What Are The Chances Of Canadian Solar Inc (NASDAQ: CSIQ) Becoming A Clear Buy?

After Hours

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. The stock was recently discussed on Yahoo Finance as it revealed that Canadian Solar Comments on Complaint Filed by Maxeon Solar.

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Stocks Info

As a NASDAQ listed company, CSIQ falls under the Technology sector while operating within the Solar industry segment. At the end of the last regular session, the stock closed at $19.76 and fluctuated between $19.77 as its day high and $19.05 as its day low. The current market capitalization of Canadian Solar Inc is $1.28B. A total of 1.06 million shares were traded on the day, compared to an average of 1.25M shares.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, CSIQ has a high of $45.29 and a low of $17.82.

As of this writing, CSIQ has an earnings estimate of -$0.05 per share for the current quarter. EPS was calculated based on a consensus of 6 estimates, with a high estimate of $0.21 per share and a lower estimate of -$0.38. The company reported an EPS of $0.32 in the last quarter, which was -61.00% lower than expectations of $0.82.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. 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 $38.23, while its Total Shareholder’s Equity was $2.13B.

Analysts Opinion

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. 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 3.63.

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