Canadian Solar Inc (NASDAQ:CSIQ) shares, rose in value on Wednesday, April 16, with the stock price up by 0.42% to the previous day’s close as strong demand from buyers drove the stock to $7.18.
Actively observing the price movement in the last trading, the stock closed the session at $7.15, falling within a range of $6.85 and $7.295. The PE ratio was 14.00 over 12-month period. Referring to stock’s 52-week performance, its high was $21.05, and the low was $6.57. On the whole, CSIQ has fluctuated by -26.58% over the past month.
With the market capitalization of Canadian Solar Inc currently standing at about $475.14 million, investors are eagerly awaiting this quarter’s results, scheduled for on 2025-Mar-24.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 7.41B, with a low estimate of 1.07B and a high estimate of 1.18B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 1.11B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that CSIQ’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0.14, with the price of CSIQ currently trading nearly -15.53% and -24.94% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 37.47, while the 7-day volatility ratio is showing 8.99% which for the 30-day chart, stands at 9.64%. Furthermore, Canadian Solar Inc (CSIQ)’s beta value is 1.40, and its average true range (ATR) is 0.77.
A comparison of Canadian Solar Inc (CSIQ) with its peers suggests the former has fared considerably weaker in the market. CSIQ showed an intraday change of 0.42% in last session, and over the past year, it shrunk by -54.24%%.
Data on historical trading for Canadian Solar Inc (NASDAQ:CSIQ) indicates that the trading volumes over the past 10 days have averaged 2.78 and over the past 3 months, they’ve averaged 1.89 million. According to company’s latest data on outstanding shares, there are 66.17 million shares outstanding.
Nearly 28.93% of Canadian Solar Inc’s shares belong to company insiders and institutional investors own 49.45% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 11.27 million shares as on 2025-03-31, resulting in a short ratio of 5.9. According to the data, the short interest in Canadian Solar Inc (CSIQ) stood at 2161.00 of shares outstanding as of 2025-03-31; the number of short shares registered in 2025-02-28 reached 10.54 million. The stock has fallen by -35.43% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the CSIQ stock heading into the next quarter.
