Latest news for Tower One Wireless (OTC:TOWTF) Stock

Tower One Wireless Corp is a Canada-based company which is a tower owner, operator, and developer of multitenant communications structures. Its primary business is the leasing of space on communications sites to mobile network operators. The company's geographical segments include Argentina; Colombia; Mexico; the United States of America and others. It derives a majority of revenue from Colombia. Tower-related services include site acquisition, zoning and permitting, structural analysis, and construction which primarily supports the company's site leasing business, including the addition of new tenants and equipment on its sites.

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TOWER ONE WIRELESS CORP by Tower One Wireless Corp

Tower One Wireless Corp

<p><strong>First Solar</strong> (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/fslr#NASDAQ">FSLR</a>) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock&#39;s performance in the near term.</p>
<p>Over the past month, shares of this largest U.S. solar company have returned -6.6%, compared to the Zacks S&amp;P 500 composite&#39;s -5.9% change. During this period, the Zacks Solar industry, which First Solar falls in, has lost 2.1%. The key question now is: What could be the stock&#39;s future direction?</p>
<p>While media releases or rumors about a substantial change in a company&#39;s business prospects usually make its stock &#39;trending&#39; and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.</p>
<h2>Revisions to Earnings Estimates</h2>
<p>Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company&#39;s earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.</p>
<p>We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors&#39; interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.</p>
<p>For the current quarter, First Solar is expected to post earnings of $3.37 per share, indicating a change of +34.8% from the year-ago quarter. The Zacks Consensus Estimate has changed -11.2% over the last 30 days.</p>
<p>For the current fiscal year, the consensus earnings estimate of $13.56 points to a change of +75.2% from the prior year. Over the last 30 days, this estimate has changed -0.2%.</p>
<p>For the next fiscal year, the consensus earnings estimate of $21.10 indicates a change of +55.6% from what First Solar is expected to report a year ago. Over the past month, the estimate has changed +0.2%.</p>
<p>With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock&#39;s near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for First Solar.</p>
<p>The chart below shows the evolution of the company&#39;s forward 12-month consensus EPS estimate:</p>
<h2>12 Month EPS</h2>
<h2>Revenue Growth Forecast</h2>
<p>Even though a company&#39;s earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It&#39;s almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company&#39;s potential revenue growth is crucial.</p>
<p>For First Solar, the consensus sales estimate for the current quarter of $1.16 billion indicates a year-over-year change of +45%. For the current and next fiscal years, $4.51 billion and $5.69 billion estimates indicate +35.8% and +26.2% changes, respectively.</p>
<h2>Last Reported Results and Surprise History</h2>
<p>First Solar reported revenues of $1.01 billion in the last reported quarter, representing a year-over-year change of +24.7%. EPS of $3.25 for the same period compares with $1.85 a year ago.</p>
<p>Compared to the Zacks Consensus Estimate of $946.22 million, the reported revenues represent a surprise of +6.79%. The EPS surprise was +21.72%.</p>
<p>The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates two times over this period.</p>
<h2>Valuation</h2>
<p>Without considering a stock&#39;s valuation, no investment decision can be efficient. In predicting a stock&#39;s future price performance, it&#39;s crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company&#39;s growth prospects.</p>
<p>While comparing the current values of a company&#39;s valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock&#39;s price.</p>
<p>The Zacks Value Style Score (part of the Zacks Style Scores system), which pays close attention to both traditional and unconventional valuation metrics to grade stocks from A to F (an An is better than a B; a B is better than a C; and so on), is pretty helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.</p>
<p>First Solar is graded B on this front, indicating that it is trading at a discount to its peers.</p>
<h2>Bottom Line</h2>
<p>The facts discussed here and much other information on Zacks.com might help determine whether or not it&#39;s worthwhile paying attention to the market buzz about First Solar. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.</p>
<p><a href="https://www.zacks.com/stock/news/2317838/here-is-what-to-know-beyond-why-first-solar-inc-fslr-is-a-trending-stock?cid=CS-BENZ-FT-tale_of_the_tape|most_searched_stocks-2317838">To read this article on Zacks.com click here.</a></p>


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Here is What to Know Beyond Why First Solar, Inc. is a Trending Stock

<p><strong>Axis Capital Holdings's</strong> (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXS#NYSE">AXS</a>) short percent of float has risen 5.84% since its last report. The company recently reported that it has <strong>1.12 million shares sold short</strong>, which is 1.63% of all regular shares that are available for trading. Based on its trading volume, <strong>it would take traders 2.24 days to cover their short positions on average.</strong></p>
<h3>Why Short Interest Matters</h3>
<p>Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.</p>
<p>Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.</p>
<p><strong>See Also:</strong> <a href="https://www.benzinga.com/short-interest"><strong>List of the most shorted stocks</strong></a></p>
<h3>Axis Capital Holdings Short Interest Graph (3 Months)</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1723058120_0.png" alt="short_fig" /></p>
<p>As you can see from the chart above the percentage of shares that are sold short for Axis Capital Holdings has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.</p>
<h3>Comparing Axis Capital Holdings's Short Interest Against Its Peers</h3>
<p>Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.</p>
<p>According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Axis Capital Holdings's peer group average for short interest as a percentage of float is 2.16%, which means the company has <strong>less</strong> short interest than most of its peers.</p>
<p>Did you know that increasing short interest can actually be <strong>bullish</strong> for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/"><strong>This post by Benzinga Money explains how you can profit from it.</strong></a></p>
<p><em>This article was generated by Benzinga's automated content engine and was reviewed by an editor.</em></p>


(AXS) - Analyzing Axis Capital Holdings's Short Interest

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