Finance

Which Stock Worth Selling? Canadian Solar Inc. (NASDAQ:CSIQ), DAQO New Energy Corp. (NYSE:DQ)

Canadian Solar Inc. (NASDAQ:CSIQ)

Canadian Solar Inc. (NASDAQ:CSIQ), ended its previous trading session at $18.71 showing a loss of -0.210000000000001 or -1.11 percent with respect to the price of $18.92 when stock market opened. The company traded 475465 shares over the course of the trading day. Giving the average volume of 858.66 Million over the course of 3 consecutive months. Which signifies a pretty good change over the time with its shares outstanding of 59.85 Million.

Canadian Solar Inc. (NASDAQ:CSIQ) is currently trading lower than its price target which is set to $23.19 by the analyst. The stock is -26.19% Below its 1-Year High which is $25.35. CSIQ has a difference of 55.92% from its 1 year low which stands at $12.00. The company is currently rated by analyst who are keeping a close eye on the stock as 2.3. Where 1 means Buy, 2.5 meaning Hold and 5 as Sell.

Canadian Solar Inc. (NASDAQ:CSIQ) Performance Snapshot

The stock performed exceptionally bad in the previous week which depicts an decrease of 11.3 percent in the shares price. The company added about 13.88% in its share price over 1-Month. While taking about the performance of the stock over 1-year interval is 4.35 Percent. CSIQ currently shows -15.34% as its year to date performance.

Canadian Solar Inc. (NASDAQ:CSIQ) Price Insight

The stock needs to grow about $4.48 to reach its price target. In order to seek the stock’s directional movements, 20-Days, 50 Days and 200-Days moving averages are 5.44%, 12.42% and -3.54 percent respectively. The stock trades about 6.42 percent of its Float giving its total shares Outstanding are 59.85 Million. CSIQ gained about 23.91 percent in 6 months showing its Average True Range of 0.95. The company currently has a RSI and Beta of 58.48 and 1.6.

While talking about Canadian Solar Inc. (NASDAQ:CSIQ) valuation ratios, the stock trades with a P/S and P/B of 0.34 and 0.8 which is significantly better and attractive as compared to its peers.

DAQO New Energy Corp. (NYSE:DQ)

DAQO New Energy Corp. (NYSE:DQ), closed the last trading session at $57.81 with decrease of $-1.65 or -2.77 percent against the opening price of $59.46. The trading day volume of the company stands at 278639 shares while the average trading volume of DAQO New Energy Corp. (NYSE:DQ) is 260.15 Million over the course of 3 consecutive months. Which signifies a pretty good change over the time with its shares outstanding of 13.84 Million.

The price target of DAQO New Energy Corp. (NYSE:DQ) is currently set at 76.91 by the analysts. The stock is $-29.03 Below its 1-Year High which is $81.46. DQ hit its 1-Year low price of $32.00. The company is currently rated by analyst who are keeping a close eye on the stock as 1.7. Where 1 means Buy, 2.5 meaning Hold and 5 as Sell.

Performance Indicators of DAQO New Energy Corp. (NYSE:DQ)

The value of the stock increased by 18.63% during the previous week performance. Looking at the 1 month performance of DAQO New Energy Corp. (NYSE:DQ), the stock jumped 22.45%. While the 1 year performance shows a positive percentage of 49.96 and year to date performance stands at 12.91%.

DAQO New Energy Corp. (NYSE:DQ) Analytical Review

The stock needs to grow about $19.1 to reach its price target. In order to seek the stock’s directional movements, 20-Days, 50 Days and 200-Days moving averages are 12.56%, 12.08% and 15.65 percent respectively. The stock trades about 4.75 percent of its Float giving its total shares Outstanding are 13.84 Million. DQ gained about 48.88 percent in 6 months showing its Average True Range of 3.83. The company currently has a RSI and Beta of 58.37 and 0.87.

While talking about DAQO New Energy Corp. (NYSE:DQ) valuation ratios, the stock trades with a P/S and P/B of 2.32 and 1.41 which is significantly better and attractive as compared to its peers.