First Solar Inc. (NASDAQ:FSLR) went up by 1.61% during the previous trading session, and it is maintaining the win ahead of Thursday’s trading session. The share price of the Solar giant went up by $49.88 to trade ended Thursday trading at $49.09. This is up from the $49.09 price recorded on Wednesday’s trading session. Thanks to this latest performance, FSLR is closer to the higher price 52-week target of $75.00 and further from the lowest price target of $37.00. Its performance from the start of the year has also been negative, with FSLR down by -10.86% year-to-date.
First Solar Inc. (FSLR) started the day trading at $49.97 and recorded an intraday high of $50.99. It also recorded an intraday low of $49.78 during Thursday’s trading session. First Solar Inc. is a very active stock that recorded a trading volume that is less than -40.45% of the average daily trading volume on Thursday. The stock’s trading volume on Thursday was 890024, which is less than -40.45 of the total average daily trading volume of 1.25 million.
First Solar Inc. (NASDAQ:FSLR) 2020 Performance Impressive
The increase in FSLR’s stock price on Thursday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of FSLR currently stands at $69.24, which is higher than the current trading price of the stock by 27.96%. However, FSLR’s current trading price is -75.2% lower than the 52-week low price of $28.47. In terms of trading volume, First Solar Inc. currently experienced healthy participation during the last trading session. 890024 shares of First Solar Inc. were traded on the stock exchange on Thursday, which is less than -40.45% of the 1.25 million average trading volume of the stock.
The performance of the stock has been positive over the past year. FSLR’s performance over the past one year has seen it plunge by -24.64%, while the stock has gone down by -12.86% in the last six months. The quarterly performance of FSLR currently stands at 41.26%, and it is up by 0.77% in the last month. The only negative figure was from the weekly performance, which currently reads -0.99%. At the time of writing FSLR’s report, the company has a total market cap of $5.46B, making it one of the largest publicly-traded companies in the world.First Solar Inc. also has over 6600 employees all over the world.
FSLR Insider Activities
For First Solar Inc., insiders hold 66.40% of all company shares. The insider transactions over the past six months are up by 0.90%. During that period, insiders bought 346,302 shares in 46 transactions. In that same period, insiders sold 237,492 of their shares in 54 transactions. After these transactions, insiders at First Solar Inc. now hold 30.05M shares, which is over 66.94% of the total company stocks. Institutional investors currently hold a large chunk of the FSLR shares, as they control 28.37% of the company’s total stock.
FSLR Fundamental Analysis
For First Solar Inc., the stock’s diluted earnings per share (EPS) stands at 0.40. In the coming year, analysts expect the EPS to be 3.47. The EPS growth will up over the next five years to 27.59% after plunging by -17.90% in the previous five years. In terms of revenue, First Solar Inc.’s quarterly sales (YOY) is growing at 0.23, which is higher than the average annual revenue of -17.90% over the past half a decade.
The Return on Investment (ROI) on First Solar Inc.’s stock currently stands at -2.80%, and it has a net profit margin of 1.40%. The operating margin of the company is -2.70%, and its gross margin is 20.90%.
FSLR Analysts Prediction
Cascend Securities reiterate their Buy position on the stock ($75 and $60)
FSLR received a positive rating from JP Morgan, which set a price target of $70-$72 for the stock.
At the moment, First Solar Inc.’s Total Debt to Equity ratio stands at 0.09, and they have a long-term Debt to Equity ratio of 0.08.
FSLR Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of FSLR currently stands at -1.05%, while the SMA50 is 7.69%. The biggest one is the SMA200, which is currently reading 0.11% ahead of Thursday’s trading session. The Relative Strength Index of this stock is 53.13, while its price to earnings ratio (P/E) is 124.39.