Canadian Solar Inc. (NASDAQ:CSIQ) PEG Ratio At 0.57

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Market experts has given a mean price target of $18.97 to Canadian Solar Inc. (NASDAQ:CSIQ) stock. The target price is the mean of all calls released by analysts in First Call poll. They have EPS estimate of $0.38 for the near-term quarter and $1.60 for this year.

Technical View

The technical assessment of Canadian Solar Inc. pinpoints that the 50-day moving average of Canadian Solar Inc. (NASDAQ:CSIQ) stock is $13.18, and is trading $-0.73 points away or -5.51% from 50-day moving average of $13.18. It is trading $-3.78 or -23.29% off 200-day MA of $16.23.

The 52-week high of Canadian Solar Inc. (NASDAQ:CSIQ) was $29.83 while $11.72 is the low point in the same period. Canadian Solar Inc. share price has to rise more than $-17.38 to register a high for 52-weeks or drop +6.23% to make 52-week low. MA should be referred to as moving average.

Without understanding when a stock is over-valued, or too richly priced, a shareholder may miss out on a chance to cash-in on a profit and investment. Worse, a shareholder might close up their position when a price has no direction.

P/E ratio

Canadian Solar Inc. (NASDAQ:CSIQ) P/E ratio is 4.72 while PEG ratio is at 0.57. By overlooking a firm’s price-to-earnings ratio, a shareholder could miss out to discover the true value of stocks and end up investing in the wrong stocks. A P/E ratio is a computation of how much investors are wanting to pay for a purchasing an equity relative to the firm’s earnings. It is valuable when comparing the equity price of one firm to another trading in the same industry. The P/E ratio is discovered by dividing market value of stock by average earnings per share in a specified period of time, for instance, the past year.

Canadian Solar Inc. stock recorded a close of $12.45 in last trading session, which brings it market cap to $717.18M.

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