First Solar Inc (FSLR) concluded trading on Wednesday at a closing price of $230.95, with 3.99 million shares of worth about $921.36 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 34.15% during that period and on Wednesday the price saw a gain of about 6.56%. Currently the company’s common shares owned by public are about 106.85M shares, out of which, 101.05M shares are available for trading.
Stock saw a price change of -6.85% in past 5 days and over the past one month there was a price change of -15.32%. Year-to-date (YTD), FSLR shares are showing a performance of 34.06% which increased to 20.67% 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 $306.77 during that period. The average intraday trading volume for First Solar Inc shares is 2.94 million. The stock is currently trading -11.91% below its 20-day simple moving average (SMA20), while that difference is up 0.16% for SMA50 and it goes to 31.96% 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 90.38% of that.
The stock has a current market capitalization of $24.72B and its 3Y-monthly beta is at 1.44. PE ratio of stock for trailing 12 months is 24.22, while it has posted earnings per share of $9.54 in the same period. Its PEG reads 0.42 and has Quick Ratio of 1.86 while making debt-to-equity ratio of 0.10. 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 6.20% while standing at 5.54% over the month.
Stock’s fiscal year EPS is expected to rise by 75.53% while it is estimated to increase by 55.83% in next year. EPS is likely to grow at an annualized rate of 58.00% for next 5-years, compared to annual growth of 41.58% made by the stock over the past 5-years.
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 Deutsche Bank on June 28, 2024 offering a Buy rating for the stock and assigned a target price range of between $215 and $280 to it. On May 30, 2024, Mizuho Downgrade their recommendations, while on May 29, 2024, DZ Bank Downgrade their ratings for the stock with a price target of $270. Stock get an Outperform rating from Evercore ISI on April 23, 2024.
