On Friday, Canadian Solar Inc (NASDAQ: CSIQ) was -2.74% drop from the session before settling in for the closing price of $12.76. A 52-week range for CSIQ has been $10.91 – $26.85.
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Annual sales at Technology sector company grew by 17.87% over the past five years. When this article was written, the company’s average yearly earnings per share was at -81.14%. 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
Also, it is sometimes useful to examine the sentiment of large-scale investors toward Canadian Solar Inc stocks. The insider ownership of Canadian Solar Inc is 28.53%, while institutional ownership is 52.11%. The most recent insider transaction that took place on Sep 11 ’24, was worth 45,608.
Canadian Solar Inc (CSIQ) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 6/30/2024, it has been observed that the corporation posted 0.32 earnings per share (EPS) during the time that was less than consensus figure (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 -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
You can see what Canadian Solar Inc (CSIQ) is doing with its current performance indicators. In the most recent 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 0.12.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.54, a number that is poised to hit -0.12 in the next quarter and is forecasted to reach 2.69 in one year’s time.
Technical Analysis of Canadian Solar Inc (CSIQ)
Canadian Solar Inc (NASDAQ: CSIQ) saw its 5-day average volume 1.78 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 72.89%. Additionally, its Average True Range was 0.91.
During the past 100 days, Canadian Solar Inc’s (CSIQ) raw stochastic average was set at 17.36%, which indicates a significant decrease from 63.08% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 73.28% in the past 14 days, which was lower than the 91.10% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.62, while its 200-day Moving Average is $15.94. Nevertheless, the first resistance level for the watch stands at $12.78 in the near term. At $13.16, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.37. If the price goes on to break the first support level at $12.20, it is likely to go to the next support level at $12.00. The third support level lies at $11.62 if the price breaches the second support level.
Canadian Solar Inc (NASDAQ: CSIQ) Key Stats
There are 66,159K outstanding shares of the company, which has a market capitalization of 798.70 million. As of now, sales total 7,614 M while income totals 274,190 K. Its latest quarter income was 1,635 M while its last quarter net income were 3,820 K.
