Stock To Watch: Canadian Solar Inc. (NASDAQ:CSIQ)


The leading market experts have placed a mean price target of $29.54 on Canadian Solar Inc. (NASDAQ:CSIQ) stock. This price level, which is estimated to be attained in one-year indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.54 a share for the upcoming quarter and $2.36 for the current fiscal. Technical View The technical analysis of Canadian Solar Inc. plainly substantiates that the 50-day moving average of Canadian Solar Inc. is $16.93, and stock is hovering -2.22 or -13.09% distant from $16.93. It is noted that the 200-day MA is $19.65, and Canadian Solar Inc. stock is $-4.94 or -25.13% off from this point. Canadian Solar Inc. (NASDAQ:CSIQ) 52-week high is $29.83 and the 52-week low is $13.56. This explains if the stock moves $-15.12, it will post a 52-week high. In event of $+8.48% points decline, a 52-week low will be hit. Taking the Valuation Aspect To emphasize the valuation of Canadian Solar Inc., shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Canadian Solar Inc. (NASDAQ:CSIQ) ratio came in at 6.42. The stock last ended the trading session at $14.71 and registered a market cap of $837.01M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Canadian Solar Inc. (NASDAQ:CSIQ) PEG ratio is at 0.49.

1 Chart Pattern Every Investor Should Know

This little-known pattern preceded moves of 578% in ARWR, 562% in LCI, 513% in ICPT, 439% in EGRX, 408% in ADDUS and more...

Click Here to See This Now.

(Visited 19 times, 1 visits today)