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.
In the latest session, Canadian Solar Inc (NASDAQ: CSIQ) closed at $9.94 up 1.84% from its previous closing price of $9.76. In other words, the price has increased by $1.84 from its previous closing price. On the day, 2.96 million shares were traded. CSIQ stock price reached its highest trading level at $10.5662 during the session, while it also had its lowest trading level at $9.66.
Ratios:
For a deeper understanding of Canadian Solar Inc’s stock, let’s take a closer look at its various 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:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. 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 657778496 and an Enterprise Value of 5571777536. As of this moment, Canadian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 19.38, and their Forward P/E ratio for the next fiscal year is 5.41. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.13. 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. Its current Enterprise Value per Revenue stands at 0.93 whereas that against EBITDA is 12.168.
Stock Price History:
The Beta on a monthly basis for CSIQ is 1.30, which has changed by -0.49690723 over the last 52 weeks, in comparison to a change of 0.10063088 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 $9.19. The 50-Day Moving Average of the stock is -3.98%, while the 200-Day Moving Average is calculated to be -23.91%.
Shares Statistics:
For the past three months, CSIQ has traded an average of 1.65M shares per day and 1646570 over the past ten 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 49.58% stake in the company. Shares short for CSIQ as of 1741910400 were 9699217 with a Short Ratio of 5.86, compared to 1739491200 on 12701869. Therefore, it implies a Short% of Shares Outstanding of 9699217 and a Short% of Float of 18.6.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
