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After finishing at $14.41 in the prior trading day, Canadian Solar Inc (NASDAQ: CSIQ) closed at $14.97, up 3.89%. In other words, the price has increased by $3.89 from its previous closing price. On the day, 2.14 million shares were traded. CSIQ stock price reached its highest trading level at $15.02 during the session, while it also had its lowest trading level at $14.2.
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 0.76 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:
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 967862912 and an Enterprise Value of 3793106944. As of this moment, Canadian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.90, and their Forward P/E ratio for the next fiscal year is 3.34. 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 0.39. Its current Enterprise Value per Revenue stands at 0.498 whereas that against EBITDA is 6.135.
Stock Price History:
The Beta on a monthly basis for CSIQ is 1.31, which has changed by -0.61723346 over the last 52 weeks, in comparison to a change of 0.23061275 over the same period for the S&P500. Over the past 52 weeks, CSIQ has reached a high of $45.29, while it has fallen to a 52-week low of $14.11. The 50-Day Moving Average of the stock is -23.54%, while the 200-Day Moving Average is calculated to be -38.61%.
Shares Statistics:
The stock has traded on average 1.46M shares per day over the past 3-months and 2552050 shares per day over the last 10 days, according to various share 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 54.88% stake in the company. Shares short for CSIQ as of 1711584000 were 6838412 with a Short Ratio of 4.68, compared to 1709164800 on 6849691. Therefore, it implies a Short% of Shares Outstanding of 6838412 and a Short% of Float of 13.430000999999999.
Earnings Estimates
A comprehensive evaluation of Canadian Solar Inc (CSIQ) is underway, with the input of 7 analysts contributing to its current rating.On average, analysts expect EPS of $-0.01 for the current quarter, with a high estimate of $0.21 and a low estimate of $-0.38, while EPS last year was $1.19. The consensus estimate for the next quarter is $0.76, with high estimates of $1.36 and low estimates of $0.31.
Analysts are recommending an EPS of between $5.56 and $2.54 for the fiscal current year, implying an average EPS of $3.43. EPS for the following year is $4.95, with 7 analysts recommending between $8.6 and $2.62.
Revenue Estimates
7 analysts predict $1.29B in revenue for the current quarter. It ranges from a high estimate of $1.34B to a low estimate of $1.25B. As of the current estimate, Canadian Solar Inc’s year-ago sales were $1.71B, an estimated decrease of -24.60% from the year-ago figure. For the next quarter, 7 analysts are estimating revenue of $2.09B, a decrease of -11.80% over than the figure of $-24.60% in the same quarter last year. There is a high estimate of $2.43B for the next quarter, whereas the lowest estimate is $1.9B.
A total of 7 analysts have provided revenue estimates for CSIQ’s current fiscal year. The highest revenue estimate was $9.05B, while the lowest revenue estimate was $7.74B, resulting in an average revenue estimate of $8.65B. In the same quarter a year ago, actual revenue was $7.61B, up 13.70% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $10.2B in the next fiscal year. The high estimate is $12.24B and the low estimate is $9.19B. The average revenue growth estimate for next year is up 17.90% from the average revenue estimate for this year.
