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Wednesday, December 6, 2023

There’s No Getting Around FTC Solar Inc (NASDAQ: FTCI) Success

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. After-hours trades for FTC Solar Inc (FTCI) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.0104, or 2.05%, to $0.5188. The FTC Solar Inc has recorded 13,317 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted FTC Solar Announces Third Quarter 2023 Financial Results and Leadership Transition.

Stocks Info

FTCI belongs to the Technology sector of the NASDAQ while operating in the Solar industry. At the end of the last regular session, the stock closed at $0.51 and fluctuated between $0.5299 as its day high and $0.4800 as its day low. The current market capitalization of FTC Solar Inc is $63.56M. A total of 2.22 million shares were traded on the day, compared to an average of 2.23M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, FTCI has seen 4 BUY and 15 SELL insider trades, representing the acquisition of 456,850 and the disposition of 740,000 shares. Over the last 12 months, there were 51 BUYs and 110 SELLs from insiders. Insiders purchased 3,368,828 shares during that period but sold 6,205,220.

In the most recent transaction, Chatila Ahmad R bought 213,030 shares of FTCI for 0.47 per share on Nov 14. After the transaction, the Director now owns 554,648 company shares. In a previous transaction on Nov 09, Aminpour Sasan bought 220,000 shares at 0.44 per share. FTCI shares that Chief Operating Officer owns now total 1,429,724.

Among the insiders who bought shares, Morris Robert Phelps acquired of 72,000 shares on Sep 14 at a per-share price of $1.40. This resulted in the Chief Financial Officer holding 508,709 shares of FTCI after the transaction. In another insider transaction, PRIDDY WILLIAM A bought 17,000 shares at $1.43 per share on Sep 14. Company shares held by the Director now total 357,032.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for FTCI in the last 3 months, the mean price target is $1.29 with high estimates of $2.50 and low estimates of $0.20. In terms of 52-week highs and lows, FTCI has a high of $3.87 and a low of $0.28.

As of this writing, FTCI has an earnings estimate of -$0.08 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of -$0.07 per share and a lower estimate of -$0.08. The company reported an EPS of -$0.06 in the last quarter, which was -50.00% lower than expectations of -$0.04.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. FTCI’s latest balance sheet shows that the firm has $102.19M in Cash & Short Term Investments as of fiscal 2021. There were $1.79M in debt and $93.25M in liabilities at the time. Its Book Value Per Share was $0.59, while its Total Shareholder’s Equity was $142.87M.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FTCI is Buy with a score of 4.25.

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