Canadian Solar Inc (NASDAQ:CSIQ) shares, rose in value, with the stock price up by 0.61% to the previous day’s close as strong demand from buyers drove the stock to $14.96.
Actively observing the price movement in the last trading, the stock closed the session at $14.87. The PE ratio was 3.89 over 12-month period. Referring to stock’s 52-week performance, its high was $45.29, and the low was $14.11. On the whole, CSIQ has fluctuated by -18.52% over the past month.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CSIQ’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.16, with the price of CSIQ currently trading nearly -12.45% and -22.40% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 33.28, while the 7-day volatility ratio is showing 4.87% which for the 30-day chart, stands at 5.16%. Furthermore, Canadian Solar Inc (CSIQ)’s beta value is 1.30, and its average true range (ATR) is 0.89.
A comparison of Canadian Solar Inc (CSIQ) with its peers suggests the former has fared considerably weaker in the market. CSIQ showed an intraday change of 0.61% in last session, and over the past year, it shrunk by -62.62%%.
Data on historical trading for Canadian Solar Inc (NASDAQ:CSIQ) indicates that the trading volumes over the past 3 months, they’ve averaged 1.42 million. According to company’s latest data on outstanding shares, there are 64.64 million shares outstanding.
Nearly 21.28% of Canadian Solar Inc’s shares belong to company insiders and institutional investors own 54.88% of the company’s shares. The stock has fallen by -42.97% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CSIQ stock heading into the next quarter.
