The price of Canadian Solar Inc (NASDAQ: CSIQ) closed at $19.66 in the last session, down -3.10% from day before closing price of $20.29. In other words, the price has decreased by -$0.63 from its previous closing price. On the day, 1075234 shares were traded.
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 0.80 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 1.82 whereas as Long-Term Debt/Eq ratio is at 0.62.
On November 15, 2023, JP Morgan Downgraded its rating to Underweight which previously was Neutral and also lowered its target price recommendation 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 1.27B and an Enterprise Value of 3.89B. As of this moment, Canadian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.95, and their Forward P/E ratio for the next fiscal year is 6.20. 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 0.16 while its Price-to-Book (P/B) ratio in mrq is 0.51. Its current Enterprise Value per Revenue stands at 0.49 whereas that against EBITDA is 6.10.
Stock Price History:
Over the past 52 weeks, CSIQ has reached a high of $45.29, while it has fallen to a 52-week low of $17.82. The 50-Day Moving Average of the stock is 22.87, while the 200-Day Moving Average is calculated to be 27.87.
Shares Statistics:
According to the various share statistics, CSIQ traded on average about 1.15M shares per day over the past 3-months and 864.91k shares per day over the past 10 days. A total of 64.51M shares are outstanding, with a floating share count of 50.88M. Insiders hold about 21.28% of the company’s shares, while institutions hold 55.73% stake in the company. Shares short for CSIQ as of Feb 15, 2024 were 6.88M with a Short Ratio of 5.99, compared to 6.5M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 10.64% and a Short% of Float of 13.51%.
Earnings Estimates
The company has 7 analysts who recommend its stock at the moment. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0.41 and a low estimate of -$0.47, while EPS last year was $1.11. The consensus estimate for the next quarter is $0.47, with high estimates of $0.83 and low estimates of $0.04.
Analysts are recommending an EPS of between $4.46 and $3.15 for the fiscal current year, implying an average EPS of $3.82. EPS for the following year is $3.47, with 6 analysts recommending between $4.91 and $1.82.
Revenue Estimates
According to 7 analysts, the current quarter’s revenue is expected to be $1.69B. It ranges from a high estimate of $1.76B to a low estimate of $1.6B. As of the current estimate, Canadian Solar Inc’s year-ago sales were $1.97B, an estimated decrease of -14.40% from the year-ago figure. For the next quarter, 5 analysts are estimating revenue of $1.9B, an increase of 11.30% over than the figure of -$14.40% in the same quarter last year. There is a high estimate of $2.26B for the next quarter, whereas the lowest estimate is $1.62B.
A total of 7 analysts have provided revenue estimates for CSIQ’s current fiscal year. The highest revenue estimate was $7.67B, while the lowest revenue estimate was $7.52B, resulting in an average revenue estimate of $7.6B. In the same quarter a year ago, actual revenue was $7.47B, up 1.70% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $9.57B in the next fiscal year. The high estimate is $11.4B and the low estimate is $8.56B. The average revenue growth estimate for next year is up 25.90% from the average revenue estimate for this year.
