Canadian Solar Inc (NASDAQ: CSIQ) is 14.57% higher on its value in year-to-date trading and has touched a low of $10.60 and a high of $25.43 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 $13.29 in the last trading session, with the day’s loss setting it -0.55%.
Currently trading at $12.74, the stock is 6.70% and 2.24% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.46 million and changing -4.14% at the moment leaves the stock -14.06% off its SMA200. CSIQ registered -47.38% loss for a year compared to 6-month loss of -21.02%. The firm has a 50-day simple moving average (SMA 50) of $12.4608 and a 200-day simple moving average (SMA200) of $14.8237.
The stock witnessed a 6.08% gain in the last 1 month and extending the period to 3 months gives it a -18.49%, and is 14.57% 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 6.76% over the week and 5.99% over the month.
Canadian Solar Inc (CSIQ) has around 22234 employees, a market worth around $843.07M and $6.17B in sales. Current P/E ratio is 1070.59 and Fwd P/E is 8.17. Profit margin for the company is 0.01%. Distance from 52-week low is 20.24% and -49.90% from its 52-week high. The company has generated returns on investments over the last 12 months (0.01%).
The EPS is expected to shrink by -97.45% this year
The shares outstanding are 66.16M, and float is at 47.29M with Short Float at 20.39%.
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.
