With 0.9 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.17 million shares. The 52-week range on CSIQ shows that it touched its highest point at $21.05 and its lowest point at $6.57 during that stretch. It currently has a 1-year price target of $12.68. Beta for the stock currently stands at 1.34.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CSIQ was down-trending over the past week, with a drop of -0.55%, but this was up by 17.10% over a month. Three-month performance dropped to -10.12% while six-month performance fell -40.67%. The stock lost -46.58% in the past year, while it has lost -19.33% so far this year. A look at the trailing 12-month EPS for CSIQ yields 0.49 with Next year EPS estimates of 1.99. For the next quarter, that number is -1.16. This implies an EPS growth rate of -221.75% for this year and 402.05% for next year. EPS is expected to grow by 86.93% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -28.41%.
Float and Shares Shorts:
At present, 66.95 million CSIQ shares are outstanding with a float of 45.20 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CSIQ since 4 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 2 suggest SELL ratings. Of the remaining analysts, 0 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $0.06101222 being high and $0.03155804 being low. For CSIQ, this leads to a yearly average estimate of $0.048389.
