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After finishing at $13.78 in the prior trading day, Canadian Solar Inc (NASDAQ: CSIQ) closed at $13.98, up 1.45%. In other words, the price has increased by $1.45 from its previous closing price. On the day, 2.37 million shares were traded. CSIQ stock price reached its highest trading level at $14.345 during the session, while it also had its lowest trading level at $13.55.
Ratios:
Our goal is to gain a better understanding of CSIQ by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.69 and its Current Ratio is at 0.94. In the meantime, Its Debt-to-Equity ratio is 1.86 whereas as Long-Term Debt/Eq ratio is at 0.80.
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, Oppenheimer on August 23, 2024, Reiterated its Outperform rating but revised its target price to $27 from $43 previously.
On March 11, 2024, Daiwa Securities started tracking the stock assigning a Neutral rating and target price of $21.
Goldman Upgraded its Sell to Neutral on December 18, 2023, while the target price for the stock was maintained at $25.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 11 ’24 when Wong Andrew Luen Cheung bought 3,687 shares for $12.37 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CSIQ now has a Market Capitalization of 925125056 and an Enterprise Value of 4678226432. As of this moment, Canadian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.82, and their Forward P/E ratio for the next fiscal year is 4.91. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.48. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.14 while its Price-to-Book (P/B) ratio in mrq is 0.35. Its current Enterprise Value per Revenue stands at 0.718 whereas that against EBITDA is 7.857.
Stock Price History:
Over the past 52 weeks, CSIQ has reached a high of $26.85, while it has fallen to a 52-week low of $11.41. The 50-Day Moving Average of the stock is -0.76%, while the 200-Day Moving Average is calculated to be -20.85%.
Shares Statistics:
The stock has traded on average 1.71M shares per day over the past 3-months and 2471020 shares per day over the last 10 days, according to various share statistics. A total of 66.16M shares are outstanding, with a floating share count of 47.29M. Insiders hold about 28.53% of the company’s shares, while institutions hold 49.18% stake in the company. Shares short for CSIQ as of 1727654400 were 8196168 with a Short Ratio of 4.80, compared to 1724976000 on 7832885. Therefore, it implies a Short% of Shares Outstanding of 8196168 and a Short% of Float of 15.720001.
