Future Outlook And Stock Price Performance For Complete Solaria Inc. (NASDAQ: CSLR)

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In the latest trading session, 0.44 million shares of the Complete Solaria Inc. (NASDAQ:CSLR) were traded, and its beta was 0.78. Most recently the company’s share price was $2.29, and it changed around $0.2 or 9.57% from the last close, which brings the market valuation of the company to $145.67M. CSLR currently trades at a discount to its 52-week high of $2.92, offering almost -27.51% off that amount. The share price’s 52-week low was $0.20, which indicates that the current value has risen by an impressive 91.27% since then. We note from Complete Solaria Inc.’s average daily trading volume that its 10-day average is 0.23 million shares, with the 3-month average coming to 2.48 million.

Complete Solaria Inc. stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 2 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 0 recommended CSLR as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. Complete Solaria Inc. is expected to report earnings per share of -0.04 for the current quarter.

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Complete Solaria Inc. (NASDAQ:CSLR) trade information

Instantly CSLR has showed a green trend with a performance of 9.57% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 2.46 on recent trading dayincreased the stock’s daily price by 6.91%. The company’s shares are currently up 42.68% year-to-date, but still up 28.65% over the last five days. On the other hand, Complete Solaria Inc. (NASDAQ:CSLR) is 42.24% up in the 30-day period. We can see from the shorts that 0.77 million shares have been sold at a short interest cover period of 2.22 day(s).

Complete Solaria Inc. (CSLR) estimates and forecasts

Complete Solaria Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 290.05 percent over the past six months and at a 91.52% annual growth rate that is well above the industry average of -8.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 97.30% in revenue this quarter, and will report an increase of 95.50% in the next quarter. The year-over-year growth rate is expected to be -43.80%, down from the previous year.

Consensus estimates provided by 2 financial analysts predict the company will bring in an average of 12M in revenue for the current quarter. 2 analysts expect Complete Solaria Inc. to make 19.5M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 27M and 20.73M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -55.60%. Forecasts for the next quarter put sales growth at -5.90%.

CSLR Dividends

Complete Solaria Inc.’s next quarterly earnings report is expected to be released on 2024-Nov-12.

Complete Solaria Inc. (NASDAQ:CSLR)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 37.00% of Complete Solaria Inc. shares, and 23.63% of them are in the hands of institutional investors. The stock currently has a share float of 37.51%.