A share price of Canadian Solar Inc [CSIQ] is currently trading at $17.13, up 5.74%. An important factor to consider is whether the stock is rising or falling in short-term value. The CSIQ shares have gain 8.49% over the last week, with a monthly amount glided 11.38%, and 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.
Canadian Solar Inc experienced fluctuations in its stock price throughout the past year between $13.80 and $37.70. Currently, Wall Street analysts expect the stock to reach $24 within the next 12 months. Canadian Solar Inc [NASDAQ: CSIQ] shares were valued at $17.13 at the most recent close of the market. An investor can expect a potential return of 40.11% based on the average CSIQ price forecast.
Analyzing the CSIQ fundamentals
Trailing Twelve Months sales for Canadian Solar Inc [NASDAQ:CSIQ] were 7.24B which represents -21.88% decline. 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. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.0.
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 16.66 points at the first support level, and at 16.20 for the second support level. However, for the 1st resistance point, the stock is sitting at 17.42, and for the 2nd resistance point, it is at 17.71.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Canadian Solar Inc [NASDAQ:CSIQ] is 0.98. On the other hand, the Quick Ratio is 0.71, and 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 6.00.
