First Solar, Inc. (NASDAQ:FSLR) shares saw a recent bid of $47.30 and 2.19M shares have exchanged hands in the recent trading session, yielding a 5.56% gain over the past week.FSLR price decreased -2.73% or $1.33 versus $48.63 at the end of the prior session. This change led market cap to move at $4.52B, putting the price -5.80% below the 52-week high and 85.06% above the 52-week low. The company’s stock has a normal trading capacity of 3.07M shares while the relative volume is 0.71.
Is First Solar, Inc. (NASDAQ:FSLR) Worth Buying?
By historical standards, First Solar, Inc. (NASDAQ:FSLR) remains a cheap stock. FSLR’s current price-earnings ratio amounts above the average P/E ratio of 15.35 times earnings. For now, FSLR is the toast of Wall Street as its ABR stands at 2.40 with 3 out of 19 analysts rating the stock a buy. Over the short term, some market observers may have noticed that It has a 23.22% short float with 15 days to cover. The Stock becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Company has far performed well this year, with the share price up 47.40% since January. Over the past 2 quarters, First Solar, Inc. (NASDAQ:FSLR) is up 49.73%, compared with a gain of nearly 38.14% for 3 months and about 21.16% for the past 30 days.
First Solar, Inc. (FSLR) Has Mean Target Price of $40.00
To stay one step ahead we extended our research by comparing different price targets. First Solar, Inc. (NASDAQ:FSLR) notched a 12-month high of $42.56 while $54.00 target is by far the most aggressive out of analysts who are currently evaluating FSLR, $11.44 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $32.00, which would be decrease of about -32% of its current value. The mean target of $40.00 should be compared with the price when the stock was languishing around $25.56 a share. And it remains to be seen which target price FSLR can achieve without sacrificing much as the company is holding a -3.94% fall for the past twelve months.
First Solar, Inc. Revenue Estimate is $3.04 Billion
Last time, the company shocked Wall Street by reporting EPS of $0.64, smashing the consensus of $0.04 per share. Revenue for the quarter also killed consensus, coming in at $623.33 Million, compared to the consensus of 556.37 Million. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $0.77. The company is expected to report EPS as high as $1.27 and as low as $0.11 per share. Similarly, full-year EPS forecasts have ranged between $2.08 and $2.38. The mean EPS estimate is $2.23. On the other side, sales forecasts for the current quarter are $790.54 Million. The stock is expected to report revenue as high as $1.19 Billion and as low as $337.1 Million per share. Similarly, full-year sales forecasts have ranged between $2.86 Billion and $3.25 Billion. The mean revenue estimate is $3.04 Billion.
Over the last 5 years, First Solar, Inc. has averaged a -50.00% YoY EPS growth rate and a 1.30% revenue growth rate. Analysts are expecting EPS growth rates to be at -164.80% this quarter and EPS estimate for next year reflect -40.39% growth rate.
What Guru’s think About Is First Solar, Inc. (NASDAQ:FSLR)
Sell-side analysts also have something to say about this FSLR. Standpoint Research had a markedly different take on 19/07/2017, proposing that FSLR is now considered Hold versus prior Buy rating. JMP Securities raised its rating on First Solar, Inc. to Mkt Outperform on 24/05/2017 in a reversal from its prior Mkt Perform rating. Robert W. Baird had a markedly different take on 18/05/2017, proposing that FSLR is now considered Neutral versus prior Outperform rating. Credit Suisse raised its rating on First Solar, Inc. to Neutral on 01/05/2017 in a reversal from its prior Underperform rating.