Canadian Solar Inc [CSIQ] stock prices are down -2.74% to $12.41 at the moment. 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 9.82% over the last week, with a monthly amount drifted -12.23%, 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 November 22, 2024, when Jefferies initiated its Buy rating and assigned the stock a price target of $14.15. Previously, Citigroup downgraded its rating to Sell on October 22, 2024, and dropped its price target to $11. On August 23, 2024, Oppenheimer reiterated its Outperform rating and revised its price target to $27 on the stock. Daiwa Securities started tracking the stock assigning a Neutral rating and suggested a price target of $21 on March 11, 2024. Goldman upgraded its rating to a Neutral but $25 remained the price target by the analyst firm on December 18, 2023. JP Morgan downgraded its rating to Underweight for this stock on November 15, 2023, and downed its price target to $22. In a note dated July 06, 2023, UBS upgraded an Buy rating on this stock.
The stock price of Canadian Solar Inc [CSIQ] has been fluctuating between $10.91 and $26.85 over the past year. Currently, Wall Street analysts expect the stock to reach $19.5 within the next 12 months. Canadian Solar Inc [NASDAQ: CSIQ] shares were valued at $12.41 at the most recent close of the market. An investor can expect a potential return of 57.13% 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 12.20 points at the first support level, and at 12.00 for the second support level. However, for the 1st resistance point, the stock is sitting at 12.78, and for the 2nd resistance point, it is at 13.16.
Ratios To Look Out For
It’s worth pointing out that Canadian Solar Inc [NASDAQ:CSIQ]’s Current Ratio is 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 0.12, the price to book ratio is 0.31 and price to earnings (TTM) ratio is 22.92.
Transactions by insiders
Recent insider trading involved Wong Andrew Luen Cheung, Director, that happened on Sep 11 ’24 when 3687.0 shares were purchased.
