Canadian Solar Inc (NASDAQ: CSIQ) kicked off on Friday, up 2.50% from the previous trading day, before settling in for the closing price of $12.38. Over the past 52 weeks, CSIQ has traded in a range of $10.91-$26.85.
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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 -92.97%. 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 Updates
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 52.01%. 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 -92.97% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.00% 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 0.75. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.14.
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 2.09 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 57.55%. Additionally, its Average True Range was 0.83.
During the past 100 days, Canadian Solar Inc’s (CSIQ) raw stochastic average was set at 20.60%, which indicates a significant decrease from 60.68% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 64.67% in the past 14 days, which was lower than the 88.17% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $13.06, while its 200-day Moving Average is $15.46. Nevertheless, the first resistance level for the watch stands at $13.10 in the near term. At $13.50, the stock is likely to face the second major resistance level. The third major resistance level sits at $13.81. If the price goes on to break the first support level at $12.39, it is likely to go to the next support level at $12.08. Assuming the price breaks the second support level, the third support level stands at $11.68.
Canadian Solar Inc (NASDAQ: CSIQ) Key Stats
The company with the Market Capitalisation of 860.79 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 1,508 M and last quarter income was -14,030 K.
