Beyond market trends, investors looking for superior returns explore the world of stock picking. The right selections can be a powerful driver for wealth accumulation.
Canadian Solar Inc (NASDAQ: CSIQ) closed the day trading at $10.10 down -0.88% from the previous closing price of $10.19. In other words, the price has decreased by -$0.88 from its previous closing price. On the day, 1.61 million shares were traded.
Ratios:
For a better understanding of CSIQ, let’s look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.75 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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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:
As of this moment, Canadian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 848.74, and their Forward P/E ratio for the next fiscal year is 8.07. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.11 while its Price-to-Book (P/B) ratio in mrq is 0.23.
Stock Price History:
Over the past 52 weeks, CSIQ has reached a high of $21.35, while it has fallen to a 52-week low of $9.43. The 50-Day Moving Average of the stock is -7.79%, while the 200-Day Moving Average is calculated to be -26.17%.
Shares Statistics:
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 49.67% stake in the company.
