Canadian Solar Inc. (NASDAQ: CSIQ) is 21.83% higher on its value in year-to-date trading and has touched a low of $22.15 and a high of $47.69 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The CSIQ stock was last observed hovering at around $40.10 in the last trading session, with the day’s loss setting it -1.98%.
Currently trading at $38.12, the stock is -12.41% and -1.88% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.38 million and changing -4.94% at the moment leaves the stock 16.47% off its SMA200. CSIQ registered 11.10% gain for a year compared to 6-month gain of 7.23%.
The stock witnessed a -9.26% loss in the last 1 month and extending the period to 3 months gives it a 22.10%, and is -9.58% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.48% over the week and 5.88% over the month.
Canadian Solar Inc. (CSIQ) has around 13535 employees, a market worth around $2.46B and $6.32B in sales. Current P/E ratio is 17.44 and Fwd P/E is 10.01. Profit margin for the company is 2.30%. Distance from 52-week low is 72.10% and -20.07% from its 52-week high. The company has generated returns on investments over the last 12 months (3.00%).
The EPS is expected to shrink by -38.60% this year.
Canadian Solar Inc. (CSIQ) Top Institutional Holders
The shares outstanding are 64.26M, and float is at 50.52M with Short Float at 6.88%.
Canadian Solar Inc. (CSIQ): Who are the competitors?
The company’s main competitors (and peers) include SunPower Corporation (SPWR) that is trading 26.47% up over the past 12 months and JinkoSolar Holding Co. Ltd. (JKS) that is 27.27% higher over the same period. First Solar Inc. (FSLR) is 39.31% up on the 1-year trading charts.