In recent trading session, FTC Solar Inc (NASDAQ:FTCI) saw 0.85 million shares changing hands at last check today with its beta currently measuring 1.63. Company’s recent per share price level of $0.55 trading at $0.08 or 18.38% at last check today assigns it a market valuation of $69.34M. That most recent trading price of FTCI’s stock is at a discount of -603.64% from its 52-week high price of $3.87 and is indicating a premium of 49.09% from its 52-week low price of $0.28. Taking a look at company’s average trading volume of 727.64K if we extend that period to 3-months.
FTC Solar Inc (NASDAQ:FTCI) trade information
Upright in the green today for gaining 18.38%, in the last five days FTCI remained trading in the green while hitting it’s week-highest on Friday, 05/03/24 when the stock touched $0.55 price level, adding 5.07% to its value on the day. FTC Solar Inc’s shares saw a change of -20.32% in year-to-date performance and have moved 28.70% in past 5-day. FTC Solar Inc (NASDAQ:FTCI) showed a performance of 2.45% in past 30-days.
FTC Solar Inc (FTCI) estimates and forecasts
Statistics highlight that FTC Solar Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -47.43% of value to its shares in past 6 months, showing an annual growth rate of 37.93% while that of industry is -11.10. Apart from that, the company came raising its revenue forecast for fiscal year 2024. This year revenue growth is estimated to rise 19.70% from the last financial year’s standing.
6 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 12.91M for the same. And 6 analysts are in estimates of company making revenue of 23.58M in the next quarter. Company posted 40.89M and 32.36M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -27.59% during past 5 years.
FTCI Dividends
FTC Solar Inc is more likely to be releasing its next quarterly report in June and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
