In the last trading session, 1.05 million FTC Solar Inc (NASDAQ:FTCI) shares changed hands as the company’s beta touched 1.65. With the company’s per share price at $0.53 changed hands at -$0.01 or -1.64% during last session, the market valuation stood at $67.09M. FTCI’s last price was a discount, traded about -630.19% off its 52-week high of $3.87. The share price had its 52-week low at $0.28, which suggests the last value was 47.17% up since then. When we look at FTC Solar Inc’s average trading volume, we note the 3-month average coming to 739.40K.
FTC Solar Inc (NASDAQ:FTCI) trade information
Instantly FTCI was in red as seen at the end of in last trading. With action 19.17%, the performance over the past five days has been green. The drop to weekly highs of 0.5808 subtracted -1.64% to the stock’s daily price. The company’s shares are showing year-to-date downside of -22.91%, with the 5-day performance at 19.17% in the green. However, in the 30-day time frame, FTC Solar Inc (NASDAQ:FTCI) is -3.24% down.
FTC Solar Inc (FTCI) estimates and forecasts
Data shows that the FTC Solar Inc share is performing relatively much better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -56.22% over the past 6 months, a 37.93% in annual growth rate that is considerably higher than the industry average of -11.20%. Year-over-year growth is forecast to reach 19.70% up from the last financial year.
Consensus estimates given by 6 financial analysts project the company’s revenue in the current quarter to hit an average of 12.91M. 6 analysts are of the opinion that FTC Solar Inc’s revenue for the current quarter will be 23.58M. The company’s revenue for the corresponding quarters a year ago was 40.89M and 32.36M respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -68.40%. The estimates for the next quarter sales put growth at -27.10%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of -27.59%. The 2024 estimates are for FTC Solar Inc earnings to increase by 33.18%.
