A new trading day began on Thursday, with Canadian Solar Inc (NASDAQ: CSIQ) stock price up 3.90% from the previous day of trading, before settling in for the closing price of $7.18. CSIQ’s price has ranged from $6.57 to $21.05 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 16.52%. Meanwhile, its annual earnings per share averaged -233.33%. With a float of $47.03 million, this company’s outstanding shares have now reached $66.17 million.
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 Activity
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 28.93%, while institutional ownership is 49.45%. The most recent insider transaction that took place on Dec 16 ’24, was worth 36,522. Before that another transaction happened on Sep 11 ’24, when Company’s Director proposed sale 3,687 for $12.37, making the entire transaction worth $45,608.
Canadian Solar Inc (CSIQ) Earnings and Forecasts
Wall Street market experts anticipate that the next fiscal year will bring earnings of -0.3 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -233.33% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 89.36% during the next five years compared to -28.41% drop 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 0.74. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.08.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 0.51, a number that is poised to hit -1.05 in the next quarter and is forecasted to reach 1.70 in one year’s time.
Technical Analysis of Canadian Solar Inc (CSIQ)
Compared to the last year’s volume of 1.87 million, its volume of 1.94 million showed improvement in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 36.67%. Additionally, its Average True Range was 0.74.
During the past 100 days, Canadian Solar Inc’s (CSIQ) raw stochastic average was set at 12.55%, which indicates a significant decrease from 35.46% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 130.18% in the past 14 days, which was higher than the 74.26% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $9.52, while its 200-day Moving Average is $12.39. Nevertheless, the first resistance level for the watch stands at $7.61 in the near term. At $7.76, the stock is likely to face the second major resistance level. The third major resistance level sits at $8.01. If the price goes on to break the first support level at $7.21, it is likely to go to the next support level at $6.97. Should the price break the second support level, the third support level stands at $6.82.
Canadian Solar Inc (NASDAQ: CSIQ) Key Stats
With a market capitalization of 493.66 million, the company has a total of 66,159K Shares Outstanding. Currently, annual sales are 5,993 M while annual income is 36,050 K. The company’s previous quarter sales were 1,521 M while its latest quarter income was 33,900 K.
