FTC Solar Inc. (NASDAQ: FTCI): A Look At Its Value – Marketing Sentinel
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FTC Solar Inc. (NASDAQ: FTCI): A Look At Its Value

During the last session, FTC Solar Inc. (NASDAQ:FTCI)’s traded shares were 1.18 million. At the end of the trading day, the stock’s price was $4.96, reflecting an intraday gain of 4.42% or $0.21. The 52-week high for the FTCI share is $13.98, that puts it down -181.85 from that peak though still a striking 57.26% gain since the share price plummeted to a 52-week low of $2.12. The company’s market capitalization is $460.73M, and the average trade volume was 1.39 million shares over the past three months.

FTC Solar Inc. (FTCI) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.60. FTCI has a Sell rating from 1 analyst(s) out of 8 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.04.

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FTC Solar Inc. (NASDAQ:FTCI) trade information

FTC Solar Inc. (FTCI) registered a 4.42% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 4.42% in intraday trading to $4.96 this Thursday, 06/23/22, hitting a weekly high. The stock’s 5-day price performance is -0.20%, and it has moved by 25.57% in 30 days. Based on these gigs, the overall price performance for the year is -61.64%.

The consensus price target of analysts on Wall Street is $5.81, which implies an increase of 14.63% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2.00 and $8.00 respectively. As a result, FTCI is trading at a discount of -61.29% off the target high and 59.68% off the low.

FTC Solar Inc. (FTCI) estimates and forecasts

Statistics show that FTC Solar Inc. has outperformed its competitors in share price, compared to the industry in which it operates. FTC Solar Inc. (FTCI) shares have gone down -34.39% during the last six months, with a year-to-date growth rate more than the industry average at 25.76% against 22.70. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 81.00% this quarter and then jump 111.80% in the quarter after that. In the rating firms’ projections, revenue will increase 42.60% compared to the previous financial year.

Revenue for the current quarter is expected to be $79.72 million as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $121.07 million by the end of Sep 2022.

While earnings are projected to return -435.30% in 2022.

FTCI Dividends

FTC Solar Inc. is due to release its next quarterly earnings on November 10. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

FTC Solar Inc. (NASDAQ:FTCI)’s Major holders

FTC Solar Inc. insiders own 85.16% of total outstanding shares while institutional holders control 21.07%, with the float percentage being 142.02%. Invesco Ltd. is the largest shareholder of the company, while 101 institutions own stock in it. As of Dec 30, 2021, the company held over 3.3 million shares (or 3.31% of all shares), a total value of $24.95 million in shares.

The next largest institutional holding, with 2.91 million shares, is of FMR, LLC’s that is approximately 2.92% of outstanding shares. At the market price on Dec 30, 2021, these shares were valued at $22.02 million.

Also, the Mutual Funds coming in first place with the largest holdings of FTC Solar Inc. (FTCI) shares are Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF and SPDR (R) Ser Tr-SPDR� Kensho Clean Power ETF. Data provided on Jan 30, 2022 indicates that Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF owns about 2.53 million shares. This amounts to just over 2.54 percent of the company’s overall shares, with a $10.68 million market value. The same data shows that the other fund manager holds slightly less at 0.89 million, or about 0.89% of the stock, which is worth about $3.74 million.

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