Canadian Solar Inc (NASDAQ: CSIQ) is -17.00% lower on its value in year-to-date trading and has touched a low of $9.19 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 $9.59 in the last trading session, with the day’s loss setting it -0.36%.
Currently trading at $9.23, the stock is -6.13% and -10.14% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.88 million and changing -3.75% at the moment leaves the stock -28.90% off its SMA200. CSIQ registered -48.67% loss for a year compared to 6-month loss of -33.93%. The firm has a 50-day simple moving average (SMA 50) of $10.2712 and a 200-day simple moving average (SMA200) of $12.9824.
The stock witnessed a -17.52% gain in the last 1 month and extending the period to 3 months gives it a -21.85%, and is -7.33% 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 7.22% over the week and 6.31% over the month.
Canadian Solar Inc (CSIQ) has around 22234 employees, a market worth around $610.79M and $5.99B in sales. Current P/E ratio is 18.00 and Fwd P/E is 5.04. Profit margin for the company is 0.60%. Distance from 52-week low is 0.44% and -56.15% from its 52-week high. The company has generated returns on investments over the last 12 months (0.63%).
The EPS is expected to shrink by -129.55% this year.
Canadian Solar Inc (CSIQ) Top Institutional Holders
214.0 institutions hold shares in Canadian Solar Inc (CSIQ), with institutional investors hold 72.47% of the company’s shares. The shares outstanding are 66.17M, and float is at 47.03M with Short Float at 20.62%. Institutions hold 51.51% 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 7.7793% 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.
Canadian Solar Inc (CSIQ) Insider Activity
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