FTC Solar Inc (NASDAQ:FTCI) has a beta value of 1.80 and has seen 1.98 million shares traded in the last trading session. The FTCI stock price is -142.86% off its 52-week high price of $1.36 and 67.86% above the 52-week low of $0.18. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.4 million shares traded. The 3-month trading volume is 6.89 million shares.
The consensus among analysts is that FTC Solar Inc (FTCI) is Hold stock at the moment, with a recommendation rating of 1.80. 0 analysts rate the stock as a Sell, while 1 rate it as Overweight. 5 out of 10 have rated it as a Hold, with 4 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.08.
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FTC Solar Inc (NASDAQ:FTCI) trade information
Sporting -1.19% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the FTCI stock price touched $0.56 or saw a rise of 16.42%. Year-to-date, FTC Solar Inc shares have moved -19.75%, while the 5-day performance has seen it change -12.58%. Over the past 30 days, the shares of FTC Solar Inc (NASDAQ:FTCI) have changed 5.66%. Short interest in the company has seen 5.71 million shares shorted with days to cover at 2.31.
Wall Street analysts have a consensus price target for the stock at $6, which means that the shares’ value could jump 90.67% from current levels. The projected low price target is $0.4 while the price target rests at a high of $10.0. In that case, then, we find that the current price level is -1685.71% off the targeted high while a plunge would see the stock lose 28.57% from current levels.
FTC Solar Inc (FTCI) estimates and forecasts
Figures show that FTC Solar Inc shares have outperformed across the wider relevant industry. The company’s shares have gained 4.10% over the past 6 months, with this year growth rate of -13.79%, compared to -17.70% for the industry. Revenue growth from the last financial year stood is estimated to be -55.60%.
5 analysts offering their estimates for the company have set an average revenue estimate of 9.89M for the current quarter. 5 have an estimated revenue figure of 22.44M for the next ending quarter. Year-ago sales stood 30.55M and 23.2M respectively for this quarter and the next, and analysts expect sales will shrink by -67.60% for the current quarter and -55.60% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -27.59% over the past 5 years.
FTCI Dividends
FTC Solar Inc is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
FTC Solar Inc (NASDAQ:FTCI)’s Major holders
Insiders own 38.56% of the company shares, while shares held by institutions stand at 16.06% with a share float percentage of 26.14%. Investors are also buoyed by the number of investors in a company, with FTC Solar Inc having a total of 88.0 institutions that hold shares in the company. The top two institutional holders are MORGAN STANLEY with over 4.35 million shares worth more than $1.54 million. As of 2024-06-30, MORGAN STANLEY held 3.4662% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 2.45 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.87 million and represent 1.9533% of shares outstanding.
