A new trading day began on Friday, with Canadian Solar Inc (NASDAQ: CSIQ) stock price up 15.04% from the previous day of trading, before settling in for the closing price of $9.71. CSIQ’s price has ranged from $6.57 to $19.55 over the past 52 weeks.
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During the last 5-year period, the sales drop of Technology Sector giant was -28.41%. Meanwhile, its annual earnings per share averaged -326.69%. With a float of $45.35 million, this company’s outstanding shares have now reached $66.17 million.
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 32.29%, while institutional ownership is 39.51%. The most recent insider transaction that took place on Jun 16 ’25, was worth 240,043. Before that another transaction happened on Jun 11 ’25, when Company’s Officer proposed sale 5,579 for $11.37, making the entire transaction worth $63,433.
Canadian Solar Inc (CSIQ) Earnings and Forecasts
In its latest quarterly report, released on 9/30/2024, the company reported earnings of -0.31 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of -1.29 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -326.69% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 59.45% 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 0.77. 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 -0.15, a number that is poised to hit -0.37 in the next quarter and is forecasted to reach 0.65 in one year’s time.
Technical Analysis of Canadian Solar Inc (CSIQ)
Looking closely at Canadian Solar Inc (NASDAQ: CSIQ), its last 5-days average volume was 2.5 million, which is a jump from its year-to-date volume of 1.67 million. As of the previous 9 days, the stock’s Stochastic %D was 35.42%.
During the past 100 days, Canadian Solar Inc’s (CSIQ) raw stochastic average was set at 58.78%, which indicates a significant increase from 46.19% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 0.74 in the past 14 days, which was higher than the 0.67 volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $11.89, while its 200-day Moving Average is $10.80. However, in the short run, Canadian Solar Inc’s stock first resistance to watch stands at $11.59. Second resistance stands at $12.02. The third major resistance level sits at $12.78. If the price goes on to break the first support level at $10.41, it is likely to go to the next support level at $9.65. Should the price break the second support level, the third support level stands at $9.23.
Canadian Solar Inc (NASDAQ: CSIQ) Key Stats
With a market capitalization of 748.08 million, the company has a total of 66,972K Shares Outstanding. Currently, annual sales are 5,993 M while annual income is 36,050 K. The company’s previous quarter sales were 1,694 M while its latest quarter income was 7,200 K.
