Canadian Solar Inc (CSIQ) concluded trading on Wednesday at a closing price of $11.96, with 3.27 million shares of worth about $39.16 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -20.05% during that period and on October 23, 2024 the price saw a loss of about -5.83%. Currently the company’s common shares owned by public are about 66.16M shares, out of which, 47.29M shares are available for trading.
Stock saw a price change of -5.60% in past 5 days and over the past one month there was a price change of -19.89%. Year-to-date (YTD), CSIQ shares are showing a performance of -54.40% which decreased to -42.58% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $11.41 but also hit the highest price of $26.85 during that period. The average intraday trading volume for Canadian Solar Inc shares is 1.74 million. The stock is currently trading -16.71% below its 20-day simple moving average (SMA20), while that difference is down -13.81% for SMA50 and it goes to -30.30% lower than SMA200.
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Canadian Solar Inc (NASDAQ: CSIQ) currently have 66.16M outstanding shares and institutions hold larger chunk of about 48.97% of that.
The stock has a current market capitalization of $791.39M and its 3Y-monthly beta is at 1.31. PE ratio of stock for trailing 12 months is 22.09, while it has posted earnings per share of $0.54 in the same period. Its PEG reads 1.26 and has Quick Ratio of 0.69 while making debt-to-equity ratio of 1.86. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for CSIQ, volatility over the week remained 6.36% while standing at 6.83% over the month.
Stock’s fiscal year EPS is expected to drop by -78.10% while it is estimated to increase by 223.86% in next year. EPS is likely to grow at an annualized rate of 17.50% for next 5-years, compared to annual growth of 0.83% made by the stock over the past 5-years.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Citigroup on October 22, 2024 offering a Sell rating for the stock and assigned a target price range of between $19 and $11 to it. Coverage by Oppenheimer stated Canadian Solar Inc (CSIQ) stock as an Outperform in their note to investors on August 23, 2024, suggesting a price target of $27 for the stock. On March 11, 2024, Daiwa Securities Initiated their recommendations, while on December 18, 2023, Goldman Upgrade their ratings for the stock with a price target of $25. Stock get an Underweight rating from JP Morgan on November 15, 2023.
