Complete Solaria Inc. (NASDAQ:CSLR) traded at $2.99 at close of the session on current trade day and made an upward move of 6.03% on its previous day’s price.
Looking at the stock we see that its previous close was $2.82 and the beta (5Y monthly) reads 0.802 with the day’s price range being $2.77 – $3.08. In terms of its 52-week price range, CSLR has a high of $3.35 and a low of $0.20. The company’s stock has gained about 59.04% over that past 30 days.
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Complete Solaria Inc. has a market cap of $190.19 million and is expected to release its quarterly earnings report in October. Estimates by analysts give the company expected earnings per share (EPS) of -0.04, with the EPS growth for the year raised at -0.32 for current year and -0.32 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 12M, with a low of 8M and a high of 16M. The median projection represents growth adding up to -55.60% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 49.27M, or -43.80% down from figures reported last year.
On the other hand, looking at the outlook for the CSLR stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy.
Based on estimates by 1 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the Complete Solaria Inc. (CSLR) stock as a Hold, while 1 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.
Looking further, we note the current price level is 39.44% off its SMA20 and 69.18% from its 50-day simple moving average. The RSI (14) is pointing at 76.57 while the volatility over the past week is 14.69% and jumps to 10.71% over the past one month. The beta value is 0.82, while the average true range (ATR) is currently pointing at 0.27.
Coming back to Complete Solaria Inc. (NASDAQ:CSLR), we note that the average 3-month trading volume was 2.54 million, while that of the preceding 10-day period stands at 0.93 million. Current shares outstanding are 49.07 million.
The insiders hold 39.94% of the company’s shares while institutions hold 20.85%. The data shows that short shares as of 2024-08-30, stood at 0.77 million at a short ratio of 2.22. This represents a 237.00 short interest in shares outstanding on 2024-08-30. Shares short fall in August from the previous month at 1.08 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 86.29% up in year-to-date price movement.
