Complete Solaria Inc. (NASDAQ: CSLR) Emerges As Guiding Light For Investors

Complete Solaria Inc. (NASDAQ:CSLR) currently has a daily average trading volume of 1.27M but it saw 2491080 shares traded in last market. With a market cap of 46.60M USD, the company’s current market price of $0.95 came rising about 37.74 while comparing to the previous closing price of $0.69. In past 52 weeks, the stock remained buoying in the range of price level as high as $16.00 and as low as $0.20.

Taking a look at 20-day trading activity of Complete Solaria Inc. (CSLR) gives us an average price of $0.6031, while its current price level is -94.07% below from 52-week high level whereas it is 374.50% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $0.6040 while that of 200 days or SMA-200 reads an average of $1.3937. A closer look into the stock’s movement over the week reveals that its volatility is standing at 21.84% during that period while stretching the period over a month that increases to 36.78%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 63.24 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Cantor Fitzgerald which initiated the stock as “Overweight” in its note to investors issued on January 08, 2024, recommending a price target of $6 for it.

Over the week, CSLR’s stock price is moving 38.62% up while it is 258.11% when we observe its performance for the past one month. Year-to-date it is -40.87% down and over the past year, the stock is showing a downside performance of -90.89%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of -1.49 beaten by the consensus estimate of -0.18 for the same. In next quarter, company is expected to be making quarterly sales of $19.5M as analysts are expecting the sales for current fiscal year at $86.02M and seeing the company making $72M in sales next year. Moreover, analysts are in estimates of $20.85M for current-quarter revenue.

Currently, Complete Solaria Inc.’s total number of outstanding shares is 49.07M. Company’s return on equity (ROE) at -58.26%. Stock’s beta reads 0.09. Stock has a price to sale or P/S ratio amounts to 0.84. Its return on asset (ROA) is -38.35% on average.