During the last session, FTC Solar Inc (NASDAQ:FTCI)’s traded shares were 0.51 million, with the beta value of the company hitting 1.79. The 52-week high for the FTCI share is $1.49, that puts it down -231.11 from that peak though still a striking 60.0% gain since the share price plummeted to a 52-week low of $0.18. The company’s market capitalization is $57.44M, and the average intraday trading volume over the past 10 days was 1.7 million shares, and the average trade volume was 6.69 million 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 1.80. 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. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.07.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
FTC Solar Inc (NASDAQ:FTCI) trade information
FTC Solar Inc (FTCI) registered a -0.62% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -0.62% in intraday trading to $0.45, hitting a weekly high. The stock’s 5-day price performance is -14.54%, and it has moved by 26.68% in 30 days. Based on these gigs, the overall price performance for the year is -67.65%. The short interest in FTC Solar Inc (NASDAQ:FTCI) is 3.55 million shares and it means that shorts have 0.19 day(s) to cover.
The consensus price target of analysts on Wall Street is $6, which implies an increase of 92.5% 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 -2122.22% off the target high and 11.11% 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 -5.33% during the last six months, with a year-to-date growth rate more than the industry average at 13.79% against -4.20. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to grow 12.50% this quarter and then jump 50.00% in the quarter after that. In the rating firms’ projections, revenue will decrease -44.40% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 16.22M as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to 30.09M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 30.55M and 23.2M respectively. In this case, analysts expect current quarter sales to shrink by -46.90% and then jump by 29.70% in the coming quarter.
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 7.64% in 2024.
FTCI Dividends
FTC Solar Inc is due to release its next quarterly earnings on 2024-Nov-06. 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 43.78% of total outstanding shares while institutional holders control 16.14%, with the float percentage being 28.72%. MORGAN STANLEY is the largest shareholder of the company, while 90.0 institutions own stock in it. As of 2024-06-30, the company held over 4.35 million shares (or 3.4662% of all shares), a total value of $1.54 million in shares.
The next largest institutional holding, with 2.45 million shares, is of VANGUARD GROUP INC’s that is approximately 1.9533% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.87 million.
Also, the Mutual Funds coming in first place with the largest holdings of FTC Solar Inc (FTCI) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . Data provided on Jun 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 1.61 shares. This amounts to just over 1.27 percent of the company’s overall shares, with a $0.73 million market value. The same data shows that the other fund manager holds slightly less at 818.58, or about 0.64% of the stock, which is worth about $0.37 million.
