Canadian Solar Inc (NASDAQ: CSIQ) kicked off on Friday, down -6.63% from the previous trading day, before settling in for the closing price of $11.77. Over the past 52 weeks, CSIQ has traded in a range of $11.37-$26.85.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
Annual sales at Technology sector company grew by 17.87% over the past five years. While this was happening, its average annual earnings per share was recorded -80.80%. With a float of $47.29 million, this company’s outstanding shares have now reached $66.16 million.
Let’s look at the performance matrix of the company that is accounted for 22234 employees. In terms of profitability, gross margin is 16.22%, operating margin of 2.24%, and the pretax margin is 1.95%.
Canadian Solar Inc (CSIQ) Insider and Institutional Ownership
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 52.12%. The most recent insider transaction that took place on Sep 11 ’24, was worth 45,608.
Canadian Solar Inc (CSIQ) Latest Financial update
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 0.7) by -0.38. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.58 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -80.80% 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 0.10.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.54, a number that is poised to hit -0.11 in the next quarter and is forecasted to reach 2.71 in one year’s time.
Technical Analysis of Canadian Solar Inc (CSIQ)
Canadian Solar Inc (NASDAQ: CSIQ) saw its 5-day average volume 2.78 million, a positive change from its year-to-date volume of 1.72 million. As of the previous 9 days, the stock’s Stochastic %D was 3.94%. Additionally, its Average True Range was 1.09.
During the past 100 days, Canadian Solar Inc’s (CSIQ) raw stochastic average was set at 0.58%, which indicates a significant decrease from 0.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 113.55% in the past 14 days, which was higher than the 90.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.92, while its 200-day Moving Average is $16.40. Nevertheless, the first resistance level for the watch stands at $11.68 in the near term. At $12.37, the stock is likely to face the second major resistance level. The third major resistance level sits at $12.74. If the price goes on to break the first support level at $10.62, it is likely to go to the next support level at $10.25. The third support level lies at $9.56 if the price breaches the second support level.
Canadian Solar Inc (NASDAQ: CSIQ) Key Stats
The company with the Market Capitalisation of 679.06 million 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.
