FTC Solar Inc

Company Profile

FTC Solar Inc had its IPO on 2021-04-28 under the ticker symbol FTCI.

The company operates in the Technology sector and Solar industry. FTC Solar Inc has a staff strength of 221 employees.

Stock update

Shares of FTC Solar Inc opened at $1.62 at the start of the last trading session i.e. 2023-09-12.

The stocks traded within a range of $1.48 - $1.69, and closed at $1.52.

This is a -6.17% slip from the previous day's closing price.

A total volume of 2,711,876 shares were traded at the close of the day’s session.

In the last one week, shares of FTC Solar Inc have slipped by -23.62%.

FTC Solar Inc's Key Ratios

FTC Solar Inc has a market cap of $235.04 million, indicating a price to book ratio of 3.2052 and a price to sales ratio of 1.3524.

In the last 12-months FTC Solar Inc’s revenue was $116.05 million with a gross profit of $-27083000 and an EBITDA of $-68261000. The EBITDA ratio measures FTC Solar Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, FTC Solar Inc’s operating margin was -59.35% while its return on assets stood at -26.66% with a return of equity of -76.16%.

In Q2, FTC Solar Inc’s quarterly earnings growth was a positive 0% while revenue growth was a positive 5.3%.

FTC Solar Inc’s PE and PEG Ratio

Forward PE

19.4553

Trailing PE

0

PEG

Its diluted EPS in the last 12-months stands at $-0.68 per share while it has a forward price to earnings multiple of 19.4553 and a PEG multiple of . A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into FTC Solar Inc’s profitability.

FTC Solar Inc stock is trading at a EV to sales ratio of 1.0723 and a EV to EBITDA ratio of -2.1114. Its price to sales ratio in the trailing 12-months stood at 1.3524.

FTC Solar Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$137.44 million

Total Liabilities

$50.92 million

Operating Cash Flow

$0

Capital Expenditure

$167000

Dividend Payout Ratio

0%

FTC Solar Inc ended 2024 with $137.44 million in total assets and $0 in total liabilities. Its intangible assets were valued at $137.44 million while shareholder equity stood at $79.39 million.

FTC Solar Inc ended 2024 with $0 in deferred long-term liabilities, $50.92 million in other current liabilities, 12000.00 in common stock, $-271021000.00 in retained earnings and $7.17 million in goodwill. Its cash balance stood at $33.82 million and cash and short-term investments were $33.82 million. The company’s total short-term debt was $799,000 while long-term debt stood at $0.

FTC Solar Inc’s total current assets stands at $119.87 million while long-term investments were $900000.00 and short-term investments were $0. Its net receivables were $69.73 million compared to accounts payable of $27.05 million and inventory worth $6.05 million.

In 2024, FTC Solar Inc's operating cash flow was $0 while its capital expenditure stood at $167000.

Comparatively, FTC Solar Inc paid $0 in dividends in 2024.

Other key metrics

Current Trading Price

$1.52

52-Week High

$4.41

52-Week Low

$1.48

Analyst Target Price

$4.47

FTC Solar Inc stock is currently trading at $1.52 per share. It touched a 52-week high of $4.41 and a 52-week low of $4.41. Analysts tracking the stock have a 12-month average target price of $4.47.

Its 50-day moving average was $2.7 and 200-day moving average was $2.67 The short ratio stood at 3.62 indicating a short percent outstanding of 0%.

Around 4271.3% of the company’s stock are held by insiders while 3211% are held by institutions.