Those determined to outshine the market strategically focus on the selection of individual stocks. Well-chosen stocks have the potential to substantially boost your wealth.
The price of Canadian Solar Inc (NASDAQ: CSIQ) closed at $7.46 in the last session, up 3.90% from day before closing price of $7.18. In other words, the price has increased by $3.90 from its previous closing price. On the day, 1.24 million shares were traded. CSIQ stock price reached its highest trading level at $7.5176 during the session, while it also had its lowest trading level at $7.12.
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 0.74 and its Current Ratio is at 0.97. In the meantime, Its Debt-to-Equity ratio is 2.10 whereas as Long-Term Debt/Eq ratio is at 1.03.
On December 17, 2024, Goldman Downgraded its rating to Sell which previously was Neutral and also lowered its target price recommendation from $14 to $11.
On December 13, 2024, Mizuho started tracking the stock assigning a Outperform rating and target price of $20.Mizuho initiated its Outperform rating on December 13, 2024, with a $20 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 493664768 and an Enterprise Value of 5405725184. As of this moment, Canadian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.54, and their Forward P/E ratio for the next fiscal year is 4.40. 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 0.08 while its Price-to-Book (P/B) ratio in mrq is 0.17. Its current Enterprise Value per Revenue stands at 0.902 whereas that against EBITDA is 11.805.
Stock Price History:
The Beta on a monthly basis for CSIQ is 1.40, which has changed by -0.50167 over the last 52 weeks, in comparison to a change of 0.05430484 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 $6.57. The 50-Day Moving Average of the stock is -21.60%, while the 200-Day Moving Average is calculated to be -39.81%.
Shares Statistics:
According to the various share statistics, CSIQ traded on average about 1.91M shares per day over the past 3-months and 2695540 shares per day over the past 10 days. A total of 66.17M shares are outstanding, with a floating share count of 47.03M. Insiders hold about 28.93% of the company’s shares, while institutions hold 49.45% stake in the company. Shares short for CSIQ as of 1743379200 were 11270834 with a Short Ratio of 5.90, compared to 1740700800 on 10542464. Therefore, it implies a Short% of Shares Outstanding of 11270834 and a Short% of Float of 21.61.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
