For the readers interested in the stock health of Canadian Solar Inc. (CSIQ). It is currently valued at $36.72. When the transactions were called off in the previous session, Stock hit the highs of $37.61, after setting-off with the price of $37.61. Company’s stock value dipped to $35.79 during the trading on the day. When the trading was stopped its value was $38.11.Recently in News on March 7, 2023, Canadian Solar Announces Commercial Operation of Three Solar Projects in Japan Totaling 42 MWp. Canadian Solar Inc. (the “Company,” or “Canadian Solar”) (NASDAQ: CSIQ) announced today that three of its solar power projects in Japan, Oita Kitsuki, Gunma Takasaki, and Yamaguchi Hofu, totaling 42 MWp, reached commercial operation in the first quarter of 2023. You can read further details here
Canadian Solar Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $47.69 on 08/18/22, with the lowest value was $22.15 for the same time period, recorded on 05/12/22.
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Canadian Solar Inc. (CSIQ) full year performance was 19.69%
Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Canadian Solar Inc. shares are logging -23.00% during the 52-week period from high price, and 65.78% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $22.15 and $47.69.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 1240596 for the day, which was evidently higher, when compared to the average daily volumes of the shares.
When it comes to the year-to-date metrics, the Canadian Solar Inc. (CSIQ) recorded performance in the market was 18.83%, having the revenues showcasing 7.87% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 2.49B, as it employees total of 13535 workers.
The Analysts eye on Canadian Solar Inc. (CSIQ)
During the last month, 0 analysts gave the Canadian Solar Inc. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.
According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 36.92, with a change in the price was noted +6.93. In a similar fashion, Canadian Solar Inc. posted a movement of +23.26% for the period of last 100 days, recording 1,005,375 in trading volumes.
Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for CSIQ is recording 2.21 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.65.
Technical rundown of Canadian Solar Inc. (CSIQ)
Raw Stochastic average of Canadian Solar Inc. in the period of last 50 days is set at 46.76%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 11.76%. In the last 20 days, the company’s Stochastic %K was 27.33% and its Stochastic %D was recorded 35.28%.
Considering, the past performance of Canadian Solar Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 18.83%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -13.44%, alongside a boost of 19.69% for the period of the last 12 months. The shares increased approximately by -11.33% in the 7-day charts and went down by -7.01% in the period of the last 30 days. Common stock shares were driven by 7.87% during last recorded quarter.