Investors with the goal of beating the broader market often turn to stock selection. Strategic choices in individual stocks can have a profound impact on your wealth.
The price of Canadian Solar Inc (NASDAQ: CSIQ) closed at $9.47 in the last session, down -1.46% from day before closing price of $9.61. In other words, the price has decreased by -$1.46 from its previous closing price. On the day, 1.07 million shares were traded. CSIQ stock price reached its highest trading level at $9.73 during the session, while it also had its lowest trading level at $9.4.
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 0.75 and its Current Ratio is at 0.99. In the meantime, Its Debt-to-Equity ratio is 2.08 whereas as Long-Term Debt/Eq ratio is at 0.99.
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 the company, Goldman on December 17, 2024, Downgraded its rating to Sell and sets its target price to $11 from $14 previously.
On December 13, 2024, Mizuho started tracking the stock assigning a Outperform rating and target price of $20.
On November 22, 2024, Jefferies started tracking the stock assigning a Buy rating and target price of $14.15.Jefferies initiated its Buy rating on November 22, 2024, with a $14.15 target price.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. A recent insider transaction in this stock occurred on Dec 16 ’24 when Wong Andrew Luen Cheung bought 2,878 shares for $12.69 per share.
Wong Andrew Luen Cheung bought 3,687 shares of CSIQ for $45,608 on Sep 11 ’24.
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 626676352 and an Enterprise Value of 5173816832. As of this moment, Canadian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 795.80, and their Forward P/E ratio for the next fiscal year is 7.56. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.10 while its Price-to-Book (P/B) ratio in mrq is 0.22. Its current Enterprise Value per Revenue stands at 0.838 whereas that against EBITDA is 9.066.
Stock Price History:
The Beta on a monthly basis for CSIQ is 1.27, which has changed by -0.51135194 over the last 52 weeks, in comparison to a change of 0.087141395 over the same period for the S&P500. Over the past 52 weeks, CSIQ has reached a high of $21.05, while it has fallen to a 52-week low of $9.29. The 50-Day Moving Average of the stock is -12.24%, while the 200-Day Moving Average is calculated to be -29.95%.
Shares Statistics:
According to the various share statistics, CSIQ traded on average about 1.69M shares per day over the past 3-months and 1942050 shares per day over the past 10 days. A total of 66.16M shares are outstanding, with a floating share count of 47.03M. Insiders hold about 28.93% of the company’s shares, while institutions hold 49.59% stake in the company. Shares short for CSIQ as of 1740700800 were 10542464 with a Short Ratio of 6.24, compared to 1738281600 on 12085889. Therefore, it implies a Short% of Shares Outstanding of 10542464 and a Short% of Float of 20.22.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
