Shares of FTC Photo voltaic, Inc. (NASDAQ:FTCI – Get Free Report) have been given a mean advice of “Reasonable Purchase” by the eight analysts which are presently overlaying the corporate, MarketBeat experiences. 5 analysts have rated the inventory with a maintain advice, two have issued a purchase advice and one has given a powerful purchase advice to the corporate. The common 12-month worth goal amongst analysts which have issued scores on the inventory within the final yr is $1.11.
A number of analysis analysts just lately weighed in on the inventory. TD Cowen diminished their worth goal on shares of FTC Photo voltaic from $1.50 to $1.00 and set a “purchase” ranking on the inventory in a analysis be aware on Friday, August ninth. UBS Group diminished their worth goal on shares of FTC Photo voltaic from $0.50 to $0.30 and set a “impartial” ranking on the inventory in a analysis report on Friday, August ninth.
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Insider Exercise
In different information, Director Ahmad R. Chatila purchased 238,000 shares of the inventory in a transaction on Friday, September sixth. The inventory was bought at a mean worth of $0.21 per share, for a complete transaction of $49,980.00. Following the acquisition, the director now owns 1,951,046 shares within the firm, valued at $409,719.66. The transaction was disclosed in a authorized submitting with the SEC, which is accessible by means of the SEC web site. In different information, Director Ahmad R. Chatila bought 238,000 shares of FTC Photo voltaic inventory in a transaction on Friday, September sixth. The inventory was bought at a mean worth of $0.21 per share, with a complete worth of $49,980.00. Following the transaction, the director now immediately owns 1,951,046 shares within the firm, valued at roughly $409,719.66. The acquisition was disclosed in a authorized submitting with the SEC, which is out there at the SEC web site. Additionally, Director Ahmad R. Chatila bought 110,000 shares of the agency’s inventory in a transaction dated Wednesday, September 4th. The shares had been acquired at a mean price of $0.23 per share, with a complete worth of $25,300.00. Following the completion of the acquisition, the director now immediately owns 1,713,046 shares within the firm, valued at $394,000.58. The disclosure for this buy might be discovered right here. Insiders bought 1,282,137 shares of firm inventory price $304,558 over the past quarter. 23.10% of the inventory is at the moment owned by firm insiders.
Institutional Traders Weigh In On FTC Photo voltaic
A number of institutional traders and hedge funds have just lately added to or diminished their stakes in FTCI. GSA Capital Companions LLP elevated its place in shares of FTC Photo voltaic by 162.2% through the 1st quarter. GSA Capital Companions LLP now owns 1,923,411 shares of the corporate’s inventory price $1,037,000 after buying an extra 1,189,960 shares over the past quarter. TTP Investments Inc. purchased a brand new place in shares of FTC Photo voltaic within the first quarter valued at $80,000. Point72 Asia Singapore Pte. Ltd. acquired a brand new place in FTC Photo voltaic through the second quarter price $42,000. Mercer International Advisors Inc. ADV raised its place in FTC Photo voltaic by 527.9% through the second quarter. Mercer International Advisors Inc. ADV now owns 99,120 shares of the corporate’s inventory price $35,000 after buying an extra 83,334 shares within the final quarter. Lastly, Fifth Lane Capital LP lifted its stake in FTC Photo voltaic by 200.0% within the first quarter. Fifth Lane Capital LP now owns 75,000 shares of the corporate’s inventory valued at $40,000 after buying an extra 50,000 shares over the past quarter. 45.36% of the inventory is owned by institutional traders.
FTC Photo voltaic Inventory Efficiency
Shares of FTC Photo voltaic inventory opened at $0.65 on Friday. The agency has a fifty day transferring common of $0.35 and a two-hundred day transferring common of $0.42. The inventory has a market capitalization of $81.02 million, a price-to-earnings ratio of -1.65 and a beta of 1.53. FTC Photo voltaic has a 52 week low of $0.18 and a 52 week excessive of $1.49.
FTC Photo voltaic (NASDAQ:FTCI – Get Free Report) final launched its quarterly earnings information on Thursday, August eighth. The corporate reported ($0.10) EPS for the quarter, beating analysts’ consensus estimates of ($0.11) by $0.01. FTC Photo voltaic had a adverse return on fairness of 75.67% and a adverse internet margin of 63.17%. The enterprise had income of $11.43 million through the quarter, in comparison with the consensus estimate of $13.09 million. As a gaggle, analysis analysts forecast that FTC Photo voltaic will publish -0.32 EPS for the present fiscal yr.
About FTC Photo voltaic
FTC Photo voltaic, Inc engages within the provision of photo voltaic tracker methods, software program, and engineering providers in the US, Asia, Europe, the Center East, North Africa, South Africa, and Australia. The corporate provides a self-powered, two-panel in-portrait, and single-axis tracker answer below the Voyager model identify; and a one module-in-portrait photo voltaic tracker answer below the Pioneer model identify.
Additional Studying
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