Canadian Solar Inc. (NASDAQ: CSIQ) is 40.10% higher on its value in year-to-date trading and has touched a low of $26.86 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 $42.32 in the last trading session, with the day’s gains setting it 0.97% off its average median price target of $48.00 for the next 12 months. It is also 36.34% off the consensus price target high of $68.00 offered by 10 analysts, but current levels are -11.0% lower than the price target low of $39.00 for the same period.
Currently trading at $43.29, the stock is 15.53% and 13.03% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.62 million and changing 2.29% at the moment leaves the stock 14.29% off its SMA200. CSIQ registered 47.30% gain for a year compared to 6-month gain of 19.55%. The firm has a 50-day simple moving average (SMA 50) of $0.80 and a 200-day simple moving average (SMA200) of $11.22.
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The stock witnessed a 8.17% loss in the last 1 month and extending the period to 3 months gives it a 15.44%, and is 19.82% up 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 7.31% over the week and 4.43% over the month.
Canadian Solar Inc. (CSIQ) has around 18423 employees, a market worth around $2.80B and $7.47B in sales. Current P/E ratio is 12.81 and Fwd P/E is 7.22. Profit margin for the company is 4.20%. Distance from 52-week low is 61.14% and -9.23% from its 52-week high. The company has generated returns on investments over the last 12 months (4.80%).
Canadian Solar Inc. (CSIQ) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Canadian Solar Inc. (CSIQ) is a “Hold”. 10 analysts offering their recommendations for the stock have an average rating of 2.60, where 5 rate it as a Hold and 1 think it is a “Overweight”. 3 of the analysts rate the stock as a “Buy”. 1 analysts have rated the stock as a Sell or Underperform.
Canadian Solar Inc. is expected to release its quarterly report on 08/17/2023.The EPS is expected to grow by 135.90% this year.
Canadian Solar Inc. (CSIQ) Top Institutional Holders
The shares outstanding are 64.52M, and float is at 50.52M with Short Float at 7.59%.
Canadian Solar Inc. (CSIQ): Who are the competitors?
The company’s main competitors (and peers) include SunPower Corporation (SPWR) that is trading -38.13% down over the past 12 months and JinkoSolar Holding Co. Ltd. (JKS) that is -19.30% lower over the same period. First Solar Inc. (FSLR) is 205.44% up on the 1-year trading charts.
