FTC Solar Inc (NASDAQ:FTCI) has a beta value of 1.33 and has seen 0.45 million shares traded in the recent trading session. The company, currently valued at $35.66M, closed the recent trade at $2.78 per share which meant it gained $0.28 on the day or 11.00% during that session. The FTCI stock price is -166.19% off its 52-week high price of $7.40 and 36.69% above the 52-week low of $1.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 30520.0 shares traded. The 3-month trading volume is 90.89K shares.
The consensus among analysts is that FTC Solar Inc (FTCI) is Hold stock at the moment, with a recommendation rating of 2.20. 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 -0.84.
FTC Solar Inc (NASDAQ:FTCI) trade information
Sporting 11.00% in the green today, 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 $2.78 or saw a rise of 13.13%. Year-to-date, FTC Solar Inc shares have moved -49.64%, while the 5-day performance has seen it change -7.81%. Over the past 30 days, the shares of FTC Solar Inc (NASDAQ:FTCI) have changed -12.18%. Short interest in the company has seen 0.81 million shares shorted with days to cover at 8.1.
Wall Street analysts have a consensus price target for the stock at $30, which means that the shares’ value could jump 90.73% from the levels at last check today.. The projected low price target is $4.0 while the price target rests at a high of $60.0. In that case, then, we find that the latest price level in today’s session is -2058.27% off the targeted high while a plunge would see the stock gain -43.88% from the levels at last check today..
FTC Solar Inc (FTCI) estimates and forecasts
The company’s shares have lost -49.50% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -63.98%.
5 analysts offering their estimates for the company have set an average revenue estimate of 11.61M for the current quarter. 3 have an estimated revenue figure of 23.47M for the next ending quarter. Year-ago sales stood 23.2M and 12.59M respectively for this quarter and the next, and analysts expect sales will shrink by -49.96% for the current quarter and -63.98% 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 on 2024-Nov-11 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 38.80% of the company shares, while shares held by institutions stand at 5.41% with a share float percentage of 8.84%. Investors are also buoyed by the number of investors in a company, with FTC Solar Inc having a total of 36.0 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.
Also the top two Mutual Funds that are holding company’s shares are VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund and VANGUARD INDEX FUNDS-Vanguard Extended Market Index Fund . As of Dec 31, 2024 , the former fund manager holds about 1.26% shares in the company for having 161.35 shares of worth $0.41 million while later fund manager owns 81.86 shares of worth $0.21 million as of Dec 31, 2024 , which makes it owner of about 0.64% of company’s outstanding stock.
