In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
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
The price of Canadian Solar Inc (NASDAQ: CSIQ) closed at $13.97 in the last session, down -6.43% from day before closing price of $14.93. In other words, the price has decreased by -$6.43 from its previous closing price. On the day, 1.21 million shares were traded. CSIQ stock price reached its highest trading level at $14.75 during the session, while it also had its lowest trading level at $13.921.
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 0.69 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:
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 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 924463360 and an Enterprise Value of 4677561856. As of this moment, Canadian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 25.80, and their Forward P/E ratio for the next fiscal year is 4.66. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.03. 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 7.856.
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 -2.51%, while the 200-Day Moving Average is calculated to be -23.27%.
Shares Statistics:
According to the various share statistics, CSIQ traded on average about 1.52M shares per day over the past 3-months and 1158180 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 49.79% stake in the company. Shares short for CSIQ as of 1724976000 were 7832885 with a Short Ratio of 5.36, compared to 1722384000 on 5787492. Therefore, it implies a Short% of Shares Outstanding of 7832885 and a Short% of Float of 15.020000999999999.
