Canadian Solar Inc [CSIQ] stock prices are down -0.75% to $17.28 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CSIQ shares have gain 12.57% over the last week, with a monthly amount drifted -3.84%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Canadian Solar Inc [NASDAQ: CSIQ] stock has seen the most recent analyst activity on March 11, 2024, when Daiwa Securities initiated its Neutral rating and assigned the stock a price target of $21. Previously, Goldman upgraded its rating to Neutral on December 18, 2023, and kept the price target unchanged to $25. On November 15, 2023, downgrade downgraded it’s rating to Underweight and revised its price target to $22 on the stock. UBS upgraded its rating to a Buy. Citigroup downgraded its rating to a Neutral and reduced its price target to $44 on March 10, 2023. Goldman downgraded its rating to Sell for this stock on September 08, 2022, and downed its price target to $38. In a note dated November 23, 2021, Wells Fargo initiated an Equal Weight rating and provided a target price of $44 on this stock.
The stock price of Canadian Solar Inc [CSIQ] has been fluctuating between $13.80 and $39.07 over the past year. Currently, Wall Street analysts expect the stock to reach $24 within the next 12 months. Canadian Solar Inc [NASDAQ: CSIQ] shares were valued at $17.28 at the most recent close of the market. An investor can expect a potential return of 38.89% based on the average CSIQ price forecast.
Analyzing the CSIQ fundamentals
The Canadian Solar Inc [NASDAQ:CSIQ] reported sales of 7.24B for trailing twelve months, representing a drop of -21.88%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.04%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.02, Equity is 0.08 and Total Capital is 0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.0.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 17.05 points at the first support level, and at 16.83 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.67, and for the 2nd resistance point, it is at 18.07.
Ratios To Look Out For
It’s worth pointing out that Canadian Solar Inc [NASDAQ:CSIQ]’s Current Ratio is 0.98. As well, the Quick Ratio is 0.71, while the Cash Ratio is 0.48. Considering the valuation of this stock, the price to sales ratio is 0.16, the price to book ratio is 0.45 and price to earnings (TTM) ratio is 6.05.
