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Navigating FTCI Stock: FTC Solar Inc. Journey

FTC Solar Inc. (FTCI) currently has a stock price of $2.95. The stock saw a sharp increase in the last trading session, hitting a high of $3.39 after opening at $3.39. The lowest recorded price for the day was $3.23 before it closed at $3.24.

The stock market performance of FTC Solar Inc. has been fairly unsteady. Over the last year, the company’s stock hit its highest at $6.14 on 06/08/22, while the lowest price during the same time frame was $1.78, recorded on 11/09/22.

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52-week price history of FTCI Stock

Analyzing the 52-week price history of a stock, including its high and low prices, can provide valuable insight into its current status and potential future performance. FTC Solar Inc.’s current trading price is -51.93% away from its 52-week high, while its distance from the 52-week low is 65.81%. The stock’s price range for this period has remained between $1.78 and $6.14. The Technology sector company’s shares managed to surpass a trading volume of around 0.91 million for the day, which was noticeably lower compared to the shares’ average daily volume of 1.43 million over the last three months.

Financial Performance and Market Capitalization

FTC Solar Inc. (FTCI) has experienced a quarterly rise of 9.72% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 354.81M and boasts a workforce of 221 employees.

Analysts’ Ratings For FTC Solar Inc.

As of right now, 8 analysts are rating FTC Solar Inc. as a BUY, 0 of the polled analysts branded the stock as an OVERWEIGHT, 1 analyst is recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 analyst is rating the stock as SELL.

Moving average and trading volume data

Based on Barchart.com data, the company’s moving average over the 100-day period was 2.70, with a change in price of +0.32. Similarly, FTC Solar Inc. recorded 1,289,768 in trading volume during the last 100 days, posting a change of +11.89%.

FTCI Debt-to-equity ratio analysis

The debt-to-equity (D/E) ratio is a valuable metric that offers insight into a company’s financial health and standing in the market. This ratio is calculated by dividing a company’s current total liabilities by its shareholders’ equity. The D/E ratio illustrates the extent of debt a company is utilizing to support its assets in relation to the value of its shareholders’ equity. At the time of writing, the total D/E ratio for FTCI stands at 0.00. Similarly, the long-term debt-to-equity ratio is also 0.00.

FTCI Stock Stochastic Average

As of today, the raw stochastic average of FTC Solar Inc. over the last 50 days is at 64.67%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 47.26%. Further, the company’s Stochastic %K and %D values for the last 20 days were 67.89% and 75.33%, respectively.

FTCI Stock Price Performance Analysis

Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. Year to date metric has recorded a gain of 10.13%.However, over the last six months, we can see a weaker performance of 41.22%. Over the last 30 days, the price of FTCI has fallen by 14.84%. And in the last five days, it has fallen by -2.27%.

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