At the time of writing, Canadian Solar Inc [CSIQ] stock is trading at $11.73, up 2.00%. 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 0.60% over the last week, with a monthly amount glided 3.81%, 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 17, 2024, when Goldman downgraded its rating to a Sell and also revised its price target to $11 from $14. Previously, Mizuho started tracking the stock with Outperform rating on December 13, 2024, and set its price target to $20. On November 22, 2024, Jefferies initiated with a Buy rating and assigned a price target of $14.15 on the stock. Citigroup downgraded its rating to a Sell and decreased its price target to $11 on October 22, 2024. Oppenheimer reiterated its recommendation of a Outperform and reduced its price target to $27 on August 23, 2024. Daiwa Securities started tracking with a Neutral rating for this stock on March 11, 2024, and assigned it a price target of $21. In a note dated December 18, 2023, Goldman upgraded an Neutral rating on this stock but restated the target price of $25.
For the past year, the stock price of Canadian Solar Inc fluctuated between $10.60 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 $11.73 at the most recent close of the market. An investor can expect a potential return of 50.64% based on the average CSIQ price forecast.
Analyzing the CSIQ fundamentals
According to Canadian Solar Inc [NASDAQ:CSIQ], the company’s sales were 6.17B for trailing twelve months, which represents an -18.34% plunge. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.0.
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 11.48 points at the first support level, and at 11.23 for the second support level. However, for the 1st resistance point, the stock is sitting at 11.86, and for the 2nd resistance point, it is at 11.99.
Ratios To Look Out For
It is important to note that Canadian Solar Inc [NASDAQ:CSIQ] has a current ratio of 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 0.13, the price to book ratio is 0.27 and price to earnings (TTM) ratio is 985.71.
Transactions by insiders
Recent insider trading involved Wong Andrew Luen Cheung, Director, that happened on Dec 16 ’24 when 2878.0 shares were purchased. Director, Wong Andrew Luen Cheung completed a deal on Sep 11 ’24 to buy 3687.0 shares.
