Equity Research firms currently have a positive stance on shares of Canadian Solar Inc. (NASDAQ:CSIQ). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.30. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $18.84 on a short term basis.
At the time of writing, the stock was trading at $13.75. This represents a change from the opening price of -1.79%. In terms of performance, year to date, the stock is -51.73%. The monthly stock performance comes in at 7.79%. For the quarter, shares are performing at -5.67%. Weekly performance analysis shows the equity at 10.34%.
In taking a look at technical levels, shares are trading 2.57% away from the 50 day simple moving average and -22.27% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -53.91% away from it’s 52- week high and 17.32% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, Canadian Solar Inc.’s RSI stands at 55.31. In looking at volatility levels, the shares saw weekly volatility of 4.36% and 3.98% over the past month.