
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The stock witnessed a -16.82% loss in the last 1 month and extending the period to 3 months gives it a 30.08%, and is 0.74% 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 5.38% over the week and 5.44% over the month.
First Solar Inc (FSLR) has around 6700 employees, a market worth around $24.31B and $3.56B in sales. Current P/E ratio is 23.82 and Fwd P/E is 10.73. Profit margin for the company is 28.75%. Distance from 52-week low is 75.77% and -25.96% 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.
First Solar Inc (FSLR) Top Institutional Holders
The shares outstanding are 106.85M, and float is at 101.05M with Short Float at 5.53%.
First Solar Inc (FSLR) Insider Activity
The most recent transaction is an insider sale by Verma Kuntal Kumar,the company’sChief Manufacturing Officer. SEC filings show that Verma Kuntal Kumar sold 1,621 shares of the company’s common stock on Jun 20 ’24 at a price of $260.00 per share for a total of $0.42 million. Following the sale, the insider now owns 3549.0 shares.
First Solar Inc disclosed in a document filed with the SEC on Jun 03 ’24 that Widmar Mark R (Chief Executive Officer) sold a total of 36,692 shares of the company’s common stock. The trade occurred on Jun 03 ’24 and was made at $273.26 per share for $10.03 million. Following the transaction, the insider now directly holds 81861.0 shares of the FSLR stock.
Still, SEC filings show that on Jun 03 ’24, Dymbort Jason E. (General Counsel and Secretary) disposed off 2,308 shares at an average price of $273.26 for $0.63 million. The insider now directly holds 13,351 shares of First Solar Inc (FSLR).
