FTC Solar Inc (FTCI) concluded trading on Thursday at a closing price of $0.33, with 3.15 million shares of worth about $1.04 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -32.43% during that period and on November 28, 2024 the price saw a loss of about -9.08%. Currently the company’s common shares owned by public are about 125.45M shares, out of which, 70.16M shares are available for trading.
Stock saw a price change of -18.17% in past 5 days and over the past one month there was a price change of -44.53%. Year-to-date (YTD), FTCI shares are showing a performance of -52.76% which decreased to -49.65% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $0.18 but also hit the highest price of $1.00 during that period. The average intraday trading volume for FTC Solar Inc shares is 6.89 million. The stock is currently trading -28.23% below its 20-day simple moving average (SMA20), while that difference is down -36.62% for SMA50 and it goes to -27.50% lower than SMA200.
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FTC Solar Inc (NASDAQ: FTCI) currently have 125.45M outstanding shares and institutions hold larger chunk of about 9.11% of that.
The stock has a current market capitalization of $38.02M and its 3Y-monthly beta is at 1.62. It has posted earnings per share of -$0.38 in the same period. It has Quick Ratio of 0.93 while making debt-to-equity ratio of 0.06. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for FTCI, volatility over the week remained 14.48% while standing at 13.75% over the month.
Stock’s fiscal year EPS is expected to drop by -8.86% while it is estimated to increase by 44.79% in next year.
Coverage by Northland Capital stated FTC Solar Inc (FTCI) stock as a Market perform in their note to investors on November 09, 2023, suggesting a price target of $0.65 for the stock. On August 15, 2023, UBS Downgrade their recommendations, while on April 13, 2023, H.C. Wainwright Initiated their ratings for the stock with a price target of $5. Stock get a Buy rating from BofA Securities on March 15, 2023.
