Time To Take Profits or Wait? Pier 1 Imports, Inc. (PIR) and Canadian Solar Inc. (CSIQ)

LONDON TERRY E, Director, bought 10,000 shares of the Pier 1 Imports, Inc. (NYSE:PIR) in an exchange that happened on April 27th. The stock was bought at an average price of $2.31 per share, amounting to a transaction worth $23,100. The purchase was made public in a document filed with the SEC.

With this stock price’s latest movement, it is now -82.15% away from its 1-year high and 136.77% higher than its 1-year low price. In the past seven days, the stock price volatility for Pier 1 Imports, Inc. was 5.16%, whereas its volatility in the past 30 days has been 11.28%. This public company’s stock also has a beta score of 4.13. When the beta value is less/more than 1, it can imply that the stock is less/more volatile than the wider stock market – a metric that traders will surely be keeping tabs on.

Pier 1 Imports, Inc. (NYSE:PIR) most recently published its quarterly earnings results. The firm posted -$0.36 earnings per share (EPS) for the three-month period, missing analysts’ consensus estimate of -$0.06 by $0.30. The publicly-traded organization reported revenue of $413.23 million for the quarter, compared to the average analyst forecast calling for $451.98 million, which was missing the analyst consensus estimate.

Shares of Pier 1 Imports, Inc. (PIR) plunged -1.95%, amounting to a loss of -$0.01 per share, to finish the regular trading session at $0.66 on Friday April 12th, 2019. After beginning the session at $0.6778, shares of Pier 1 Imports, Inc. reached as high as $0.68 during the day, while hitting a 1-day low of $0.641. Trade volume reached 1,884,975 shares against this stock’s average daily volume of 3.58M shares, with a total float of 79.40M. As a consequence of the price decrease, Pier 1 Imports, Inc. now has a current market value of 55.68M.

Canadian Solar Inc. (NASDAQ:CSIQ) added 1.95% to its trading price by the close of the most recent session, jumping from its previous closing price of $18.46 to $18.82. This stock decreased in value by -2.59% during the last 7-day period, and experienced a loss of -19.85% over the past 30-day period. In the past three months, this stock’s price grew by 6.57% , and added 32.54% to its price during the last six months of trading. CSIQ demonstrated a yearly price gain of 16.46% , while its year-to-date (YTD) price performance has been up 31.24% . This stock’s price changed by +10.64% compared to its 90-day low, and moved down -27.31% comparing to its 90-day high price.

Have a quick look on short, medium and long-term indicators. According to the Composite Indicator, Trendspotter rated the CSIQ stock as “Sell”. In the short-term, Canadian Solar Inc. (CSIQ) has a 20-day average volume of 1,204,730 shares and short-term indicators sets the CSIQ stock as “ 60% Sell ” on average basis. In the medium-term, CSIQ stock has a 50-Day average volume of 1,014,470 shares and medium-term indicators gave the average rating of “ 25% Buy ”, while in the long-term period the stock has a 100-Day average volume of 914,830 shares. On average, long-term indicators rated the stock as “0% Hold ”. The overall picture from all short, medium and long-term indicators sets the CSIQ stock as “24% Sell ” on average basis.

Recently, multiple brokerages have sent out reports on CSIQ. JP Morgan, for example, Resumed its rating on shares of Canadian Solar Inc. to a “Neutral”, while setting a $22 price target on shares of the company’s stock, according to a research note from Thursday April 11th, 2019. Cascend Securities Upgrade their target price for this stock from $21 to $27, while giving the stock a “ Buy” from “Hold ” rating, as stated in a research report from Wednesday, February 20th, 2019. Cascend Securities, on the other hand, Reiterated a “Buy” rating on this stock, while posting a $27 price target on shares of this company’s stock in a research note dated Wednesday, February 20th, 2019.

In other news related to Canadian Solar Inc. stock, Age shares of CSIQ held by institutions. The total number of institutions who held the CSIQ shares was 53, according to most recent SEC filling. During the past quarter, total 51 shares held by institutions with the net change of 59 shares. In the meantime, 54 new institutions bought the shares of Canadian Solar Inc. for the first time and 59 institutions sold all their holdings in the company’s common stock. 56 institutions increased their investment in the CSIQ stock and 53 institutions decreased their investment in the Canadian Solar Inc. (CSIQ)’s stock during the last quarter.