Canadian Solar Inc. (CSIQ) Stock: Seeing Declines In Today’s Session

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Canadian Solar Inc. (CSIQ) is headed up in the market in today’s trading session. The company, focused in the tech industry, is currently trading at $18.75 after heading down -2.75% so far in today’s session. When it comes to technology companies, there are several factors that have the ability to lead to declines in the market. News is one of the most common reasons for movement. Here are the recent headlines associated with CSIQ:

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Mar-21-19 04:36PM Why Guess?, Canadian Solar, and Lands’ End Slumped Today
04:35PM Edited Transcript of CSIQ earnings conference call or presentation 21-Mar-19 12:00pm GMT
04:29PM Why Canadian Solar Shares Plunged 18.7% Today
01:59PM Canadian Solar Inc (CSIQ) Q4 2018 Earnings Conference Call Transcript
01:12PM Canadian Solar Earnings: CSIQ Stock Slides Lower on Profit Warning

However, any time investors are making a decision to invest, prospective investors should look into much more than news, this is especially the case in the ever evolving tech industry. Here’s what’s happening with Canadian Solar Inc..

Performance Trends That We’ve Seen From CSIQ

While a move toward the top in a single session, like what we’re seeing from Canadian Solar Inc. might make some investors upset, a single session move by itself should not be the reason for a decision to, or not to, invest in a stock. It’s always important to take a look at trends for a period longer than a single trading session. When it comes to CSIQ, below are the returns on investment that we’ve seen:

  • Past 7 Days – Throughout the last 5 trading sessions, CSIQ has seen a change in price amounting to -19.49%.
  • Monthly – The monthly returns from Canadian Solar Inc. has been -15.46%.
  • Past Quarter – In the last three months, the company has generated a return that comes to 16.46%
  • Bi-Annually – Throughout the last 6 months, we have seen a performance that amounts to 25.50% from the company.
  • YTD – Since the the last trading session of last year CSIQ has generated a return of 30.75%.
  • Full Year – Lastly, in the last year, we’ve seen movement that works out to 9.33% from CSIQ. Over this period, the stock has traded at a high price of -27.58% and a low price of 64.91%.

Key Ratios

Digging into a few ratios having to do with a stock can give prospective traders a view of just how risky and/or potentially profitable a pick might be. Here are some of the most important ratios to think about when looking at CSIQ.

Short Ratio – The short ratio is a tool that’s used to measure the level of short interest. As the ratio goes higher, it means that more investors have a belief that the price of the stock is going to go down. Throughout the sector, strong tech stocks tend to come with a lower short ratio. On the other hand, we also see a lot of short squeezes in the industry. Nonetheless, as it relates to Canadian Solar Inc., it’s short ratio comes to 3.50.

Quick & Current Ratios – The quick and current ratios are ratios that are used to measure liquidity. Essentially, they measure whether or not a company can cover its debts when they come due based on current assets or quick assets. In the tech space, several companies are reliant on the continuation of investor support as they work to bring new technologies to market, these ratios can look damning. Nonetheless, some good picks in the technology space do have good current and quick ratios. As it relates to CSIQ, the quick and current ratios total up to 0.80 and 0.90 respectively.  

Book To Share Value – The book to share value compares the current book value of assets owned by the company to the price of shares. In the case of Canadian Solar Inc., that ratio comes in at 19.83.

Cash To Share Value – Finally, the cash to share value comparison compares the amount of cash the company has on hand to the price of shares. In this case, the cash to share value ratio is 8.64.

What Institutions And Insiders Think Of Canadian Solar Inc.

One thing that I have learned in my brief period alive, or somewhat alive is that smart investors tend to follow big money investors. So, investors that want to keep their investments relatively safe will watch moves made by institutions as well as those on the inside. So, what does the big money picture look like as it relates to CSIQ? Here’s the information:

  • Institutional Investors – At the moment, institutions own 42.20% of CSIQ. On the other hand, it is important to mention that the ownership held by institutions has changed in the amount of -0.02% over the last quarter.
  • Insider Holdings – with regard to insiders, those close to the situation currently hold 31.00% of Canadian Solar Inc.. Their ownership of the company has seen a move of 0.00% throughout the past 3 months.

How Analysts Feel About Canadian Solar Inc.

Although it’s never a good idea to avoid doing your due diligence and blindly following the opinions of analysts, it is a smart idea to consider their analysis in order to validate your own due diligence when it comes to making investment decisions in the tech space. Below you’ll find the recent moves that we have seen from analysts as it relates to CSIQ.

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Feb-20-19 Upgrade Cascend Securities Hold → Buy $21 → $27
Feb-20-19 Reiterated Cascend Securities Buy $21 → $27
Feb-11-19 Upgrade UBS Sell → Neutral $23
Jan-03-19 Upgrade Goldman Neutral → Buy
Dec-18-18 Upgrade Cascend Securities Hold → Buy

Earnings

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $2.72. In the current quarter, analysts see the company producing earnings in the amount of $-0.45. Over the last 5 years, CSIQ has generated revenue in the amount of $21.20% with earnings coming in at 18.90%. On a quarter over quarter basis, earnings have seen movement of 401.50% and revenue has seen movement of -15.80%.

Interested In How Many Shares Are Available?

Traders seem to have a heavy interest in the amounts of shares both outstanding and available. In regard to Canadian Solar Inc., currently there are 60.15M with a float of 44.72M. These numbers mean that out of the total of 60.15M shares of CSIQ in existence today, 44.72M are available to trade hands on the public market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to CSIQ, the short percent of the float is 6.92%.

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