On Tuesday, Canadian Solar Inc (NASDAQ: CSIQ) opened higher 0.55% from the last session, before settling in for the closing price of $12.63. Price fluctuations for CSIQ have ranged from $11.41 to $26.85 over the past 52 weeks.
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Technology Sector giant saw their annual sales surged by 17.87% over the last five years. Company’s average yearly earnings per share was noted -78.10% at the time writing. 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. In terms of profitability, gross margin is 16.22%, operating margin of 1.87%, and the pretax margin is 1.95%.
Canadian Solar Inc (CSIQ) Insider Activity
A key investor’s attitude towards the stock of the Solar industry is another important factor to consider. The insider ownership of Canadian Solar Inc is 28.53%, while institutional ownership is 48.97%. The most recent insider transaction that took place on Sep 11 ’24, was worth 45,608.
Canadian Solar Inc (CSIQ) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 6/30/2024, the company posted 0.32 earnings per share (EPS) for the quarter, coming under the agreed prediction (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 -78.10% 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
Check out the current performance indicators for Canadian Solar Inc (CSIQ). In the past quarter, the stock posted a quick ratio of 0.69. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.13.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.54, a number that is poised to hit -0.06 in the next quarter and is forecasted to reach 2.74 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 1.96 million was better than the volume posted last year of 1.61 million. As of the previous 9 days, the stock’s Stochastic %D was 13.07%. Additionally, its Average True Range was 0.97.
During the past 100 days, Canadian Solar Inc’s (CSIQ) raw stochastic average was set at 13.38%, which indicates a significant increase from 7.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 84.08% in the past 14 days, which was higher than the 74.76% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.93, while its 200-day Moving Average is $17.22. Now, the first resistance to watch is $13.12. This is followed by the second major resistance level at $13.55. The third major resistance level sits at $14.05. If the price goes on to break the first support level at $12.19, it is likely to go to the next support level at $11.69. Should the price break the second support level, the third support level stands at $11.26.
Canadian Solar Inc (NASDAQ: CSIQ) Key Stats
There are currently 66,159K shares outstanding in the company with a market cap of 840.36 million. Presently, the company’s annual sales total 7,614 M according to its annual income of 274,190 K. Last quarter, the company’s sales amounted to 1,635 M and its income totaled 3,820 K.
