The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Canadian Solar Inc. (CSIQ) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.01, or -0.04%, to $26.67. The Canadian Solar Inc. has recorded 26,309 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Canadian Solar Introduces EP Cube Lite, a New Grid-Tied Residential Energy Storage Solution at RE+ in Las Vegas.
The company is listed on the NASDAQ and operates within the Solar industry segment. At the end of the last regular session, the stock closed at $26.68 and fluctuated between $27.34 as its day high and $26.61 as its day low. The current market capitalization of Canadian Solar Inc. is $1.76B. A total of 0.69 million shares were traded on the day, compared to an average of 1.19M shares.
It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for CSIQ in the last 3 months, the mean price target is $39.48 with high estimates of $68.00 and low estimates of $16.43. In terms of 52-week highs and lows, CSIQ has a high of $45.29 and a low of $25.51.
As of this writing, CSIQ has an earnings estimate of $0.81 per share for the current quarter. EPS was calculated based on a consensus of 7 estimates, with a high estimate of $1.26 per share and a lower estimate of $0.25. The company reported an EPS of $1.19 in the last quarter, which was 95.10% higher than expectations of $0.61.
Balance Sheet Annually/Quarterly
An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. CSIQ’s latest balance sheet shows that the firm has $869.83M in Cash & Short Term Investments as of fiscal 2021. There were $3.26B in debt and $4.04B in liabilities at the time. Its Book Value Per Share was $37.70, while its Total Shareholder’s Equity was $2.13B.
There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CSIQ is Buy with a score of 3.57.