In last trading session, Canadian Solar Inc (NASDAQ:CSIQ) saw 1.71 million shares changing hands with its beta currently measuring 1.36. Company’s recent per share price level of $9.06 trading at $0.33 or 3.78% at ring of the bell on the day assigns it a market valuation of $599.55M. That closing price of CSIQ’s stock is at a discount of -132.34% from its 52-week high price of $21.05 and is indicating a premium of 7.95% from its 52-week low price of $8.34. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 2.12 million shares which gives us an average trading volume of 1.73 million if we extend that period to 3-months.
For Canadian Solar Inc (CSIQ), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 3.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 2 see the stock as a Buy. 0 analyst(s) advised it as an Underweight.
Canadian Solar Inc (NASDAQ:CSIQ) trade information
Upright in the green during last session for gaining 3.78%, in the last five days CSIQ remained trading in the red while hitting it’s week-highest on Thursday, 03/27/25 when the stock touched $9.06 price level, adding 9.76% to its value on the day. Canadian Solar Inc’s shares saw a change of -18.53% in year-to-date performance and have moved -8.85% in past 5-day. Canadian Solar Inc (NASDAQ:CSIQ) showed a performance of -11.09% in past 30-days. Number of shares sold short was 9.7 million shares which calculate 5.15 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 11 to the stock, which implies a rise of 17.64% to its current value. Analysts have been projecting 11 as a low price target for the stock while placing it at a high target of 11. It follows that stock’s current price would drop -21.41% in reaching the projected high whereas dropping to the targeted low would mean a loss of -21.41% for stock’s current value.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -28.41% during past 5 years. In 2025, company’s earnings growth rate is likely to be around -223.24% while estimates for its earnings growth in next 5 years are of 112.59%.
Canadian Solar Inc (NASDAQ:CSIQ)’s Major holders
Insiders are in possession of 28.93% of company’s total shares while institution are holding 50.42 percent of that, with stock having share float percentage of 70.94%. Investors also watch the number of corporate investors in a company very closely, which is 50.42% institutions for Canadian Solar Inc that are currently holding shares of the company. BLACKROCK INC. is the top institutional holder at CSIQ for having 5.17 million shares of worth $76.21 million. And as of 2024-06-30, it was holding 7.7793 of the company’s outstanding shares.
The second largest institutional holder is MACKENZIE FINANCIAL CORP, which was holding about 5.12 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.7027 of outstanding shares, having a total worth of $75.46 million.
