Canadian Solar Inc (NASDAQ: CSIQ) is -2.97% lower on its value in year-to-date trading and has touched a low of $10.33 and a high of $25.43 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 $10.37 in the last trading session, with the day’s gains setting it 0.42%.
Currently trading at $10.79, the stock is -7.20% and -8.97% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.69 million and changing 4.05% at the moment leaves the stock -25.49% off its SMA200. CSIQ registered -48.74% loss for a year compared to 6-month loss of -33.27%. The firm has a 50-day simple moving average (SMA 50) of $11.9 and a 200-day simple moving average (SMA200) of $14.51405.
The stock witnessed a 0.28% gain in the last 1 month and extending the period to 3 months gives it a -14.57%, and is -4.85% 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 4.51% over the week and 5.41% over the month.
Canadian Solar Inc (CSIQ) has around 22234 employees, a market worth around $714.03M and $6.17B in sales. Current P/E ratio is 906.72 and Fwd P/E is 8.49. Profit margin for the company is 0.01%. Distance from 52-week low is 4.45% and -57.57% from its 52-week high. The company has generated returns on investments over the last 12 months (0.01%).
with sales reaching $1.63B over the same period.The EPS is expected to shrink by -96.97% this year, but quarterly earnings will post -20.13% year-over-year. Quarterly sales are estimated to shrink -4.09% in year-over-year returns.
The shares outstanding are 66.16M, and float is at 47.29M with Short Float at 22.70%.
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.
