Is This The Right Time To Buy First Solar Inc (NASDAQ: FSLR) Stock?

AMMJ Stock

First Solar Inc (NASDAQ:FSLR) price closed lower on Monday, June 17, dropping -4.49% below its previous close.

A look at the daily price movement shows that the last close reads $273.61. The company’s P/E ratio in the trailing 12-month period read 27.40. Taking into account the 52-week price action we note that the stock hit a 52-week high of $306.77 and 52-week low of $129.21. The stock added 34.28% on its value in the past month.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Technical indicators in stocks provide crucial insights into market trends, guiding investors with precise entry and exit points based on price movements for informed decision-making.On the technical perspective front, indicators give FSLR a short term outlook of 50% Buy on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Buy, while an average of long term indicators are currently assigning the stock as 100% Buy.

If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.47. The overview shows that FSLR’s price is at present -1.09% off the SMA20 and 21.29% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 54.05, with weekly volatility standing at 6.20%. The indicator jumps to 6.44% when calculated based on the past 30 days. First Solar Inc (NASDAQ:FSLR)’s beta value is holding at 1.47, while the average true range (ATR) indicator is currently reading 14.77.

An analysis of the First Solar Inc (NASDAQ:FSLR) stock in terms of its daily trading volume indicates that the 3-month average is 2.65 million.

Current records show that the company has 106.85M in outstanding shares. The insiders’ percentage holdings are 5.60% of outstanding shares while the percentage share held by institutions stands at 90.30%. But the 51.69% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.

Most Popular