While Canadian Solar Inc has overperformed by 1.46%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CSIQ fell by -45.64%, with highs and lows ranging from $26.85 to $10.94, whereas the simple moving average fell by -31.78% in the last 200 days.
On October 22, 2024, Citigroup Downgraded Canadian Solar Inc (NASDAQ: CSIQ) to Sell. A report published by Oppenheimer on August 23, 2024, Reiterated its previous ‘Outperform’ rating for CSIQ. Daiwa Securities also rated CSIQ shares as ‘Neutral’, setting a target price of $21 on the company’s shares in an initiating report dated March 11, 2024. JP Morgan November 15, 2023d its ‘Neutral’ rating to ‘Underweight’ for CSIQ, as published in its report on November 15, 2023. Citigroup also rated the stock as ‘Neutral’.
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Analysis of Canadian Solar Inc (CSIQ)
Further, the quarter-over-quarter decrease in sales is -30.82%, showing a negative trend in the upcoming months.
One of the most important indicators of Canadian Solar Inc’s future performance is equity, which can be evaluated using several well-rounded types of analysis and research techniques. The goal here is to ensure that your current return on equity of 1.44% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.69, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
For any stock, average volume can also provide valuable insight into volatility, and CSIQ is recording 2.20M average volume. On a monthly basis, the volatility of the stock is set at 7.74%, whereas on a weekly basis, it is put at 6.05%, with a loss of -11.37% over the past seven days. Furthermore, long-term investors anticipate a median target price of $18.00, showing growth from the present price of $11.15, which can serve as yet another indication of whether CSIQ is worth investing in or should be passed over.
How Do You Analyze Canadian Solar Inc Shares?
The Solar market is dominated by Canadian Solar Inc (CSIQ) based in the Canada. When comparing Canadian Solar Inc shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 20.59, there is a growth in quarterly earnings of -97.59%.
Along with the fundamentals, it is also important to consider how many employees own shares of the company. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 28.53%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 52.12% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CSIQ shares are owned by institutional investors to the tune of 52.12% at present.
