For those aiming to surpass market returns, the art of stock picking is crucial. Making wise choices in stocks can greatly enhance your overall wealth.
As of close of business last night, Canadian Solar Inc’s stock clocked out at $7.64, up 2.96% from its previous closing price of $7.42. In other words, the price has increased by $2.96 from its previous closing price. On the day, 2.34 million shares were traded.
Ratios:
To gain a deeper understanding of CSIQ’s stock, we examine its different ratios. 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.
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:
Investing in insider trades can also provide an investor with insight into how management views future 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:
As of this moment, Canadian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 14.90, and their Forward P/E ratio for the next fiscal year is 4.90. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.15. 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 0.18.
Stock Price History:
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 -21.05%, while the 200-Day Moving Average is calculated to be -38.91%.
Shares Statistics:
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 49.55% stake in the company.
