At the time of writing, Canadian Solar Inc [CSIQ] stock is trading at $14.43, up 2.70%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CSIQ shares have gain 5.64% over the last week, with a monthly amount glided 17.56%, 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 August 23, 2024, when Oppenheimer reiterated its Outperform rating and also revised its price target to $27 from $43. Previously, Daiwa Securities started tracking the stock with Neutral rating on March 11, 2024, and set its price target to $21. On December 18, 2023, upgrade upgraded it’s rating to Neutral but maintained its price target of $25 on the stock. JP Morgan downgraded its rating to a Underweight and decreased its price target to $22 on November 15, 2023. UBS upgraded its rating to a Buy. Citigroup downgraded its rating to Neutral for this stock on March 10, 2023, and downed its price target to $44. In a note dated September 08, 2022, Goldman downgraded an Sell rating on this stock and revised its target price from $43 to $38.
For the past year, the stock price of Canadian Solar Inc fluctuated between $11.41 and $26.85. Currently, Wall Street analysts expect the stock to reach $22.33 within the next 12 months. Canadian Solar Inc [NASDAQ: CSIQ] shares were valued at $14.43 at the most recent close of the market. An investor can expect a potential return of 54.75% based on the average CSIQ price forecast.
Analyzing the CSIQ fundamentals
According to Canadian Solar Inc [NASDAQ:CSIQ], the company’s sales were 6.51B for trailing twelve months, which represents an -30.82% plunge. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.02%, and Net Profit Margin reading is 0.01%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.01 and Total Capital is 0.02. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.81.
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 13.90 points at the first support level, and at 13.37 for the second support level. However, for the 1st resistance point, the stock is sitting at 14.74, and for the 2nd resistance point, it is at 15.05.
Ratios To Look Out For
It is important to note that Canadian Solar Inc [NASDAQ:CSIQ] has a current ratio of 0.94. Further, the Quick Ratio stands at 0.69, while the Cash Ratio is 0.39. Considering the valuation of this stock, the price to sales ratio is 0.15, the price to book ratio is 0.36 and price to earnings (TTM) ratio is 26.65.
Transactions by insiders
Recent insider trading involved Wong Andrew Luen Cheung, Director, that happened on Sep 11 ’24 when 3687.0 shares were purchased.
