The trading price of Complete Solaria Inc. (NASDAQ:CSLR) closed higher on current market day and closing at $2.69, 8.91% higher than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $2.36 and $2.87. In examining the 52-week price action we see that the stock hit a 52-week high of $2.92 and a 52-week low of $0.20. Over the past month, the stock has gained 66.05% in value.
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Complete Solaria Inc., whose market valuation is $171.11 million at the time of this writing, is expected to release its quarterly earnings report in October. Investors’ optimism about the company’s current quarter earnings report is understandable. Analysts have predicted the quarterly earnings per share to grow by -0.04 per share this quarter, however they have predicted annual earnings per share of -0.32 for current year and 0.0 for next year.
Analysts have forecast the company to bring in revenue of 12M for the current quarter, with the likely lows of 8M and highs of 16M. From the analysts’ viewpoint, the consensus estimate for the company’s annual revenue is 49.27M.
On the technical side, indicators suggest CSLR has a 100% Buy on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Buy, while an average of long term indicators suggests that the stock is currently 100% Buy.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned CSLR a recommendation rating is 1. Out of them, 0 rate it a Hold, while 1 recommend Buy, whereas 0 assign an Overweight rating. 0 analyst(s) have tagged Complete Solaria Inc. (CSLR) as Underweight, while 0 advise Sell. Analysts have rated the stock Buy, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
A quick review shows that CSLR’s price is currently 42.91% off the SMA20 and 64.40% off the SMA50. The RSI metric on the 14-day chart is currently showing 83.76, and weekly volatility stands at 16.83%. When measured over the past 30 days, the indicator reaches 9.07%. Complete Solaria Inc. (NASDAQ:CSLR)’s beta value is currently sitting at 0.76, while the Average True Range indicator is currently displaying 0.21.
To see how Complete Solaria Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: CSLR stock’s performance was 8.91% in the latest trading, and -4.27% in the past year.
An evaluation of the daily trading volume of Complete Solaria Inc. (NASDAQ:CSLR) indicates that the 3-month average is 2.51 million. However, this figure has increased over the past 10 days to an average of 0.48.
Currently, records show that 49.07 million of the company’s shares remain outstanding. The insiders hold 39.94% of outstanding shares, whereas institutions hold 20.85%. The stats also highlight that short interest as of 2024-08-30, stood at 0.77 million shares, resulting in a short ratio of 2.22 at that time. From this, we can conclude that short interest is 237.00 of the company’s total outstanding shares. It is noteworthy that short shares in August were down slightly from the previous month’s figure, which was 1.08 million. However, since the stock’s price has seen 67.60% year-to-date, investors’ interest is likely to be reignited due to its potential to move even higher.
