Hot Stocks Report: Office Depot, Inc. (ODP), Canadian Solar Inc. (CSIQ)

Office Depot, Inc. (NASDAQ:ODP) trading capacity remained 12.26 million shares during the last session. However, the volume average of the last three months is 6.6 million shares. The stock opened the day at $2.82, and settled at $2.77 by the end to experience a -1.07% change.

Office Depot, Inc. (ODP) Analyst Opinion

Office Depot, Inc. has a consensus hold rating from 7 Wall Street analysts, and the number of shares currently sold short amount to at least 4.04% of shares outstanding. The stock spiked 22.03% last month and is down -21.75 this year. Wall Street is only getting more bearish on the stock, with 1 of analysts who cover ODP having a buy-equivalent rating. Analysts have placed a $2.71 price target on Office Depot, Inc., suggesting a -2.17% decline from recent close. It’s currently trading about -55.72% below its 52-week high.

Office Depot, Inc. Earnings Surprise

Office Depot, Inc. (ODP) failed to surprise the stock market in its last reported earnings when it earned $0.08 a piece versus the consensus-estimated $0.08. Its revenue totaled $2.72 billion up 5.42% from the previous quarter.

Office Depot, Inc. (NASDAQ:ODP) Intraday View

This stock (ODP) is ahead of its 52-week low with 38.5%. Its last month’s stock price volatility remained 5.26% which for the week stands at 5.65%. The share price has moved forward from its 20 days moving average, trading at a distance of 15.61% and stays 22.83% away from its 50 days moving average. Over the last five days, shares have managed 17.37% gains and now is down -12.31% since hitting its 200-day moving average of $2.8. Office Depot, Inc. (ODP) has made its way to a 12-month decline of -46.21%.

Turning to Canadian Solar Inc. (NASDAQ:CSIQ), its shares were trading at $12.44 a retreat of $-0.65, on the trading floor. The stock, after opening at $13.07, touched a high of $13.34 before paring much of its gains. So far, analysts are sticking with their bearish recommendations with the consensus call at 3. Canadian Solar Inc. has 1 buy ratings, 3 holds and 2 sells even after the stock tumbled -34.83% from its high of $19.09 to a $770.28 million market value through last close.

Canadian Solar Inc. (CSIQ) Consensus Price Target

The company’s consensus rating on Reuter’s scale improved from 3 to 3.11 during a month. Analysts set a 12-month price target of $18.09 a share. The target implies a 45.42% spike from where the shares are currently trading. Also, the current price highlights a discount of 92.93% to analysts’ high consensus price target.

Canadian Solar Inc. (NASDAQ:CSIQ) Intraday Trading

The counter witnessed a trading volume of 2.74 million shares versus an average volume of 0.73 million shares during last trading session. Its last month’s stock price volatility remained 7.87% which for the week approaches 4.51%. The lowest price the stock reached in the last trading day was $12.28 and compares with the $12.24 52-week low. The stock recovered 1.63% since its low point and has performed -26.22% year-to-date.

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