First Solar Inc (NASDAQ:FSLR) shares, rose in value, with the stock price up by 1.33% to the previous day’s close as strong demand from buyers drove the stock to $216.43.
Actively observing the price movement in the last trading, the stock closed the session at $213.58. The PE ratio was 22.69 over 12-month period. Referring to stock’s 52-week performance, its high was $306.77, and the low was $129.21. On the whole, FSLR has fluctuated by -17.51% over the past month.
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Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that FSLR’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0.39, with the price of FSLR currently trading nearly -7.05% and -9.81% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 41.54, while the 7-day volatility ratio is showing 4.53% which for the 30-day chart, stands at 4.69%. Furthermore, First Solar Inc (FSLR)’s beta value is 1.44, and its average true range (ATR) is 12.10.
A comparison of First Solar Inc (FSLR) with its peers suggests the former has fared considerably weaker in the market. FSLR showed an intraday change of 1.33% in last session, and over the past year, it grew by 8.99%%.
Data on historical trading for First Solar Inc (NASDAQ:FSLR) indicates that the trading volumes over the past 3 months, they’ve averaged 3.08 million. According to company’s latest data on outstanding shares, there are 106.85 million shares outstanding.
Nearly 5.60% of First Solar Inc’s shares belong to company insiders and institutional investors own 90.25% of the company’s shares. The stock has risen by 25.63% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the FSLR stock heading into the next quarter.
