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The price of Canadian Solar Inc (NASDAQ: CSIQ) closed at $12.76 in the last session, up 2.65% from day before closing price of $12.43. In other words, the price has increased by $2.65 from its previous closing price. On the day, 1.49 million shares were traded. CSIQ stock price reached its highest trading level at $13.18 during the session, while it also had its lowest trading level at $12.57.
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 0.69 and its Current Ratio is at 0.94. In the meantime, Its Debt-to-Equity ratio is 1.86 whereas as Long-Term Debt/Eq ratio is at 0.80.
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 this company, Jefferies on November 22, 2024, initiated with a Buy rating and assigned the stock a target price of $14.15.
On October 22, 2024, Citigroup Downgraded its rating to Sell which previously was Neutral and also lowered its target price recommendation from $19 to $11.
Oppenheimer reiterated its Outperform rating for the stock on August 23, 2024, while the target price for the stock was revised from $43 to $27.
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 Sep 11 ’24 when Wong Andrew Luen Cheung bought 3,687 shares for $12.37 per share.
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 844391744 and an Enterprise Value of 4597201408. As of this moment, Canadian’s Price-to-Earnings (P/E) ratio for their current fiscal year is 23.57, and their Forward P/E ratio for the next fiscal year is 5.00. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.35. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.13 while its Price-to-Book (P/B) ratio in mrq is 0.32. Its current Enterprise Value per Revenue stands at 0.706 whereas that against EBITDA is 7.721.
Stock Price History:
Over the past 52 weeks, CSIQ has reached a high of $26.85, while it has fallen to a 52-week low of $10.91. The 50-Day Moving Average of the stock is -6.59%, while the 200-Day Moving Average is calculated to be -20.21%.
Shares Statistics:
According to the various share statistics, CSIQ traded on average about 2.15M shares per day over the past 3-months and 2195100 shares per day over the past 10 days. 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 52.07% stake in the company. Shares short for CSIQ as of 1731628800 were 10359544 with a Short Ratio of 4.83, compared to 1728950400 on 8469772. Therefore, it implies a Short% of Shares Outstanding of 10359544 and a Short% of Float of 19.870001000000002.
