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Is This The Right Time To Buy Complete Solaria Inc. (NASDAQ: CSLR) Stock?

Complete Solaria Inc. (NASDAQ:CSLR) price closed higher on Friday, September 15, jumping 9.34% above its previous close.

A look at the daily price movement shows that the last close reads $2.57, with intraday deals fluctuated between $2.3401 and $2.82. The company’s 5Y monthly beta was ticking -0.13. Taking into account the 52-week price action we note that the stock hit a 52-week high of $16.00 and 52-week low of $1.97. The stock added 22.17% on its value in the past month.

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Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give CSLR a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 100% Sell, while an average of long term indicators are currently assigning the stock as 100% Sell.

The overview shows that CSLR’s price is at present 18.44% off the SMA20 and -31.88% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 48.15, with weekly volatility standing at 16.26%. The indicator jumps to 14.35% when calculated based on the past 30 days. Complete Solaria Inc. (NASDAQ:CSLR)’s beta value is holding at -0.15, while the average true range (ATR) indicator is currently reading 0.38.

An analysis of the Complete Solaria Inc. (NASDAQ:CSLR) stock in terms of its daily trading volume indicates that the 3-month average is 253.60K. However, this figure increases on the past 10-day timeline to an average of 0.24 million.

Current records show that the company has 45.29M in outstanding shares. The insiders’ percentage holdings are 3.58% of outstanding shares while the percentage share held by institutions stands at 66.40%. The stats also highlight that short interest as of Aug 30, 2023, stood at 0.2 million shares, which puts the short ratio at the time at 1.31. From this we can glean that short interest is 0.44% of company’s current outstanding shares. Notably, we see that shares short in August rose slightly given the previous month’s figure stood at 60050.0. But the -72.18% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.