Canadian Solar Inc (NASDAQ: CSIQ) is -18.73% lower on its value in year-to-date trading and has touched a low of $6.57 and a high of $19.55 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 $14.09 in the last trading session, with the day’s loss setting it -1.38%.
Currently trading at $12.71, the stock is 9.60% and 17.90% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.48 million and changing -9.79% at the moment leaves the stock 12.94% off its SMA200. CSIQ registered 14.30% gain for a year compared to 6-month loss of -4.36%. The firm has a 50-day simple moving average (SMA 50) of $10.7806 and a 200-day simple moving average (SMA200) of $11.25425.
The stock witnessed a 11.79% gain in the last 1 month and extending the period to 3 months gives it a 55.38%, and is 1.52% 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 7.50% over the week and 5.84% over the month.
Canadian Solar Inc (CSIQ) has around 17113 employees, a market worth around $851.22M and $5.86B in sales. Fwd P/E is 9.80. Profit margin for the company is -0.18%. Distance from 52-week low is 93.60% and -34.98% from its 52-week high. The company has generated returns on investments over the last 12 months (-0.16%).
The EPS is expected to shrink by -50.98% this year.
Canadian Solar Inc (CSIQ) Top Institutional Holders
185.0 institutions hold shares in Canadian Solar Inc (CSIQ), with institutional investors hold 71.59% of the company’s shares. The shares outstanding are 66.17M, and float is at 45.58M with Short Float at 15.22%. Institutions hold 48.99% 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 2.7886 of the shares totaling 1.85 million with a market value of $27.32 million.
