Seaport Research Partners has recently raised First Solar Inc (FSLR) stock to Buy rating, as announced on January 16, 2025, according to Finviz. Earlier, on November 5, 2024, Seaport Research Partners had initiated the stock to Neutral. Janney also raised Buy rating with a price target of $260. Additionally, Citigroup raised Buy rating on October 22, 2024, with a target price of $254. Truist analysts, in their report published on September 26, 2024, also initiated Buy rating and set a price target of $300 for First Solar Inc’s stock. Analyst ratings are significant because they provide insights into stock performance expectations, influencing investor decisions and market sentiment.
First Solar Inc (FSLR) Stock Trading Recap
On Monday, First Solar Inc (FSLR) stock saw a decline, ending the day at $162.89 which represents a decrease of $-5.45 or -3.24% from the prior close of $168.34. The stock opened at $169.94 and touched a low of $162.68 during the day, reaching a high of $170.4. The volume of shares traded was 2.58 million exceeding the average volume of 2.26 million.
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FSLR Stock Performance and Moving Averages
In recent trading, First Solar Inc (FSLR) stock price has shown some volatility, fluctuating -2.57% over the last five trades and -14.78% over the past 30 trades. This represents a notable shift from earlier in the year. Over the last six months, the stock has risen by -23.57%, and it has plunged by -16.04% in the previous three months. Currently, FSLR is trading at -5.78%, -11.54%, and -23.32% relative to its 20-Day, 50-Day, and 200-Day Simple Moving Averages, respectively.
As of the latest trading close, FSLR, a Technology sector stock, is trading -46.90% below its 52-week high but remains 14.95% above its 52-week low. The Average True Range (ATR) (14 days) of 7.48 highlights the stock’s average volatility, providing insight into how much the price typically fluctuates. This measure is crucial for understanding potential price swings and assessing overall market risk.
First Solar Inc’s Profitability and Valuation Ratios
First Solar Inc’s profitability metrics reveal financial health. The company currently boasts an operating margin of 36.51% and a profit margin of 32.41%, with a gross margin of -23.57%. The profit margin, also known as the revenue ratio or gross profit ratio, measures how efficiently a company converts sales into net income; higher margins indicate greater profitability.
In terms of valuation, First Solar Inc’s market capitalization stands at $17.44 billion. Market cap represents the total value of all outstanding shares and is a key indicator of a company’s market value. The stock’s price-to-earnings (P/E) ratio is 14.03, assessing the company’s valuation relative to its earnings. The forward P/E ratio, which uses projected earnings for the next financial year, is 7.84. Additionally, the Price-to-Sales Ratio is 4.53, reflecting the market’s valuation of the company’s sales, while the Price-to-Book Ratio is 2.3, comparing the market value to the company’s book value.
Understanding Insider Trading
Investors often prefer to invest in shares held by company insiders, as management is typically more aligned with the company’s success and shareholder interests. Currently, insiders own just 6.93% of First Solar Inc (FSLR)’s shares, while financial institutions hold 89.60%.
Notable insider trades include Gloeckler Markus, Chief Technology Officer at First Solar Inc (FSLR), who sold 3601 shares on Oct 31 ’24, at $198.52 each, totaling $0.71 million. On Aug 13 ’24, Buehler Patrick James, Chief Product Officer, sold 8619 shares for $222 each, amounting to $1.91 million. Additionally, on Aug 12 ’24, Jeffers Byron Michael sold 500 shares at $220 each, generating $0.11 million.
