In the pursuit of market outperformance, investors navigate the landscape of stock selection. The right picks can play a pivotal role in enhancing your wealth.
The closing price of Canadian Solar Inc (NASDAQ: CSIQ) was $12.74 for the day, down -4.14% from the previous closing price of $13.29. In other words, the price has decreased by -$4.14 from its previous closing price. On the day, 1.46 million shares were traded. CSIQ stock price reached its highest trading level at $13.08 during the session, while it also had its lowest trading level at $12.53.
Ratios:
Our analysis of CSIQ’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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 843068224 and an Enterprise Value of 4551375872. As of this moment, Canadian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 1070.59, and their Forward P/E ratio for the next fiscal year is 8.17. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 133.82. 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 0.29. Its current Enterprise Value per Revenue stands at 0.699 whereas that against EBITDA is 7.644.
Stock Price History:
Over the past 52 weeks, CSIQ has reached a high of $25.43, while it has fallen to a 52-week low of $10.60. The 50-Day Moving Average of the stock is 2.24%, while the 200-Day Moving Average is calculated to be -14.06%.
Shares Statistics:
CSIQ traded an average of 2.26M shares per day over the past three months and 1558340 shares per day over the past ten 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 51.81% stake in the company. Shares short for CSIQ as of 1731628800 were 10359544 with a Short Ratio of 4.27, compared to 1728950400 on 8469772. Therefore, it implies a Short% of Shares Outstanding of 10359544 and a Short% of Float of 19.870001000000002.
