The leading market experts have placed a mean price target of $59.28 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 $1.23 a share for the upcoming quarter and $4.30 for the current fiscal.
The technical analysis of First Solar, Inc. plainly substantiates that the 50-day moving average of First Solar, Inc. is $45.52, and stock is trading $-8.02 points away or -17.62% from its 50-day moving average of $45.52. Further it is trading $-18.30 or -32.79% away its 200-day moving average of $55.80. First Solar, Inc. (NASDAQ:FSLR) 52-week high is $74.29 and the 52-week low is $36.75.
This explains if the stock moves $-36.79, it will post a 52-week high. In event of +2.04% 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 5.52.
The stock last ended the trading session at $37.50 and registered a market cap of $3.84B. 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 -0.51.
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