In Monday’s session, FTC Solar Inc. (NASDAQ:FTCI) marked $3.15 per share, up from $2.91 in the previous session. While FTC Solar Inc. has overperformed by 8.25%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, FTCI fell by -28.08%, with highs and lows ranging from $6.82 to $1.78, whereas the simple moving average fell by -8.28% in the last 200 days.
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On July 19, 2022, Piper Sandler Upgraded FTC Solar Inc. (NASDAQ: FTCI) to Neutral. A report published by ROTH Capital on June 06, 2022, Upgraded its rating to ‘Buy’ for FTCI. Northland Capital also rated FTCI shares as ‘Outperform’, setting a target price of $7 on the company’s shares in an initiating report dated May 23, 2022. Piper Sandler April 21, 2022d the rating to Underweight on April 21, 2022, and set its price target from $4 to $3. Piper Sandler April 08, 2022d its ‘Overweight’ rating to ‘Neutral’ for FTCI, as published in its report on April 08, 2022. ROTH Capital’s report from January 24, 2022 suggests a price prediction of $4 for FTCI shares, giving the stock a ‘Neutral’ rating. BofA Securities also rated the stock as ‘Underperform’.
Analysis of FTC Solar Inc. (FTCI)
Further, the quarter-over-quarter decrease in sales is -68.70%, showing a negative trend in the upcoming months.
FTC Solar Inc.’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -92.70% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.90, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and FTCI has an average volume of 1.25M. On a monthly basis, the volatility of the stock is set at 8.96%, whereas on a weekly basis, it is put at 9.11%, with a gain of 25.00% over the past seven days. Furthermore, long-term investors anticipate a median target price of $4.50, showing growth from the present price of $3.15, which can serve as yet another indication of whether FTCI is worth investing in or should be passed over.
How Do You Analyze FTC Solar Inc. Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 11.10%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 29.80% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
Are institutional investors increasing their holdings in FTCI shares?
The recent increase in stakes in FTCI appears to be a result of several institutional investors and hedge funds increasing their positions. Invesco Capital Management LLC’s position in FTCI has increased by 61.10% in the first quarter. The company now owns 5,352,406 shares of the stock, with a value of $14.34 million, following the purchase of 2,029,944 additional shares during the last quarter. Hill City Capital LP made another increased to its shares in FTCI during the first quarter, upping its stake by 11.47%. During the last quarter, the company picked up 430,000 additional shares for a total stake of worth $11.2 million, bringing number of shares owned by the company to 4,180,000.
During the first quarter, Cinctive Capital Management LP added a 322,611 position in FTCI. BlackRock Fund Advisors sold an additional 69853.0 shares in the last quarter, decreasing its holdings by -2.53%, now holding 2.69 million shares worth $7.2 million. At the end of the first quarter, The Vanguard Group, Inc. increased its FTCI holdings by 10.60% and now holds 1.84 million FTCI shares valued at $4.94 million with the added 0.18 million shares during the period. FTCI shares are owned by institutional investors to the tune of 29.80% at present.