FTC Solar Inc (NASDAQ: FTCI) is -40.39% lower on its value in year-to-date trading and has touched a low of $0.18 and a high of $1.00 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 $0.40 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $0.41, the stock is -17.99% and -21.25% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.78 million and changing 3.25% at the moment leaves the stock -9.42% off its SMA200. FTCI registered -25.19% loss for a year compared to 6-month gain of -15.71%. The firm has a 50-day simple moving average (SMA 50) of $0.52334 and a 200-day simple moving average (SMA200) of $0.456285.
The stock witnessed a -37.02% loss in the last 1 month and extending the period to 3 months gives it a 68.16%, and is -6.16% 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 13.68% over the week and 13.62% over the month.
FTC Solar Inc (FTCI) has around 213 employees, a market worth around $52.77M and $57.35M in sales. Profit margin for the company is -82.90%. Distance from 52-week low is 134.93% and -58.66% from its 52-week high. The company has generated returns on investments over the last 12 months (-151.95%).
The EPS is expected to shrink by -3.31% this year
68.0 institutions hold shares in FTC Solar Inc (FTCI), with institutional investors hold 15.15% of the company’s shares. The shares outstanding are 125.45M, and float is at 70.16M with Short Float at 8.45%. Institutions hold 9.31% of the Float.
The top institutional shareholder in the company is MORGAN STANLEY with over 4.35 million shares valued at $1.54 million. The investor’s holdings represent 3.4662 of the FTCI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 2.45 million shares valued at $0.87 million to account for 1.9533 of the shares outstanding. The other top investors are GSA CAPITAL PARTNERS LLP which holds 2.15 million shares representing 1.7158 and valued at over $0.76 million, while MILLENNIUM MANAGEMENT LLC holds 1.1851 of the shares totaling 1.49 million with a market value of $0.53 million.
FTC Solar Inc (FTCI) Insider Activity
The most recent transaction is an insider purchase by Chatila Ahmad R, the company’s Director. SEC filings show that Chatila Ahmad R bought 238,000 shares of the company’s common stock on Sep 06 ’24 at a price of $0.21 per share for a total of $49980.0. Following the purchase, the insider now owns 1.95 million shares.
FTC Solar Inc disclosed in a document filed with the SEC on Sep 04 ’24 that Chatila Ahmad R (Director) bought a total of 110,000 shares of the company’s common stock. The trade occurred on Sep 04 ’24 and was made at $0.23 per share for $25300.0. Following the transaction, the insider now directly holds 1.71 million shares of the FTCI stock.
Still, SEC filings show that on Aug 26 ’24, Chatila Ahmad R (Director) acquired 100,000 shares at an average price of $0.25 for $25000.0. The insider now directly holds 1,603,046 shares of FTC Solar Inc (FTCI).
