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Saturday, December 9, 2023

There’s No Need To Panic Or Freeze When It Comes To FTC Solar Inc (NASDAQ: FTCI)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for FTC Solar Inc (FTCI) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.0044, or -0.79%, to $0.55. The FTC Solar Inc has recorded 6,048 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that FTC Solar Announces Third Quarter 2023 Financial Results and Leadership Transition.

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Stocks Info

The company is listed on the NASDAQ and operates within the Solar industry segment. At the end of the last regular session, the stock closed at $0.55 and fluctuated between $0.5750 as its day high and $0.5000 as its day low. The current market capitalization of FTC Solar Inc is $69.31M. A total of 2.02 million shares were traded on the day, compared to an average of 2.25M shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. 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 109 SELLs from insiders. Insiders purchased 3,368,828 shares during that period but sold 6,171,220.

In the most recent transaction, PRIDDY WILLIAM A bought 20,000 shares of FTCI for 0.52 per share on Nov 17. After the transaction, the Director now owns 377,032 company shares. In a previous transaction on Nov 15, Behnen Cathy bought 100,000 shares at 0.52 per share. FTCI shares that CHIEF FINANCIAL OFFICER owns now total 351,989.

Among the insiders who bought shares, Chatila Ahmad R acquired of 213,030 shares on Nov 14 at a per-share price of $0.47. This resulted in the Director holding 554,648 shares of FTCI after the transaction. In another insider transaction, Aminpour Sasan bought 220,000 shares at $0.44 per share on Nov 09. Company shares held by the Chief Operating Officer now total 1,429,724.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. 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 equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on 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 may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. 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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