With 2.27 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.8 million shares. During the session, the Solar company that operates in wider Technology sector, reached to the highest price of $195.7 whereas the lowest price it dropped to was $187.75. The 52-week range on FSLR shows that it touched its highest point at $306.77 and its lowest point at $135.88 during that stretch. It currently has a 1-year price target of $279.55. Beta for the stock currently stands at 1.47.
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Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FSLR was down-trending over the past week, with a drop of -7.22%, but this was down by -1.14% over a month. Three-month performance dropped to -22.14% while six-month performance fell -28.24%. The stock gained 11.62% in the past year, while it has gained 9.28% so far this year. A look at the trailing 12-month EPS for FSLR yields 11.61 with Next year EPS estimates of 20.58. For the next quarter, that number is 4.83. This implies an EPS growth rate of 70.84% for this year and 55.61% for next year. EPS is expected to grow by 31.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 41.58%.
Float and Shares Shorts:
At present, 107.06 million FSLR shares are outstanding with a float of 99.72 million shares on hand for trading. On 2024-11-29, short shares totaled 6.35 million, which was 592.99998 higher than short shares on 1730332800. In addition to Mr. Mark R. Widmar as the firm’s CEO & Director, Mr. Alexander R. Bradley serves as its Chief Financial Officer.
Institutional Ownership:
Through their ownership of 0.90431 of FSLR’s outstanding shares, institutional investors have minority control over the company.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-09-30, FSLR reported revenue of $887668000.0 and operating income of $321999000.0. The EBITDA in the recently reported quarter was $452666000.0 and diluted EPS was $2.91.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FSLR since 28 analysts follow the stock currently. There are 24 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With FSLR analysts setting a high price target of 360.0 and a low target of 190.0, the average target price over the next 12 months is 272.2191. Based on these targets, FSLR could surge 91.21% to reach the target high and rise by 0.92% to reach the target low. Reaching the average price target will result in a growth of 44.59% from current levels.
Analysts have provided yearly estimates in a range of $13.91507 being high and $12.95195 being low. For FSLR, this leads to a yearly average estimate of $13.22283. Based on analyst estimates, the high estimate for the next quarter is $5.22 and the low estimate is $2.55. The average estimate for the next quarter is thus $4.09.
