The stock of Canadian Solar Inc (CSIQ) has seen a -10.00% decrease in the past week, with a 3.59% gain in the past month, and a -22.29% decrease in the past quarter. The volatility ratio for the week is 6.04%, and the volatility levels for the past 30 days are at 6.00% for CSIQ. The simple moving average for the last 20 days is -6.55% for CSIQ stock, with a simple moving average of -25.93% for the last 200 days.
Is It Worth Investing in Canadian Solar Inc (NASDAQ: CSIQ) Right Now?
Canadian Solar Inc (NASDAQ: CSIQ) has a price-to-earnings ratio of 956.72x 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 5 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 22.23% ratio of that float. The average trading volume of CSIQ on December 17, 2024 was 2.26M shares.
CSIQ) stock’s latest price update
The stock price of Canadian Solar Inc (NASDAQ: CSIQ) has plunged by -2.36 when compared to previous closing price of 11.66, but the company has seen a -10.00% decline in its stock price over the last five trading sessions. zacks.com reported 2024-12-13 that CSIQ plans to deliver 315 MWh DC of battery storage solutions in Texas and sell up to 2 GWp of high-efficiency solar modules for various Sunraycer projects.
Analysts’ Opinion of CSIQ
Mizuho, on the other hand, stated in their research note that they expect to see CSIQ reach a price target of $20. The rating they have provided for CSIQ stocks is “Outperform” according to the report published on December 13th, 2024.
Jefferies gave a rating of “Buy” to CSIQ, setting the target price at $14.15 in the report published on November 22nd of the current year.
CSIQ Trading at -11.41% 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 -57.60% of loss for the given period.
Volatility was left at 6.00%, however, over the last 30 days, the volatility rate increased by 6.04%, as shares surge +2.69% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -34.46% lower at present.
During the last 5 trading sessions, CSIQ fell by -9.49%, which changed the moving average for the period of 200-days by -43.57% in comparison to the 20-day moving average, which settled at $12.19. In addition, Canadian Solar Inc saw -56.60% 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 2,878 shares at the price of $12.69 back on Dec 16 ’24. After this action, Wong Andrew Luen Cheung now owns shares of Canadian Solar Inc, valued at $36,522 using the latest closing price.
Wong Andrew Luen Cheung, the Director of Canadian Solar Inc, proposed sale 3,687 shares at $12.37 during a trade that took place back on Sep 11 ’24, which means that Wong Andrew Luen Cheung is holding shares at $45,608 based on the most recent closing price.
Stock Fundamentals for CSIQ
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.16 for the gross margin
The net margin for Canadian Solar Inc stands at 0.0. The total capital return value is set at 0.01. Equity return is now at value 0.03, with 0.01 for asset returns.
Based on Canadian Solar Inc (CSIQ), the company’s capital structure generated 0.67 points at debt to capital in total, while cash flow to debt ratio is standing at -0.13. The debt to equity ratio resting at 2.0. The interest coverage ratio of the stock is 0.47.
Currently, EBITDA for the company is 829.66 million with net debt to EBITDA at 9.12. When we switch over and look at the enterprise to sales, we see a ratio of 0.74. The receivables turnover for the company is 4.58for trailing twelve months and the total asset turnover is 0.45. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.99.
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.
