Canadian Solar Inc (NASDAQ: CSIQ) is 0.27% higher 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 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 $9.28 in the last trading session, with the day’s gains setting it 1.87%.
Currently trading at $11.15, the stock is 37.77% and 18.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 11.77 million and changing 20.15% at the moment leaves the stock -8.82% off its SMA200. CSIQ registered -25.02% loss for a year compared to 6-month loss of -12.20%. The firm has a 50-day simple moving average (SMA 50) of $9.3856 and a 200-day simple moving average (SMA200) of $12.22815.
The stock witnessed a 12.17% gain in the last 1 month and extending the period to 3 months gives it a 1.73%, and is 49.46% 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 15.92% over the week and 11.51% over the month.
Current P/E ratio is 21.74 and Fwd P/E is 5.35. Profit margin for the company is 0.60%. Distance from 52-week low is 69.84% and -47.03% from its 52-week high. The company has generated returns on investments over the last 12 months (0.63%).
with sales reaching $1.1B over the same period.The EPS is expected to shrink by -220.58% this year, but quarterly earnings will post 22.98% year-over-year. Quarterly sales are estimated to shrink -17.10% in year-over-year returns.
Canadian Solar Inc (CSIQ) Top Institutional Holders
202.0 institutions hold shares in Canadian Solar Inc (CSIQ), with institutional investors hold 70.79% of the company’s shares. The shares outstanding are 66.17M, and float is at 47.03M with Short Float at 26.10%. Institutions hold 50.31% 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 2.9973% 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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