The closing price of Canadian Solar Inc (NASDAQ: CSIQ) was $15.69 for the day, down -0.38% from the previous closing price of $15.75. On the day, 2637191 shares were traded.
Ratios:
Our analysis of CSIQ’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 0.76 and its Current Ratio is at 0.99. In the meantime, Its Debt-to-Equity ratio is 1.75 whereas as Long-Term Debt/Eq ratio is at 0.69.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Daiwa Securities on March 11, 2024, initiated with a Neutral rating and assigned the stock a target price of $21.
On December 18, 2023, Goldman Upgraded its rating to Neutral which previously was Sell but kept the price unchanged to $25.
JP Morgan Downgraded its Neutral to Underweight on November 15, 2023, whereas the target price for the stock was revised from $32 to $22.
Valuation Measures:
As of this moment, Canadian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.08, and their Forward P/E ratio for the next fiscal year is 3.50. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.16. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.13 while its Price-to-Book (P/B) ratio in mrq is 0.41.
Stock Price History:
Over the past 52 weeks, CSIQ has reached a high of $45.29, while it has fallen to a 52-week low of $15.73.
Shares Statistics:
A total of 64.64M shares are outstanding, with a floating share count of 50.88M. Insiders hold about 21.28% of the company’s shares, while institutions hold 54.89% stake in the company.
Earnings Estimates
The firm’s stock currently is rated by Canadian Solar Inc. analysts.
EPS for the following year is $Stocks, with Stocks analysts recommending between $Stocks and $ETF.
