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After finishing at $11.52 in the prior trading day, Canadian Solar Inc (NASDAQ: CSIQ) closed at $11.34, down -1.56%. In other words, the price has decreased by -$1.56 from its previous closing price. On the day, 1.19 million shares were traded. CSIQ stock price reached its highest trading level at $12.13 during the session, while it also had its lowest trading level at $11.28.
Ratios:
Our goal is to gain a better understanding of CSIQ by taking a closer 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:
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 750423360 and an Enterprise Value of 4551375872. As of this moment, Canadian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 952.94, and their Forward P/E ratio for the next fiscal year is 8.44. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 119.12. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.12 while its Price-to-Book (P/B) ratio in mrq is 0.26. 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 -7.37%, while the 200-Day Moving Average is calculated to be -22.76%.
Shares Statistics:
The stock has traded on average 2.18M shares per day over the past 3-months and 1671900 shares per day over the last 10 days, according to various share statistics. 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 51.80% stake in the company. Shares short for CSIQ as of 1731628800 were 10359544 with a Short Ratio of 4.91, compared to 1728950400 on 8469772. Therefore, it implies a Short% of Shares Outstanding of 10359544 and a Short% of Float of 19.870001000000002.
Earnings Estimates
The firm’s stock currently is rated by 4.0 analysts. The consensus estimate for the next quarter is -$0.37, with high estimates of -$0.03 and low estimates of -$0.71.
Analysts are recommending an EPS of between -$0.15 and -$0.44 for the fiscal current year, implying an average EPS of -$0.26. EPS for the following year is $0.69, with 4.0 analysts recommending between $2.47 and -$0.08.
Revenue Estimates
8 analysts predict $1.66B in revenue for the current quarter. It ranges from a high estimate of $1.99B to a low estimate of $1.54B. As of the current estimate, Canadian Solar Inc’s year-ago sales were $1.7BFor the next quarter, 8 analysts are estimating revenue of $1.66B. There is a high estimate of $1.88B for the next quarter, whereas the lowest estimate is $1.37B.
A total of 8 analysts have provided revenue estimates for CSIQ’s current fiscal year. The highest revenue estimate was $6.5B, while the lowest revenue estimate was $6.02B, resulting in an average revenue estimate of $6.14B. In the same quarter a year ago, actual revenue was $7.61BBased on 10 analysts’ estimates, the company’s revenue will be $7.42B in the next fiscal year. The high estimate is $8.69B and the low estimate is $6.44B.
