Canadian Solar Inc [CSIQ] stock prices are up 10.29% to $17.47 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CSIQ shares have gain 4.24% over the last week, with a monthly amount glided 46.68%, 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.
The stock price of Canadian Solar Inc [CSIQ] has been fluctuating between $11.41 and $26.85 over the past year. 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 $17.47 at the most recent close of the market. An investor can expect a potential return of 27.82% based on the average CSIQ price forecast.
Analyzing the CSIQ fundamentals
The Canadian Solar Inc [NASDAQ:CSIQ] reported sales of 6.51B for trailing twelve months, representing a drop of -30.82%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.81.
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 15.96 points at the first support level, and at 14.44 for the second support level. However, for the 1st resistance point, the stock is sitting at 19.27, and for the 2nd resistance point, it is at 21.06.
Ratios To Look Out For
It’s worth pointing out that Canadian Solar Inc [NASDAQ:CSIQ]’s Current Ratio is 0.94. Also, the Quick Ratio is 0.69, while the Cash Ratio stands at 0.39. Considering the valuation of this stock, the price to sales ratio is 0.18, the price to book ratio is 0.44 and price to earnings (TTM) ratio is 32.27.
Transactions by insiders
Recent insider trading involved Wong Andrew Luen Cheung, Director, that happened on Sep 11 ’24 when 3687.0 shares were purchased.
