Complete Solaria Inc. (NASDAQ:CSLR) traded at $0.73 at close of the session on Monday, April 29, made an upward move of 91.70% on its previous day’s price.
Looking at the stock we see that its previous close was $0.38. In terms of its 52-week price range, CSLR has a high of $16.00 and a low of $0.20. The company’s stock has gained about 21.50% over that past 30 days.
Complete Solaria Inc. has a market cap of $35.85 million. Estimates by analysts give the company expected earnings per share (EPS) of -$0.06, with the EPS growth for the year raised at -$0.09 for 2024 and $0.27 for next year. These figures represent 98.20% and 400.00% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $20.85 million, with a low of $16.7 million and a high of $25 million. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2024 is expected to hit $110 million, or 25.50% up from figures reported last year.
On the other hand, looking at the outlook for the CSLR stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note the current price level is 63.47% off its SMA20 and 3.69% from its 50-day simple moving average. The RSI (14) is pointing at 61.47 while the volatility over the past week is 40.08% and jumps to 37.80% over the past one month. The beta value is 0.20, while the average true range (ATR) is currently pointing at 0.14.
Coming back to Complete Solaria Inc. (NASDAQ:CSLR), we note that the average 3-month trading volume was 603.94K. Current shares outstanding are 49.07 million.
The insiders hold 41.26% of the company’s shares while institutions hold 20.23%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -54.50% down in year-to-date price movement.
