Currently, there are 66.16M common shares owned by the public and among those 47.29M shares have been available to trade.
The company’s stock has a 5-day price change of 22.80% and -4.44% over the past three months. CSIQ shares are trading -40.87% year to date (YTD), with the 12-month market performance down to -23.26% lower. It has a 12-month low price of $11.41 and touched a high of $26.85 over the same period. CSIQ has an average intraday trading volume of 1.81 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.59%, 12.18%, and -8.81% respectively.
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Institutional ownership of Canadian Solar Inc (NASDAQ: CSIQ) shares accounts for 48.98% of the company’s 66.16M shares outstanding.
It has a market capitalization of $1.03B and a beta (3y monthly) value of 1.32. The stock’s trailing 12-month PE ratio is 28.65, while the earnings-per-share (ttm) stands at $0.54. The company has a PEG of 1.64 and a Quick Ratio of 0.69 with the debt-to-equity ratio at 1.86. Price movements for the stock have been influenced by the stock’s volatility, which stands at 10.96% over the week and 7.68% over the month.
Earnings per share for the fiscal year are expected to decrease by -78.10%, and 223.86% over the next financial year. EPS should grow at an annualized rate of 17.50% over the next five years, compared to 0.83% over the past 5-year period.
Looking at the support for the CSIQ, a number of firms have released research notes about the stock. Citigroup stated their Sell rating for the stock in a research note on October 22, 2024, with the firm’s price target at $19-$11. Oppenheimer coverage for the Canadian Solar Inc (CSIQ) stock in a research note released on August 23, 2024 offered a Outperform rating with a price target of $27. Daiwa Securities was of a view on March 11, 2024 that the stock is Neutral, while Goldman gave the stock Neutral rating on December 18, 2023, issuing a price target of $25. JP Morgan on their part issued Underweight rating on November 15, 2023.
