Canadian Solar Inc (NASDAQ: CSIQ) is -46.74% lower on its value in year-to-date trading and has touched a low of $11.41 and a high of $26.85 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The CSIQ stock was last observed hovering at around $14.93 in the last trading session, with the day’s loss setting it -0.96%.
Currently trading at $13.97, the stock is 5.11% and -2.51% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.21 million and changing -6.43% at the moment leaves the stock -23.27% off its SMA200. CSIQ registered -44.56% loss for a year compared to 6-month loss of -22.30%. The firm has a 50-day simple moving average (SMA 50) of $14.2734 and a 200-day simple moving average (SMA200) of $18.16715.
The stock witnessed a 3.25% gain in the last 1 month and extending the period to 3 months gives it a -9.17%, and is -4.64% 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 5.49% over the week and 5.37% over the month.
Canadian Solar Inc (CSIQ) has around 22234 employees, a market worth around $924.39M and $6.51B in sales. Current P/E ratio is 25.80 and Fwd P/E is 4.66. Profit margin for the company is 0.56%. Distance from 52-week low is 22.44% and -47.97% from its 52-week high. The company has generated returns on investments over the last 12 months (0.77%).
Canadian Solar Inc quarterly earnings per share for the current quarter are estimated at -0.17 with sales reaching $1.72B over the same period.The EPS is expected to shrink by -77.62% this year, but quarterly earnings will post -10.00% year-over-year. Quarterly sales are estimated to shrink -15.60% in year-over-year returns.
The shares outstanding are 66.16M, and float is at 47.29M with Short Float at 17.30%.
The top institutional shareholder in the company is BLACKROCK INC. with over 5.17 million shares valued at $76.21 million. The investor’s holdings represent 7.8086 of the CSIQ Shares outstanding. As of 2024-06-30, the second largest holder is MACKENZIE FINANCIAL CORP with 5.12 million shares valued at $75.46 million to account for 7.7317 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 1.99 million shares representing 3.0086 and valued at over $29.36 million, while INVESCO LTD. holds 2.7991 of the shares totaling 1.85 million with a market value of $27.32 million.
