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The price of Canadian Solar Inc (NASDAQ: CSIQ) closed at $13.20 in the last session, down -2.51% from day before closing price of $13.54. In other words, the price has decreased by -$2.51 from its previous closing price. On the day, 0.93 million shares were traded. CSIQ stock price reached its highest trading level at $13.76 during the session, while it also had its lowest trading level at $13.175.
Ratios:
We take a closer look at CSIQ’s different ratios to gain a better understanding of the stock. For the most recent quarter (mrq), Quick Ratio is recorded 0.71 and its Current Ratio is at 0.98. In the meantime, Its Debt-to-Equity ratio is 2.05 whereas as Long-Term Debt/Eq ratio is at 0.82.
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 896008064 and an Enterprise Value of 4237467136. As of this moment, Canadian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 4.62, and their Forward P/E ratio for the next fiscal year is 3.16. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.12 while its Price-to-Book (P/B) ratio in mrq is 0.35. Its current Enterprise Value per Revenue stands at 0.585 whereas that against EBITDA is 5.862.
Stock Price History:
Over the past 52 weeks, CSIQ has reached a high of $34.85, while it has fallen to a 52-week low of $13.04. The 50-Day Moving Average of the stock is -19.11%, while the 200-Day Moving Average is calculated to be -31.75%.
Shares Statistics:
According to the various share statistics, CSIQ traded on average about 1.62M shares per day over the past 3-months and 1360630 shares per day over the past 10 days. 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 51.29% stake in the company. Shares short for CSIQ as of 1721001600 were 6551027 with a Short Ratio of 3.58, compared to 1718323200 on 6286937. Therefore, it implies a Short% of Shares Outstanding of 6551027 and a Short% of Float of 12.560001000000002.
