First Solar, Inc. (NASDAQ:FSLR) has obtained a mean price target of $62.280 by market experts. The research group First Call has reached this mean recommendation by taking into account the recommendations of leading analysts in the market. These market experts have disclosed projected earnings of $1.210 a share for the near-term quarter and $4.260 for this year.
The technical analysis of First Solar, Inc. clearly shows that the moving average of 50-days of First Solar, Inc. (NASDAQ:FSLR) stock is $47.266, and is trading $-5.331 points away or -11.278% from its 50-day moving average of $47.266. Further it is trading $-15.188 or -26.588% away its 200-day moving average of $57.123.
The 52-week high of First Solar, Inc. (NASDAQ:FSLR) was $74.290 while $40.250 is the low in the same period. This state First Solar, Inc. shares price has to travel more than $-32.355 to register a new high of 52-weeks or drop +4.186% to touch a new 52-week low point. MA here stands for moving average.
Taking the valuation aspect to reach the estimation of First Solar, Inc., investors use price-to-earnings ratio, which is truncated as P/E ratio. It assesses shares price by the relative expense of the stock. First Solar, Inc. (NASDAQ:FSLR) ratio came in at 6.175, which was derived by dividing current price of stock by yearly earnings. First Solar, Inc. stock recorded a close of $41.935 in last trading session, reaching a market cap of $4.29B.
Investors calculate the Price-to-Earnings-Growth ratio to get a clear view on the valuation of a firm. In the case of a higher PEG ratio, the shareholders look to sell their stock holdings. The undervalued stock has a PEG ratio of 0 or 1 while the fairly valued stock has the ratio of 1 and 2. The First Solar, Inc. (NASDAQ:FSLR) PEG ratio is at -0.720.
1 Chart Pattern Every Investor Should Know
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