FTC Solar, Inc. (NASDAQ:FTCI – Get Free Report) Director Ahmad R. Chatila bought 97,400 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was purchased at an average cost of $0.51 per share, with a total value of $49,674.00. Following the completion of the transaction, the director now directly owns 967,458 shares in the company, valued at $493,403.58. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.
FTC Solar Stock Performance
Shares of FTCI stock opened at $0.59 on Thursday. The firm’s 50 day moving average is $0.53 and its 200 day moving average is $0.79. FTC Solar, Inc. has a 12-month low of $0.28 and a 12-month high of $3.87.
FTC Solar (NASDAQ:FTCI – Get Free Report) last posted its quarterly earnings results on Wednesday, March 13th. The company reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.01. The business had revenue of $23.20 million for the quarter, compared to analysts’ expectations of $22.80 million. FTC Solar had a negative return on equity of 59.79% and a negative net margin of 39.60%. During the same period last year, the firm earned ($0.16) earnings per share. On average, analysts predict that FTC Solar, Inc. will post -0.24 earnings per share for the current year.
Institutional Trading of FTC Solar
Analysts Set New Price Targets
FTCI has been the subject of several recent analyst reports. Northland Securities upped their target price on shares of FTC Solar from $0.65 to $1.00 and gave the stock a “market perform” rating in a research note on Friday, December 15th. HC Wainwright dropped their price objective on shares of FTC Solar from $2.50 to $1.50 and set a “buy” rating on the stock in a report on Thursday, March 14th. Roth Mkm reaffirmed a “neutral” rating and set a $0.45 price objective (down previously from $2.00) on shares of FTC Solar in a research note on Thursday, March 14th. Finally, Roth Capital lowered FTC Solar from a “buy” rating to a “neutral” rating in a research report on Thursday, March 14th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $1.49.
View Our Latest Report on FTC Solar
About FTC Solar
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
- Five stocks we like better than FTC Solar
- How to Calculate Inflation Rate
- Krispy Kreme’s Sweet Deal: McDonald’s Partnership Sparks Growth?
- Dividend Tax Calculator
- Bitcoin Depot Falls Into Value Territory With Expansion Underway
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- 7 Stocks That Will Drive the Weight Loss Drugs Market
Receive News & Ratings for FTC Solar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for FTC Solar and related companies with MarketBeat.com's FREE daily email newsletter.