First Solar Inc (FSLR) concluded trading on Thursday at a closing price of $171.46, with 3.39 million shares of worth about $581.33 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 13.36% during that period and on April 4, 2024 the price saw a gain of about 2.84%. Currently the company’s common shares owned by public are about 106.85M shares, out of which, 100.09M shares are available for trading.
However, the stock later moved at a day high price of 162.36, or with a gain of 2.84%. Stock saw a price change of 2.39% in past 5 days and over the past one month there was a price change of 7.80%. Year-to-date (YTD), FSLR shares are showing a performance of -0.48% which decreased to -17.76% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $129.21 but also hit the highest price of $232.00 during that period. The average intraday trading volume for First Solar Inc shares is 2.07 million. The stock is currently trading 8.50% above its 20-day simple moving average (SMA20), while that difference is up 11.99% for SMA50 and it goes to 3.53% higher than SMA200.
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First Solar Inc (NASDAQ: FSLR) currently have 106.85M outstanding shares and institutions hold larger chunk of about 89.60% of that.
The stock has a current market capitalization of $18.32B and its 3Y-monthly beta is at 1.40. PE ratio of stock for trailing 12 months is 22.18, while it has posted earnings per share of $7.73 in the same period. It has Quick Ratio of 2.92 while making debt-to-equity ratio of 0.09. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FSLR, volatility over the week remained 3.68% while standing at 3.60% over the month.
Stock’s fiscal year EPS is expected to rise by 74.70% while it is estimated to increase by 54.11% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by RBC Capital Mkts on February 14, 2024 offering an Outperform rating for the stock and assigned a target price of $195 to it. Coverage by Wells Fargo stated First Solar Inc (FSLR) stock as an Equal weight in their note to investors on January 08, 2024, suggesting a price target of $187 for the stock. On December 15, 2023, Jefferies Initiated their recommendations, while on December 08, 2023, Morgan Stanley Upgrade their ratings for the stock with a price target of $237. Stock get a Buy rating from Mizuho on November 21, 2023.
