Canadian Solar Inc (NASDAQ: CSIQ) is -35.43% lower on its value in year-to-date trading and has touched a low of $6.57 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 $7.15 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $7.18, the stock is -15.53% and -24.94% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.98 million and changing 0.42% at the moment leaves the stock -42.22% off its SMA200. CSIQ registered -54.24% loss for a year compared to 6-month loss of -46.22%. The firm has a 50-day simple moving average (SMA 50) of $9.5664 and a 200-day simple moving average (SMA200) of $12.4273.
The stock witnessed a -26.58% gain in the last 1 month and extending the period to 3 months gives it a -36.68%, and is -12.22% 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 8.99% over the week and 9.64% over the month.
Current P/E ratio is 14.00 and Fwd P/E is 4.60. Profit margin for the company is 0.60%. Distance from 52-week low is 9.37% and -65.89% from its 52-week high. The company has generated returns on investments over the last 12 months (0.63%).
with sales reaching $1.11B over the same period.The EPS is expected to shrink by -223.29% this year, but quarterly earnings will post 23.68% year-over-year. Quarterly sales are estimated to shrink -16.67% in year-over-year returns.
204.0 institutions hold shares in Canadian Solar Inc (CSIQ), with institutional investors hold 71.98% of the company’s shares. The shares outstanding are 66.17M, and float is at 47.03M with Short Float at 23.97%. Institutions hold 51.16% 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.
