The leading market experts have placed a mean price target of $72.90 on First Solar, Inc. (NASDAQ:FSLR) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.90 a share for the upcoming quarter and $4.31 for the current fiscal. Technical View The technical analysis of First Solar, Inc. plainly substantiates that the 50-day moving average of First Solar, Inc. is $48.74, and stock is hovering -0.40 or -0.82% distant from $48.74. It is noted that the 200-day MA is $60.18, and First Solar, Inc. stock is $-11.84 or -19.68% off from this point. First Solar, Inc. (NASDAQ:FSLR) 52-week high is $74.29 and the 52-week low is $40.25. This explains if the stock moves $-25.95, it will post a 52-week high. In event of $+20.10% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of First Solar, Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, First Solar, Inc. (NASDAQ:FSLR) ratio came in at 6.36. The stock last ended the trading session at $48.34 and registered a market cap of $4.94B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. First Solar, Inc. (NASDAQ:FSLR) PEG ratio is at -0.88.
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