While Canadian Solar Inc has underperformed by -11.75%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CSIQ fell by -60.58%, with highs and lows ranging from $21.05 to $7.08, whereas the simple moving average fell by -46.63% in the last 200 days.
On December 17, 2024, Goldman Downgraded Canadian Solar Inc (NASDAQ: CSIQ) to Sell. A report published by Mizuho on December 13, 2024, Initiated its previous ‘Outperform’ rating for CSIQ. Jefferies also rated CSIQ shares as ‘Buy’, setting a target price of $14.15 on the company’s shares in an initiating report dated November 22, 2024. Citigroup October 22, 2024d the rating to Sell on October 22, 2024, and set its price target from $19 to $11. Oppenheimer resumed its ‘Outperform’ rating for CSIQ, as published in its report on August 23, 2024. Daiwa Securities’s report from March 11, 2024 suggests a price prediction of $21 for CSIQ shares, giving the stock a ‘Neutral’ rating. Goldman also rated the stock as ‘Neutral’.
Analysis of Canadian Solar Inc (CSIQ)
Further, the quarter-over-quarter decrease in sales is -10.62%, showing a negative trend in the upcoming months.
Canadian Solar Inc’s future performance can be predicted by a variety of well-rounded types of analysis and research, with equity being one of the most crucial ones. The goal here is to ensure that your current return on equity of 1.34% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.74, 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 be an extremely valuable indicator of volatility, and CSIQ is registering an average volume of 1.76M. On a monthly basis, the volatility of the stock is set at 7.83%, whereas on a weekly basis, it is put at 12.75%, with a loss of -22.57% over the past seven days. Furthermore, long-term investors anticipate a median target price of $13.44, showing growth from the present price of $6.76, 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?
A giant in the Solar market, Canadian Solar Inc (CSIQ) is 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 13.18, there is a growth in quarterly earnings of 2385.71%.
Besides checking the fundamentals, you should also know how many employees own shares in 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 28.93%. 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 49.53% 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 49.53% at present.
