The stock of Canadian Solar Inc (NASDAQ: CSIQ) has decreased by -2.95 when compared to last closing price of 12.58.Despite this, the company has seen a loss of -1.78% in its stock price over the last five trading days. zacks.com reported 2024-12-03 that Investors looking for stocks in the Solar sector might want to consider either Canadian Solar (CSIQ) or Enphase Energy (ENPH). But which of these two stocks is more attractive to value investors?
Is It Worth Investing in Canadian Solar Inc (NASDAQ: CSIQ) Right Now?
Canadian Solar Inc (NASDAQ: CSIQ) has a price-to-earnings ratio of 22.55x that is above its average ratio. Additionally, the 36-month beta value for CSIQ is 1.26. There are mixed opinions on the stock, with 4 analysts rating it as a “buy,” 1 rating it as “overweight,” 3 rating it as “hold,” and 1 rating it as “sell.”
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The public float for CSIQ is 47.29M and currently, short sellers hold a 21.91% ratio of that float. The average trading volume of CSIQ on December 04, 2024 was 2.14M shares.
CSIQ’s Market Performance
CSIQ stock saw a decrease of -1.78% in the past week, with a monthly decline of -23.51% and a quarterly a decrease of -2.41%. The volatility ratio for the week is 4.76%, and the volatility levels for the last 30 days are 6.14% for Canadian Solar Inc (CSIQ). The simple moving average for the past 20 days is 0.46% for CSIQ’s stock, with a -22.62% simple moving average for the past 200 days.
Analysts’ Opinion of CSIQ
Many brokerage firms have already submitted their reports for CSIQ stocks, with Jefferies repeating the rating for CSIQ by listing it as a “Buy.” The predicted price for CSIQ in the upcoming period, according to Jefferies is $14.15 based on the research report published on November 22, 2024 of the current year 2024.
Citigroup, on the other hand, stated in their research note that they expect to see CSIQ reach a price target of $11, previously predicting the price at $19. The rating they have provided for CSIQ stocks is “Sell” according to the report published on October 22nd, 2024.
Oppenheimer gave a rating of “Outperform” to CSIQ, setting the target price at $27 in the report published on August 23rd of the current year.
CSIQ Trading at -9.59% 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 -54.53% of loss for the given period.
Volatility was left at 6.14%, however, over the last 30 days, the volatility rate increased by 4.76%, as shares sank -24.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -17.08% lower at present.
During the last 5 trading sessions, CSIQ fell by -0.40%, which changed the moving average for the period of 200-days by -45.80% in comparison to the 20-day moving average, which settled at $12.16. In addition, Canadian Solar Inc saw -53.46% 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 829.66 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 0.55. 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
In conclusion, Canadian Solar Inc (CSIQ) has seen bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating it as a “buy” and others rating it 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.
