FTC Solar, Inc. (NASDAQ:FTCI - Get Free Report)'s stock price traded down 3.2% during mid-day trading on Wednesday . The company traded as low as $5.07 and last traded at $5.22. 129,359 shares traded hands during mid-day trading, an increase of 18% from the average session volume of 110,005 shares. The stock had previously closed at $5.39.
Analyst Ratings Changes
Separately, Roth Mkm boosted their price target on FTC Solar from $3.00 to $3.50 and gave the company a "neutral" rating in a research note on Friday, May 2nd.
Get Our Latest Stock Report on FTC Solar
FTC Solar Price Performance
The company has a fifty day simple moving average of $4.86 and a two-hundred day simple moving average of $3.77. The company has a market capitalization of $69.17 million, a price-to-earnings ratio of -1.19 and a beta of 1.40. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.04 and a current ratio of 1.16.
Institutional Trading of FTC Solar
An institutional investor recently raised its position in FTC Solar stock. Goldman Sachs Group Inc. boosted its stake in FTC Solar, Inc. (NASDAQ:FTCI - Free Report) by 81.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,581 shares of the company's stock after buying an additional 13,715 shares during the quarter. Goldman Sachs Group Inc. owned approximately 0.23% of FTC Solar worth $88,000 at the end of the most recent quarter. 45.36% of the stock is owned by institutional investors and hedge funds.
About FTC Solar
(
Get Free Report)
FTC Solar, Inc engages in the provision of solar tracker systems, software, and engineering services in the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia. The company offers a self-powered, two-panel in-portrait, and single-axis tracker solution under the Voyager brand name; and a one module-in-portrait solar tracker solution under the Pioneer brand name.
Featured Articles
Before you consider FTC Solar, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FTC Solar wasn't on the list.
While FTC Solar currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
