Technical Outlook And Game Plan For First Solar Inc (NASDAQ: FSLR)

First Solar Inc (FSLR) concluded trading on Thursday at a closing price of $195.14, with 5.51 million shares of worth about $1.07 billion changed hands on the day. Half year performance of the stock remained positive as price took a surge of 0.27% during that period and on November 14, 2024 the price saw a gain of about 7.14%. Currently the company’s common shares owned by public are about 106.85M shares, out of which, 101.34M shares are available for trading.

Stock saw a price change of -0.79% in past 5 days and over the past one month there was a price change of -5.10%. Year-to-date (YTD), FSLR shares are showing a performance of 13.27% which increased to 30.84% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $135.88 but also hit the highest price of $306.77 during that period. The average intraday trading volume for First Solar Inc shares is 2.53 million. The stock is currently trading -1.27% below its 20-day simple moving average (SMA20), while that difference is down -9.93% for SMA50 and it goes to -4.96% lower than SMA200.

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First Solar Inc (NASDAQ: FSLR) currently have 106.85M outstanding shares and institutions hold larger chunk of about 88.55% of that.

The stock has a current market capitalization of $20.89B and its 3Y-monthly beta is at 1.45. PE ratio of stock for trailing 12 months is 16.81, while it has posted earnings per share of $11.61 in the same period. Its PEG reads 0.54 and has Quick Ratio of 1.44 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 5.42% while standing at 5.00% over the month.

Stock’s fiscal year EPS is expected to rise by 70.95% while it is estimated to increase by 55.30% in next year. EPS is likely to shrink at an annualized rate of 31.00% for next 5-years, compared to annual growth of 41.58% made by the stock over the past 5-years.

Coverage by Janney stated First Solar Inc (FSLR) stock as a Buy in their note to investors on October 29, 2024, suggesting a price target of $260 for the stock. On October 22, 2024, Citigroup Upgrade their recommendations, while on September 26, 2024, Truist Initiated their ratings for the stock with a price target of $300. Stock get a Mkt perform rating from William Blair on August 29, 2024.

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