A share price of Canadian Solar Inc [CSIQ] is currently trading at $10.53, up 7.67%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CSIQ shares have gain 11.19% over the last week, with a monthly amount drifted -2.23%, and not seem to be holding up well over a long-time horizon.
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.
Canadian Solar Inc experienced fluctuations in its stock price throughout the past year between $9.19 and $21.05. Currently, Wall Street analysts expect the stock to reach $11 within the next 12 months. Canadian Solar Inc [NASDAQ: CSIQ] shares were valued at $10.53 at the most recent close of the market. An investor can expect a potential return of 4.46% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.08.
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 9.91 points at the first support level, and at 9.30 for the second support level. However, for the 1st resistance point, the stock is sitting at 10.98, and for the 2nd resistance point, it is at 11.44.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Canadian Solar Inc [NASDAQ:CSIQ] is 0.99. As well, the Quick Ratio is 0.75, while the Cash Ratio is 0.36. Considering the valuation of this stock, the price to sales ratio is 0.11, the price to book ratio is 0.24 and price to earnings (TTM) ratio is 884.87.
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.
