Canadian Solar Inc (NASDAQ: CSIQ) on Friday, soared 5.40% from the previous trading day, before settling in for the closing price of $11.30. Within the past 52 weeks, CSIQ’s price has moved between $10.91 and $26.85.
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A company in the Technology sector has jumped its sales by 17.87% annually for the last half of the decade. The company achieved an average annual earnings per share of -81.14%. With a float of $47.29 million, this company’s outstanding shares have now reached $66.16 million.
In an organization with 22234 employees, it is important to assess its efficiency. 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 Updates
Observing investor behavior towards Solar industry stocks is more important than anything else. The insider ownership of Canadian Solar Inc is 28.53%, while institutional ownership is 52.08%. The most recent insider transaction that took place on Sep 11 ’24, was worth 45,608.
Canadian Solar Inc (CSIQ) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around -81.14% 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
Canadian Solar Inc (CSIQ) is currently performing well based on its current performance indicators. A quick ratio of 0.69 was reported for the most recent quarter. 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 -0.11 in the next quarter and is forecasted to reach 2.55 in one year’s time.
Technical Analysis of Canadian Solar Inc (CSIQ)
Let’s dig in a bit further. During the last 5-days, its volume was 1.74 million. That was better than the volume of 1.72 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 42.66%. Additionally, its Average True Range was 0.94.
During the past 100 days, Canadian Solar Inc’s (CSIQ) raw stochastic average was set at 11.58%, which indicates a significant decrease from 18.45% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 109.51% in the past 14 days, which was higher than the 89.56% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.74, while its 200-day Moving Average is $16.14. However, in the short run, Canadian Solar Inc’s stock first resistance to watch stands at $12.24. Second resistance stands at $12.56. The third major resistance level sits at $13.17. If the price goes on to break the first support level at $11.31, it is likely to go to the next support level at $10.70. Assuming the price breaks the second support level, the third support level stands at $10.38.
Canadian Solar Inc (NASDAQ: CSIQ) Key Stats
Market capitalization of the company is 830.69 million based on 66,159K outstanding shares. Right now, sales total 7,614 M and income totals 274,190 K. The company made 1,635 M in profit during its latest quarter, and 3,820 K in sales during its previous quarter.
