Canadian Solar Inc (NASDAQ: CSIQ) is -16.37% lower on its value in year-to-date trading and has touched a low of $9.29 and a high of $21.05 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 $9.47 in the last trading session, with the day’s loss setting it -0.17%.
Currently trading at $9.30, the stock is -10.84% and -13.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.08 million and changing -1.80% at the moment leaves the stock -30.99% off its SMA200. CSIQ registered -54.83% loss for a year compared to 6-month loss of -24.82%. The firm has a 50-day simple moving average (SMA 50) of $10.7492 and a 200-day simple moving average (SMA200) of $13.4771.
The stock witnessed a -4.02% gain in the last 1 month and extending the period to 3 months gives it a -25.78%, and is -7.37% 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 5.48% over the week and 5.85% over the month.
Canadian Solar Inc (CSIQ) has around 22234 employees, a market worth around $615.43M and $6.17B in sales. Current P/E ratio is 781.51 and Fwd P/E is 7.43. Profit margin for the company is 0.01%. Distance from 52-week low is 0.11% and -55.82% 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 -98.75% this year
213.0 institutions hold shares in Canadian Solar Inc (CSIQ), with institutional investors hold 72.47% of the company’s shares. The shares outstanding are 66.16M, and float is at 47.03M with Short Float at 22.42%. Institutions hold 51.50% of the Float.
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 7.7027 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.
