A new trading day began on Tuesday, with Complete Solaria Inc. (NASDAQ: CSLR) stock price up 6.03% from the previous day of trading, before settling in for the closing price of $2.82. CSLR’s price has ranged from $0.20 to $3.35 over the past 52 weeks.
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During the last 5-year period, the sales growth of Technology Sector giant was 10.60%. Meanwhile, its annual earnings per share averaged 89.73%. With a float of $38.20 million, this company’s outstanding shares have now reached $49.07 million.
Let’s determine the extent of company efficiency that accounts for 134 employees. In terms of profitability, gross margin is 17.24%, operating margin of -73.8%, and the pretax margin is -162.41%.
Complete Solaria Inc. (CSLR) Insider Activity
As we move forward, let’s examine how large-scale investors are investing in this stock of the Solar Industry. The insider ownership of Complete Solaria Inc. is 39.94%, while institutional ownership is 20.85%. The most recent insider transaction that took place on Aug 19 ’24, was worth 27,177. In this transaction Director of this company sold 15,526 shares at a rate of $1.75, taking the stock ownership to the 337,742 shares. Before that another transaction happened on Aug 16 ’24, when Company’s Director sold 30,000 for $1.59, making the entire transaction worth $47,700. This insider now owns 158,624 shares in total.
Complete Solaria Inc. (CSLR) Earnings and Forecasts
In its latest quarterly report, released on 6/30/2024, the company reported earnings of -1.49 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.05 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 89.73% per share during the next fiscal year.
Complete Solaria Inc. (NASDAQ: CSLR) Trading Performance Indicators
Here are Complete Solaria Inc.’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.19. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -2.48, a number that is poised to hit -0.04 in the next quarter and is forecasted to reach -0.01 in one year’s time.
Technical Analysis of Complete Solaria Inc. (CSLR)
Looking closely at Complete Solaria Inc. (NASDAQ: CSLR), its last 5-days average volume was 1.04 million, which is a drop from its year-to-date volume of 1.41 million. As of the previous 9 days, the stock’s Stochastic %D was 71.01%. Additionally, its Average True Range was 0.27.
During the past 100 days, Complete Solaria Inc.’s (CSLR) raw stochastic average was set at 87.23%, which indicates a significant increase from 78.25% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 86.83% in the past 14 days, which was lower than the 160.39% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $1.79, while its 200-day Moving Average is $1.29. However, in the short run, Complete Solaria Inc.’s stock first resistance to watch stands at $3.12. Second resistance stands at $3.26. The third major resistance level sits at $3.43. If the price goes on to break the first support level at $2.81, it is likely to go to the next support level at $2.64. Should the price break the second support level, the third support level stands at $2.50.
Complete Solaria Inc. (NASDAQ: CSLR) Key Stats
With a market capitalization of 190.19 million, the company has a total of 49,097K Shares Outstanding. Currently, annual sales are 87,620 K while annual income is -269,560 K. The company’s previous quarter sales were 4,490 K while its latest quarter income was -15,890 K.
