Canadian Solar Inc saw a rather unpredictable run in, in terms of market performance. The company’s stock reached its highest point at $26.85 on 12/28/23, while the lowest price for the same duration was marked at $11.41 on 09/10/24.
52-week price history of CSIQ Stock
Studying a stock’s 52-week price history, which includes both low and high prices, can help gauge its current status and potential future performance. Canadian Solar Inc’s current trading price is -50.28% away from its 52-week high, while its distance from the 52-week low is 17.00%. The stock’s price range during the 52-week period has remained between $11.41 and $26.85. In the Technology sector, the company’s shares saw a trading volume of around 1.6 million for the day, which was evidently lower than the average daily volume of 1.69 million over the past three months.
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Market Capitalization and Financial Performance: An In-Depth Look
Canadian Solar Inc (CSIQ) has experienced a quarterly decline of -20.39% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 883.37M and boasts a workforce of 22234 employees.
Making Sense of Trading Volume and Moving Average Data
Based on Barchart.com data, the company’s moving average over the 100-day period was 15.43, with a change in price of -2.48. Similarly, Canadian Solar Inc recorded 1,639,016 in trading volume during the last 100 days, posting a change of -15.67%.
Examining CSIQ’s Debt-to-Equity Ratio: What You Need to Know
The debt-to-equity (D/E) ratio is a crucial measure that sheds light on a company’s financial health and market standing. It is determined by dividing a company’s overall liabilities by its shareholders’ equity, showing the extent of a company’s debt usage in financing its assets compared to the shareholders’ equity. At the time of writing, the total D/E ratio for CSIQ stands at 1.86. Similarly, the long-term debt-to-equity ratio is also 0.80.
CSIQ Stock Stochastic Average
Canadian Solar Inc’s raw stochastic average for the past 50 days is presently 23.84%, as of today. This marks a increase from the raw stochastic average of the last 20 days, which was 2.36%. Additionally, the company’s Stochastic %K and %D values for the past 20 days were 4.13% and 13.22%, respectively.
CSIQ Stock Price Performance Analysis
Depending on how one views it, the stock price performance for the year has been a mixed bag, resulting in either an optimistic or pessimistic outlook. Year to date metric has recorded a loss of -49.10%.However, over the last six months, we can see a stronger performance of -14.91%. Over the last 30 days, the price of CSIQ has leaped by -4.51%. And in the last five days, it has fallen by -23.58%.
