A share price of Canadian Solar Inc [CSIQ] is currently trading at $12.69, up 2.50%. 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 5.66% over the last week, with a monthly amount glided 6.55%, 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 December 13, 2024, when Mizuho initiated its Outperform rating and assigned the stock a price target of $20. Previously, Jefferies started tracking the stock with Buy rating on November 22, 2024, and set its price target to $14.15. On October 22, 2024, downgrade downgraded it’s rating to Sell and revised its price target to $11 on the stock. Oppenheimer reiterated its Outperform rating and decreased its price target to $27 on August 23, 2024. Daiwa Securities initiated its recommendation with a Neutral and recommended $21 as its price target on March 11, 2024. Goldman upgraded its rating to Neutral for this stock on December 18, 2023, but kept the price target unchanged to $25. In a note dated November 15, 2023, JP Morgan downgraded an Underweight rating on this stock and revised its target price from $32 to $22.
Canadian Solar Inc experienced fluctuations in its stock price throughout the past year between $10.91 and $26.85. Currently, Wall Street analysts expect the stock to reach $17.67 within the next 12 months. Canadian Solar Inc [NASDAQ: CSIQ] shares were valued at $12.69 at the most recent close of the market. An investor can expect a potential return of 39.24% based on the average CSIQ price forecast.
Analyzing the CSIQ fundamentals
Trailing Twelve Months sales for Canadian Solar Inc [NASDAQ:CSIQ] were 6.17B which represents -18.34% decline. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at 0.01%, and Net Profit Margin reading is 0.0%. To continue investigating profitability, this company’s Return on Assets is posted at 0.0, Equity is 0.0 and Total Capital is 0.01. 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 12.39 points at the first support level, and at 12.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 13.10, and for the 2nd resistance point, it is at 13.50.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Canadian Solar Inc [NASDAQ:CSIQ] is 0.99. Further, the Quick Ratio stands at 0.75, while the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 0.14, the price to book ratio is 0.29 and price to earnings (TTM) ratio is 1066.39.
Transactions by insiders
Recent insider trading involved Wong Andrew Luen Cheung, Director, that happened on Sep 11 ’24 when 3687.0 shares were purchased.
