A new trading day began on Friday, with Canadian Solar Inc (NASDAQ: CSIQ) stock price up 4.80% from the previous day of trading, before settling in for the closing price of $11.46. CSIQ’s price has ranged from $10.91 to $26.85 over the past 52 weeks.
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Annual sales at Technology sector company grew by 17.87% over the past five years. Meanwhile, its annual earnings per share averaged -92.96%. 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 16.13%, operating margin of 1.02%, and the pretax margin is 0.81%.
Canadian Solar Inc (CSIQ) Insider and Institutional Ownership
As we move forward, let’s examine how large-scale investors are investing in this stock of the Solar Industry. The insider ownership of Canadian Solar Inc is 28.53%, while institutional ownership is 52.01%. The most recent insider transaction that took place on Sep 11 ’24, was worth 45,608.
Canadian Solar Inc (CSIQ) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around -92.96% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 16.50% 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
Here are Canadian Solar Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.75. 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 0.01, a number that is poised to hit 0.12 in the next quarter and is forecasted to reach 1.81 in one year’s time.
Technical Analysis of Canadian Solar Inc (CSIQ)
Canadian Solar Inc (NASDAQ: CSIQ) saw its 5-day average volume 2.23 million, a positive change from its year-to-date volume of 1.74 million. As of the previous 9 days, the stock’s Stochastic %D was 33.93%. Additionally, its Average True Range was 0.84.
During the past 100 days, Canadian Solar Inc’s (CSIQ) raw stochastic average was set at 12.73%, which indicates a significant decrease from 46.26% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 71.50% in the past 14 days, which was lower than the 88.15% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.39, while its 200-day Moving Average is $15.68. Nevertheless, the first resistance level for the watch stands at $12.34 in the near term. At $12.67, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.09. If the price goes on to break the first support level at $11.59, it is likely to go to the next support level at $11.17. The third support level lies at $10.84 if the price breaches the second support level.
Canadian Solar Inc (NASDAQ: CSIQ) Key Stats
With a market capitalization of 832.90 million, the company has a total of 66,159K Shares Outstanding. Currently, annual sales are 7,614 M while annual income is 274,190 K. The company’s previous quarter sales were 1,635 M while its latest quarter income was 3,820 K.
