JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) currently has a daily average trading volume of 1.38M but it saw 1215012 shares traded in last market. With a market cap of 1.03B USD, the company’s current market price of $20.02 came falling about -1.52 while comparing to the previous closing price of $20.33. In past 52 weeks, the stock remained buoying in the range of price level as high as $37.36 and as low as $16.70. In the recent trading on the day, stock has struck highest price mark of $19.54 while lowest mark touched by it was $20.31.
Taking a look at 20-day trading activity of JinkoSolar Holding Co. Ltd ADR (JKS) gives us an average price of $24.52, while its current price level is -46.41% below from 52-week high level whereas it is 19.88% 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 $24.30 while that of 200 days or SMA-200 reads an average of $23.11. A closer look into the stock’s movement over the week reveals that its volatility is standing at 6.52% during that period while stretching the period over a month that decreases to 5.77%. 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 31.04 which implies that the stock is in neutral territory.
ROTH MKM downgraded its recommendation for the stock as a “Neutral” from “Buy” on March 21, 2024 while assigning a price target range of $50-$25.
Over the week, JKS’s stock price is moving -14.95% down while it is -21.40% when we observe its performance for the past one month. Year-to-date it is -19.60% down and over the past year, the stock is showing a downside performance of -27.52%.
The company is expected to be releasing its next quarterly report in February, for which analysts forecasted an EPS of -0.01 while estimate for next year EPS is 1.44. In next quarter, company is expected to be making quarterly sales of $3.11B as analysts are expecting the sales for current fiscal year at $13.31B and seeing the company making $14.58B in sales next year. Moreover, analysts are in estimates of $3.38B for current-quarter revenue.
Currently, JinkoSolar Holding Co. Ltd ADR’s total number of outstanding shares is 51.57M with 33.87% of that held by the insiders while 25.95% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 1.15% and return on equity (ROE) at 2.78%. It has a price to earnings ratio (P/E ratio) of 33.96 while having a 8.79 of forward P/E ratio. Stock’s beta reads 0.24. Stock has a price to book (P/B) ratio of 0.36 while price to sale or P/S ratio amounts to 0.07. Its return on asset (ROA) is 0.43% on average.
