Sleeper Stocks: First Solar, Inc. (FSLR), Teekay Tankers Ltd. (TNK)

First Solar, Inc. (NASDAQ:FSLR)’s beta now stands at 1.17 and when compared to its 200-day moving average and its 50-day moving average, FSLR price stands -11.42% below and 10.8% above respectively. The stock dropped by -41.58% or -$33.98 from its last recorded high of $81.72 which it attained on April 27 to close at $47.74 per share. Over the past 52 weeks, the shares of First Solar, Inc. has been trading as low as $36.51 before witnessing a massive surge by 30.76% or $11.23. This price movement has led to the FSLR stock receiving more attention and has become one to watch out for. It jumped by 1.66% on Thursday and this got the market excited. Its average daily volatility for this week is 4.11% which is less than the 4.77% recorded over the past month.

First Solar, Inc. (FSLR) rose 9.9% this week, a trend that has led to both investors and traders taking note of the stock. Over the past one year, the equity price has embarked on a drop that has seen it decline -31.82% and is now up by 12.45% since start of this year. A look at its monthly performance shows that the stock has recorded a 10.48% gain over the past 30 days. Its equity price climbed by 1.29% over the past three months which led to its overall six-month decrease to stand at -12.76%.

Experts from research firms are bullish about the near-term performance of First Solar, Inc. with most of them predicting a $64.1 price target on a short-term (12 months) basis. The average price target by the analysts will see a 34.27% rise in the stock and would lead to FSLR’s market cap to surge to $6.17B. The stock has been rated an average 2.3, which roughly stands towards the bearish end of the spectrum. Reuters looked into the 16 analysts that track First Solar, Inc. (NASDAQ:FSLR) and find out that 7 of them rated it as a Hold. 9 of the 9 analysts rated it as a Buy or a Strong Buy while 0 advised investors to desist from buying the stock or sell it if they already possess it.

A look at FSLR technical analysis shows that its 14-day Relative Strength Index (RSI) is in a neutral zone after reaching 65.83 point. Its trading volume has lost -844776 shares compared to readings over the past three months as it recently exchanged 1015224 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 1860000 shares, and this is 0.55 times the normal volume.

The price of Teekay Tankers Ltd. (NYSE:TNK) currently stands at $1.05 after it went down by $-0.03 or -2.78% and has found a strong support at $1.02 a share. If the TNK price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $0.98 mark would also be bad for the stock as it means that the stock would plunge by 6.67% from its current position. However, if the stock price is able to trade above the resistance point around $1.08, then it could likely surge higher to try and break the upward resistance which stands at $1.1 a share. Its average daily volatility over the past one month stands at 6.79%. The stock has plunged by 3.81% from its 52-weeks high of $1.01 which it reached on Jan. 16, 2018. In general, it is 17.14% above its 52-weeks lowest point which stands at $0.87 and this setback was observed on Dec. 26, 2018.

Analysts have predicted a price target for Teekay Tankers Ltd. (TNK) for 1 year and it stands at an average $1.56/share. This means that it would likely increase by 48.57% from its current position. The current price of the stock has been moving between $1.01 and $1.07. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $1. On the other hand, one analyst is super bullish about the price, setting a target as high as $2.5.

The TNK stock Stochastic Oscillator (%D) is at 90.63%, which means that it is currently overbought and its prices could dip very soon. The shares P/S ratio stands at 0.42 which compares to the 3.1 recorded by the industry or the 12.86 by the wider sector. The stock currently has an estimated price-earnings (P/E) multiple of 23.33, which is higher than the 0 multiple of 12-month price-earnings (P/E). The company’s earnings have gone up, with a quarterly increase rate of 41.5% over the past five years.

Analysts view Teekay Tankers Ltd. (NYSE:TNK) as a Hold, with 2.5 consensus rating. Reuters surveyed 10 analysts that follow TNK and found that 4 of those analysts rated the stock as a Hold. The remaining 6 were divided, with 5 analyst rating it as a Buy or a Strong Buy while 1 analysts advised investors to desist from buying Teekay Tankers Ltd. (TNK) shares or sell it if they already own it.