Canadian Solar Inc (NASDAQ:CSIQ) price closed lower on Friday, April 12, dropping -5.01% below its previous close.
A look at the daily price movement shows that the last close reads $16.58. The company’s 5Y monthly beta was ticking 1.25 while its P/E ratio in the trailing 12-month period read 4.10. Taking into account the 52-week price action we note that the stock hit a 52-week high of $45.29 and 52-week low of $16.26. The stock subtracted -19.48% on its value in the past month.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give CSIQ a short term outlook of 100% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.
If we dive deeper into the stock’s performance we see the positive picture represented by the PEG ratio, currently standing at 0.16. The overview shows that CSIQ’s price is at present -15.42% off the SMA20 and -22.75% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 32.55, with weekly volatility standing at 6.38%. The indicator jumps to 5.42% when calculated based on the past 30 days. Canadian Solar Inc (NASDAQ:CSIQ)’s beta value is holding at 1.27, while the average true range (ATR) indicator is currently reading 1.05. An analysis of the Canadian Solar Inc (NASDAQ:CSIQ) stock in terms of its daily trading volume indicates that the 3-month average is 1.37 million.
Current records show that the company has 64.64M in outstanding shares. The insiders’ percentage holdings are 21.28% of outstanding shares while the percentage share held by institutions stands at 54.89%. But the -39.95% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.
