First Solar Inc (FSLR) concluded trading on Wednesday at a closing price of $208.17, with 3.36 million shares of worth about $698.78 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 39.62% during that period and on July 17, 2024 the price saw a loss of about -5.91%. 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 -8.93% in past 5 days and over the past one month there was a price change of -23.92%. Year-to-date (YTD), FSLR shares are showing a performance of 20.83% which increased to 0.71% 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 3.05 million. The stock is currently trading -12.51% below its 20-day simple moving average (SMA20), while that difference is down -12.98% for SMA50 and it goes to 17.13% 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 90.28% of that.
The stock has a current market capitalization of $22.28B and its 3Y-monthly beta is at 1.43. PE ratio of stock for trailing 12 months is 21.83, while it has posted earnings per share of $9.54 in the same period. Its PEG reads 0.38 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 4.80% while standing at 4.92% over the month.
Stock’s fiscal year EPS is expected to rise by 75.43% while it is estimated to increase by 55.65% 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.
