In today’s recent session, 1.53 million shares of the Canadian Solar Inc (NASDAQ:CSIQ) have been traded, and its beta is 1.32. Most recently the company’s share price was $14.16, and it changed around -$1.35 or -8.70% from the last close, which brings the market valuation of the company to $936.97M. CSIQ at last check was trading at a discount to its 52-week high of $26.85, offering almost -89.62% off that amount. The share price’s 52-week low was $11.41, which indicates that the recent value has risen by an impressive 19.42% since then. We note from Canadian Solar Inc’s average daily trading volume that its 10-day average is 2.67 million shares, with the 3-month average coming to 1.88 million.
Canadian Solar Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.89. If we narrow it down even further, the data shows that 1 out of 11 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 5 recommended CSIQ as a Hold, whereas 3 deemed it a Buy, and 1 rated it as Underweight.
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Canadian Solar Inc (NASDAQ:CSIQ) trade information
Instantly CSIQ has been showing red trend so far today with a performance of -8.70% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 15.91 on recent trading dayincreased the stock’s daily price by 11.0%. The company’s shares are currently down -46.02% year-to-date, but still up 11.50% over the last five days. On the other hand, Canadian Solar Inc (NASDAQ:CSIQ) is -15.51% down in the 30-day period. We can see from the shorts that 8.47 million shares have been sold at a short interest cover period of 4.43 day(s).
The consensus price target as assigned by Wall Street analysts is $20, which translates to bulls needing to increase their stock price by 29.2% from its current value. Analyst projections state that CSIQ is forecast to be at a low of $11 and a high of $27.
Canadian Solar Inc (CSIQ) estimates and forecasts
Canadian Solar Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -12.65 percent over the past six months and at a -96.90% annual growth rate that is well below the industry average of -16.70%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 0.83%. Canadian Solar Inc earnings are expected to increase by -78.10% in 2024, but the outlook is positive 17.50% per year for the next five years.
CSIQ Dividends
Canadian Solar Inc’s next quarterly earnings report is expected to be released on 2024-Nov-14.
Canadian Solar Inc (NASDAQ:CSIQ)’s Major holders
MACKENZIE FINANCIAL CORP, with 7.7317% or 5.12 million shares worth $75.46 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Invesco ETF TR II-Invesco Solar ETF and Vanguard International Stock Index-Total Intl Stock Indx were the top two Mutual Funds as of Sep 30, 2024. The former held 1.44 shares worth $20.31 million, making up 2.18% of all outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held roughly 702.61 shares worth around $9.91 million, which represents about 1.06% of the total shares outstanding.
