Canadian Solar Inc (NASDAQ:CSIQ) price on Thursday, May 09, fall -2.27% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $17.20.
A look at the stock’s price movement, the level at last check in today’s session was $17.60. The PE ratio in trailing twelve months stood at 4.48. Turning to its 52-week performance, $45.29 and $14.11 were the 52-week high and 52-week low respectively. Overall, CSIQ moved -0.92% over the past month.
Canadian Solar Inc’s market cap currently stands at around $1.11 billion.
Analysts have a consensus estimate of 1.29B for the company’s revenue for the quarter, with a low and high estimate of 1.25B and 1.34B respectively. The average forecast suggests down to a -24.60% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 8.71B, representing a 14.40% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CSIQ is a 50% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
The technical evaluation for the stock shows the PEG ratio is 0.18, with CSIQ’s current price about 8.63% and -4.17% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 53.01, while 7-day volatility ratio is 4.29% and 4.96% in the 30-day chart. Further, Canadian Solar Inc (CSIQ) has a beta value of 1.32, and an average true range (ATR) of 0.93.
If we refocus on Canadian Solar Inc (NASDAQ:CSIQ), historical trading data shows that trading volumes averaged 1.50 million over the past 3 months. The company’s latest data on shares outstanding shows there are 66.16 million shares.
The 21.28% of Canadian Solar Inc’s shares are in the hands of company insiders while institutional holders own 54.80% of the company’s shares. Current price change has pushed the stock -34.43% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CSIQ stock continues to rise going into the next quarter.