Canadian Solar Inc (NASDAQ: CSIQ) has a price-to-earnings ratio that is above its average at 21.80x. The stock has a 36-month beta value of 1.31. Opinions on the stock are mixed, with 3 analysts rating it as a “buy,” 1 as “overweight,” 5 as “hold,” and 1 as “sell.”
The public float for CSIQ is 47.29M, and at present, short sellers hold a 21.06% of that float. On November 21, 2024, the average trading volume of CSIQ was 2.22M shares.
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CSIQ) stock’s latest price update
The stock price of Canadian Solar Inc (NASDAQ: CSIQ) has surged by 6.69 when compared to previous closing price of 11.06, but the company has seen a -0.92% decline in its stock price over the last five trading sessions. seekingalpha.com reported 2024-11-15 that Canadian Solar’s shift to retaining solar power plants and battery storage aims for long-term gains, despite short-term EPS impacts and a current stock price drop. The company’s vertical integration and new business model promise consistent profits from electricity sales, mitigating the volatility of solar panel manufacturing. Major project sales, like the Dominican Republic solar project, and increasing electricity sales are expected to boost Q3 earnings and future profitability.
CSIQ’s Market Performance
Canadian Solar Inc (CSIQ) has experienced a -0.92% fall in stock performance for the past week, with a -7.09% drop in the past month, and a -3.87% drop in the past quarter. The volatility ratio for the week is 5.67%, and the volatility levels for the past 30 days are at 7.61% for CSIQ. The simple moving average for the last 20 days is -10.13% for CSIQ stock, with a simple moving average of -27.37% for the last 200 days.
Analysts’ Opinion of CSIQ
Many brokerage firms have already submitted their reports for CSIQ stocks, with Citigroup repeating the rating for CSIQ by listing it as a “Sell.” The predicted price for CSIQ in the upcoming period, according to Citigroup is $11 based on the research report published on October 22, 2024 of the current year 2024.
Oppenheimer, on the other hand, stated in their research note that they expect to see CSIQ reach a price target of $27, previously predicting the price at $43. The rating they have provided for CSIQ stocks is “Outperform” according to the report published on August 23rd, 2024.
Daiwa Securities gave a rating of “Neutral” to CSIQ, setting the target price at $21 in the report published on March 11th of the current year.
CSIQ Trading at -14.71% from the 50-Day Moving Average
After a stumble in the market that brought CSIQ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -56.05% of loss for the given period.
Volatility was left at 7.61%, however, over the last 30 days, the volatility rate increased by 5.67%, as shares sank -1.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -14.68% lower at present.
During the last 5 trading sessions, CSIQ fell by -0.92%, which changed the moving average for the period of 200-days by -44.55% in comparison to the 20-day moving average, which settled at $13.13. In addition, Canadian Solar Inc saw -55.01% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at CSIQ starting from Wong Andrew Luen Cheung, who proposed sale 3,687 shares at the price of $12.37 back on Sep 11 ’24. After this action, Wong Andrew Luen Cheung now owns shares of Canadian Solar Inc, valued at $45,608 using the latest closing price.
Stock Fundamentals for CSIQ
Current profitability levels for the company are sitting at:
- 0.02 for the present operating margin
- 0.16 for the gross margin
The net margin for Canadian Solar Inc stands at 0.01. The total capital return value is set at 0.02. Equity return is now at value 1.44, with 0.31 for asset returns.
Based on Canadian Solar Inc (CSIQ), the company’s capital structure generated 0.64 points at debt to capital in total, while cash flow to debt ratio is standing at -0.08. The debt to equity ratio resting at 1.81. The interest coverage ratio of the stock is 1.11.
Currently, EBITDA for the company is 877.3 million with net debt to EBITDA at 4.86. When we switch over and look at the enterprise to sales, we see a ratio of 0.54. The receivables turnover for the company is 4.68for trailing twelve months and the total asset turnover is 0.54. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.94.
Conclusion
To sum up, Canadian Solar Inc (CSIQ) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
