FTC Solar Inc’s filing revealed that its Chief Executive Officer Brandt Yann acquired Company’s shares for reported $98124.0 on Dec 13 ’24. In the deal valued at $3.12 per share,31,450 shares were bought. As a result of this transaction, Brandt Yann now holds 691,700 shares worth roughly $3.67 million.
Then, Brandt Yann bought 10,250 shares, generating $30,586 in total proceeds. Upon buying the shares at $2.98, the Chief Executive Officer now owns 6,510,250 shares.
Before that, Chatila Ahmad R bought 238,000 shares. FTC Solar Inc shares valued at $49,980 were divested by the Director at a price of $0.21 per share. As a result of the transaction, Chatila Ahmad R now holds 1,951,046 shares, worth roughly $10.34 million.
ROTH MKM downgraded its FTC Solar Inc [FTCI] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Northland Capital’s analysts, who decreased its forecast for the stock in early November from “an Outperform” to “a Market perform”. UBS also remained covering FTCI and has decreased its forecast on August 15, 2023 with a “Neutral” recommendation from previously “Buy” rating. H.C. Wainwright started covering the stock on April 13, 2023. It rated FTCI as “a Buy”.
Price Performance Review of FTCI
On Friday, FTC Solar Inc [NASDAQ:FTCI] saw its stock jump 26.19% to $5.30. Over the last five days, the stock has gained 76.67%. FTC Solar Inc shares have fallen nearly -23.50% since the year began. Nevertheless, the stocks have fallen -27.29% over the past one year. While a 52-week high of $8.10 was reached on 01/02/24, a 52-week low of $1.76 was recorded on 08/08/24. SMA at 50 days reached $4.42, while 200 days put it at $4.33.
Levels Of Support And Resistance For FTCI Stock
The 24-hour chart illustrates a support level at 4.11, which if violated will result in even more drops to 2.93. On the upside, there is a resistance level at 6.48. A further resistance level may holdings at 7.67. The Relative Strength Index (RSI) on the 14-day chart is 69.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 31.13%. Stochastics %K at 74.65% indicates the stock is a holding.
How much short interest is there in FTC Solar Inc?
A steep rise in short interest was recorded in FTC Solar Inc stocks on 2024-12-13, growing by 0.25 million shares to a total of 0.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 0.35 million shares. There was a rise of 41.78%, which implies that there is a positive sentiment for the stock.
