The leading market experts have placed a mean price target of $24.59 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 $0.49 a share for the upcoming quarter and $1.96 for the current fiscal.
The technical analysis of Canadian Solar Inc. plainly substantiates that the 50-day moving average of Canadian Solar Inc. is $14.54, and stock is trading $-2.32 points away or -15.96% from its 50-day moving average of $14.54. Further it is trading $-5.29 or -30.19% away its 200-day moving average of $17.51. Canadian Solar Inc. (NASDAQ:CSIQ) 52-week high is $29.83 and the 52-week low is $12.12.
This explains if the stock moves $-17.61, it will post a 52-week high. In event of +0.83% 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 5.33.
The stock last ended the trading session at $12.22 and registered a market cap of $695.33M. 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 0.50.
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