Examining a stock’s 52-week price history, encompassing its low and high prices, can reveal much about its existing condition and potential future trajectory. Canadian Solar Inc’s current trading price is -60.79% away from its 52-week high, while its distance from the 52-week low is -0.34%. The stock’s price range over this period has fluctuated between $17.82 and $45.29. The company, operating within the financial sector, had a trading volume of approximately 0.97 million for the day, which was noticeably lower than the average daily share volume of 1.26 million over the last 3 months.
Canadian Solar Inc experienced a rather shaky stock market performance. The highest value in the past year was recorded at $45.29 on 05/30/23 and the lowest value was $17.82 on 04/05/24.
Exploring Financial Performance and Market Capitalization: A Comprehensive Analysis
Canadian Solar Inc (CSIQ) has experienced a quarterly decline of -27.21% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 1.15B.
Analyzing Trading Volume and Moving Average Trends
Based on Barchart.com data, the company’s moving average over the 100-day period was 21.76, with a change in price of -3.31. Similarly, Canadian Solar Inc recorded 1,268,682 in trading volume during the last 100 days, posting a change of -15.72%.
Understanding Ticker ‘s Debt-to-Equity Ratio: An Analysis
The debt-to-equity (D/E) ratio serves as an important indicator of a company’s financial stability and market position. By dividing a company’s total liabilities by its shareholders’ equity, the D/E ratio reveals the degree to which a company relies on debt to finance assets compared to its shareholders’ equity. At the time of writing, the total D/E ratio for CSIQ stands at 1.75. Similarly, the long-term debt-to-equity ratio is also 0.69.
CSIQ Stock Stochastic Average
Today, Canadian Solar Inc’s raw stochastic average for the past 50 days stands at 2.09%, indicating a decline from the raw stochastic average of the last 20 days, which was 3.74%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 23.00% and 33.91% respectively.
CSIQ Stock Price Performance Analysis
Investors’ outlook regarding the stock price performance over the year has been a mixed bag, with a range of optimism to pessimism depending on their perspective. The metric has seen a significant loss of -32.29% since the start of this calendar year. Looking back over the last six months, we can see a stronger performance of -18.83%. Over the past 30 days, the price of CSIQ has leaped by -12.73%. And in the last five days, it has fallen by -10.12%.
