The pursuit of outperformance leads many investors to carefully choose individual stocks. Picking the right ones can be a game-changer for growing your wealth.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Canadian Solar Inc (NASDAQ: CSIQ) closed the day trading at $15.35 down -11.17% from the previous closing price of $17.28. In other words, the price has decreased by -$11.17 from its previous closing price. On the day, 2.54 million shares were traded. CSIQ stock price reached its highest trading level at $16.59 during the session, while it also had its lowest trading level at $15.32.
Ratios:
For a better understanding of CSIQ, let’s look at its different ratios. 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 1015784768 and an Enterprise Value of 4507418624. As of this moment, Canadian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 5.38, and their Forward P/E ratio for the next fiscal year is 3.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.22. 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 0.40. Its current Enterprise Value per Revenue stands at 0.622 whereas that against EBITDA is 6.235.
Stock Price History:
The Beta on a monthly basis for CSIQ is 1.30, which has changed by -0.53821486 over the last 52 weeks, in comparison to a change of 0.23279357 over the same period for the S&P500. Over the past 52 weeks, CSIQ has reached a high of $39.07, while it has fallen to a 52-week low of $13.80. The 50-Day Moving Average of the stock is -9.25%, while the 200-Day Moving Average is calculated to be -23.49%.
Shares Statistics:
Over the past 3-months, CSIQ traded about 1.79M shares per day on average, while over the past 10 days, CSIQ traded about 1500480 shares per day. 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 51.25% stake in the company. Shares short for CSIQ as of 1719532800 were 6564035 with a Short Ratio of 3.66, compared to 1717113600 on 6684535. Therefore, it implies a Short% of Shares Outstanding of 6564035 and a Short% of Float of 12.590000000000002.
