Why should you keep an eye on Canadian Solar Inc (CSIQ)?

Canadian Solar Inc (NASDAQ: CSIQ) is -11.96% 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 $9.21 in the last trading session, with the day’s gains setting it 0.58%.

Currently trading at $9.79, the stock is 12.56% and 8.07% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.19 million and changing 6.30% at the moment leaves the stock -17.56% off its SMA200. CSIQ registered -44.25% loss for a year compared to 6-month loss of -40.05%.

The stock witnessed a 19.68% gain in the last 1 month and extending the period to 3 months gives it a -3.83%, and is 2.51% 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 5.66% over the week and 8.92% over the month.

Canadian Solar Inc (CSIQ) has around 17113 employees, a market worth around $655.54M and $5.99B in sales. Current P/E ratio is 19.78 and Fwd P/E is 4.93. Profit margin for the company is 0.60%. Distance from 52-week low is 49.12% and -53.49% from its 52-week high. The company has generated returns on investments over the last 12 months (0.60%).

The EPS is expected to shrink by -221.75% this year.

Canadian Solar Inc (CSIQ) Top Institutional Holders

The shares outstanding are 66.95M, and float is at 45.73M with Short Float at 20.77%.

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 2.7886 of the shares totaling 1.85 million with a market value of $27.32 million.