Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. First Solar Inc’s current trading price is -42.67% away from its 52-week high, while its distance from the 52-week low is 29.44%. The stock’s price range during this period has varied between $135.88 and $306.77. The company, active in the Technology sector, saw a trading volume of around 2.52 million for the day, considerably lower average daily volume of 2.8 million observed over the last three months.
First Solar Inc had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $306.77 on 06/12/24, while the lowest price during the same period was $135.88 on 02/05/24.
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How Financial Performance Impacts Market Capitalization
First Solar Inc (FSLR) has experienced a quarterly decline of -26.78% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 18.83B and boasts a workforce of 6700 employees.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 212.23, with a change in price of -35.01. Similarly, First Solar Inc recorded 2,480,825 in trading volume during the last 100 days, posting a change of -16.60%.
How FSLR’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for FSLR stands at 0.09. Similarly, the long-term debt-to-equity ratio is also 0.06.
FSLR Stock Stochastic Average
As of today, the raw stochastic average of First Solar Inc over the last 50 days is at 5.25%. This shows a increasee from the raw stochastic average of the previous 20 days, which was recorded at 1.36%. Further, the company’s Stochastic %K and %D values for the last 20 days were 10.35% and 22.09%, respectively.
FSLR Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 2.09%. However, over the past six months, we’ve seen a stronger performance of -32.06%. The price of FSLR leaped by -6.13% over the last 30 days. And in the last five days, it has fallen by -10.41%.
