Complete Solaria Inc (NASDAQ:CSLR) price on current trading day, fall -6.77% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $1.79.
A look at the stock’s price movement, the close in the last trading session was $1.92, moving within a range at $1.715 and $1.99. The beta value (5-Year monthly) was 0.913. Turning to its 52-week performance, $3.37 and $0.20 were the 52-week high and 52-week low respectively. Overall, CSLR moved -21.49% over the past month.
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Complete Solaria Inc’s market cap currently stands at around $132.04 million, with investors looking forward to this quarter’s earnings report slated for in January.
Analysts have a consensus estimate of 76.5M for the company’s revenue for the quarter, with a low and high estimate of 73M and 80M respectively. The average forecast suggests up to a 269.05% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 97.53M, representing a 11.32% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that CSLR is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Buy category.
1 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 1 recommend CSLR as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
CSLR’s current price about -7.76% and -18.15% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 40.18, while 7-day volatility ratio is 8.26% and 10.66% in the 30-day chart. Further, Complete Solaria Inc (CSLR) has a beta value of 0.87, and an average true range (ATR) of 0.19.
If we refocus on Complete Solaria Inc (NASDAQ:CSLR), historical trading data shows that trading volumes averaged 0.53 over the past 10 days and 784.52K over the past 3 months. The company’s latest data on shares outstanding shows there are 72.98 million shares.
The 35.53% of Complete Solaria Inc’s shares are in the hands of company insiders while institutional holders own 11.78% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 1.25 million on 2024-10-31, giving us a short ratio of 1.43. The data shows that as of 2024-10-31 short interest in Complete Solaria Inc (CSLR) stood at 385.99998 of shares outstanding, with shares short rising to 0.85 million registered in 2024-09-30. Current price change has pushed the stock 11.53% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CSLR stock continues to rise going into the next quarter.
