Canadian Solar Inc (NASDAQ: CSIQ) kicked off on Friday, up 5.39% from the previous trading day, before settling in for the closing price of $15.03. Over the past 52 weeks, CSIQ has traded in a range of $11.41-$26.85.
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Technology Sector giant saw their annual sales surged by 17.87% over the last five years. While this was happening, its average annual earnings per share was recorded -77.62%. With a float of $47.29 million, this company’s outstanding shares have now reached $66.16 million.
The firm has a total of 22234 workers. Let’s measure their productivity.
Canadian Solar Inc (CSIQ) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Solar Industry. The insider ownership of Canadian Solar Inc is 28.53%, while institutional ownership is 49.33%. The most recent insider transaction that took place on Sep 11 ’24, was worth 45,608.
Canadian Solar Inc (CSIQ) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 6/30/2024, the organization reported 0.32 earnings per share (EPS), lower than consensus estimate (set at 0.82) by -0.5. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.59 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -77.62% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 17.50% during the next five years compared to 0.83% growth over the previous five years of trading.
Canadian Solar Inc (NASDAQ: CSIQ) Trading Performance Indicators
Take a look at Canadian Solar Inc’s (CSIQ) current performance indicators. Last quarter, stock had a quick ratio of 0.69. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.16.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.54, a number that is poised to hit -0.07 in the next quarter and is forecasted to reach 3.00 in one year’s time.
Technical Analysis of Canadian Solar Inc (CSIQ)
Analysing the last 5-days average volume posted by the [Canadian Solar Inc, CSIQ], we can find that recorded value of 1.42 million was lower than the volume posted last year of 1.55 million. As of the previous 9 days, the stock’s Stochastic %D was 51.05%. Additionally, its Average True Range was 0.91.
During the past 100 days, Canadian Solar Inc’s (CSIQ) raw stochastic average was set at 45.95%, which indicates a significant decrease from 61.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.39% in the past 14 days, which was lower than the 74.03% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $14.22, while its 200-day Moving Average is $17.91. Now, the first resistance to watch is $16.21. This is followed by the second major resistance level at $16.57. The third major resistance level sits at $17.05. If the price goes on to break the first support level at $15.37, it is likely to go to the next support level at $14.89. Should the price break the second support level, the third support level stands at $14.53.
Canadian Solar Inc (NASDAQ: CSIQ) Key Stats
The company with the Market Capitalisation of 1.05 billion has total of 66,159K Shares Outstanding. Its annual sales at the moment are 7,614 M in contrast with the sum of 274,190 K annual income. Company’s last quarter sales were recorded 1,635 M and last quarter income was 3,820 K.
