FTC Solar Inc (NASDAQ:FTCI) shares traded 20.42% higher at $0.55 on Wall Street last session.
FTCI stock price is now 68.53% away from the 50-day moving average and 13.75% away from the 200-day moving average. The market capitalization of the company currently stands at $69.94M.
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On November 09, 2023, Northland Capital Downgraded its previous ‘Outperform’ rating to ‘Market Perform’ on the stock keeping its target price maintained at $0.65, while ‘UBS’ rates the stock as ‘Neutral’
In other news, Chatila Ahmad R, Director bought 238,000 shares of the company’s stock on Sep 06 ’24. The stock was bought for $49,980 at an average price of $0.21. Upon completion of the transaction, the Director now directly owns 1,951,046 shares in the company, valued at $1.07 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 04 ’24, Director Chatila Ahmad R bought 110,000 shares of the business’s stock. A total of $25,300 was incurred on buying the stock at an average price of $0.23. This leaves the insider owning 1,713,046 shares of the company worth $0.94 million. A total of 49.06% of the company’s stock is owned by insiders.
During the past 12 months, FTC Solar Inc has had a low of $0.18 and a high of $1.57. As of last week, the company has a debt-to-equity ratio of 0.04, a current ratio of 1.64, and a quick ratio of 1.14. The fifty day moving average price for FTCI is $0.3304 and a two-hundred day moving average price translates $0.48183 for the stock.
The latest earnings results from FTC Solar Inc (NASDAQ: FTCI) was released for 2024-06-30. The net profit margin was -63.17% and return on equity was -79.47% for FTCI. The company reported revenue of $11.43 million for the quarter, compared to $32.36 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -64.68 percent.
