During the last session, FTC Solar Inc (NASDAQ:FTCI)’s traded shares were 4.41 million, with the beta value of the company hitting 1.55. At the end of the trading day, the stock’s price was $0.25, reflecting an intraday loss of -33.40% or -$0.13. The 52-week high for the FTCI share is $3.51, that puts it down -1304.0 from that peak though still a striking -12.0% loss since the share price plummeted to a 52-week low of $0.28. The company’s market capitalization is $31.90M, and the average intraday trading volume over the past 10 days was 0.43 million shares, and the average trade volume was 629.09K shares over the past three months.
FTC Solar Inc (FTCI) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 2.14. FTCI has a Sell rating from 0 analyst(s) out of 10 analysts who have looked at this stock. 5 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 4 recommend a Buy rating for it.
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FTC Solar Inc (NASDAQ:FTCI) trade information
FTC Solar Inc (FTCI) registered a -33.40% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -33.40% in intraday trading to $0.25, hitting a weekly high. The stock’s 5-day price performance is -38.35%, and it has moved by -30.44% in 30 days. Based on these gigs, the overall price performance for the year is -92.68%. The short interest in FTC Solar Inc (NASDAQ:FTCI) is 5.83 million shares and it means that shorts have 5.69 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies an increase of 95.83% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $0.4 and $10 respectively. As a result, FTCI is trading at a discount of -3900.0% off the target high and -60.0% 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 -46.54% during the last six months, with a year-to-date growth rate more than the industry average at 20.69% against -5.50.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -27.59%. While earnings are projected to return 23.31% in 2024.
FTC Solar Inc (NASDAQ:FTCI)’s Major holders
FTC Solar Inc insiders own 37.39% of total outstanding shares while institutional holders control 20.47%, with the float percentage being 32.70%. MORGAN STANLEY is the largest shareholder of the company, while 106.0 institutions own stock in it. As of 2024-03-31, the company held over 4.43 million shares (or 3.837% of all shares), a total value of $2.39 million in shares.
The next largest institutional holding, with 3.9 million shares, is of BLACKROCK INC.’s that is approximately 3.378% of outstanding shares. At the market price on 2024-03-31, these shares were valued at $2.1 million.
