The stock of Emeren Group Ltd ADR (SOL) has gone up by 26.49% for the week, with a 4.93% rise in the past month and a -15.52% drop in the past quarter. The volatility ratio for the week is 9.72%, and the volatility levels for the past 30 days are 7.35% for SOL. The simple moving average for the last 20 days is 17.68% for SOL stock, with a simple moving average of -16.31% for the last 200 days.
Is It Worth Investing in Emeren Group Ltd ADR (NYSE: SOL) Right Now?
The 36-month beta value for SOL is also noteworthy at 1.77. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 0 rating it as “sell.”
The public float for SOL is 60.21M, and at present, short sellers hold a 3.07% of that float. The average trading volume of SOL on April 02, 2024 was 523.65K shares.
SOL) stock’s latest price update
Emeren Group Ltd ADR (NYSE: SOL)’s stock price has increased by 21.24 compared to its previous closing price of 1.93. However, the company has seen a 26.49% increase in its stock price over the last five trading sessions. Seeking Alpha reported 2024-03-28 that Emeren Group Ltd. (SOL) Q4 2023 Earnings Call Transcript
Analysts’ Opinion of SOL
Many brokerage firms have already submitted their reports for SOL stocks, with Northland Capital repeating the rating for SOL by listing it as a “Market Perform.” The predicted price for SOL in the upcoming period, according to Northland Capital is $3.20 based on the research report published on November 22, 2023 of the previous year 2023.
Northland Capital, on the other hand, stated in their research note that they expect to see SOL reach a price target of $8. The rating they have provided for SOL stocks is “Outperform” according to the report published on September 13th, 2022.
ROTH Capital gave a rating of “Buy” to SOL, setting the target price at $10 in the report published on January 05th of the previous year.
SOL Trading at 19.16% from the 50-Day Moving Average
After a stumble in the market that brought SOL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -48.46% of loss for the given period.
Volatility was left at 7.35%, however, over the last 30 days, the volatility rate increased by 9.72%, as shares surge +3.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.27% upper at present.
During the last 5 trading sessions, SOL rose by +26.49%, which changed the moving average for the period of 200-days by -42.79% in comparison to the 20-day moving average, which settled at $1.9900. In addition, Emeren Group Ltd ADR saw -14.29% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at SOL starting from SHAH CAPITAL MANAGEMENT, who purchase 343,913 shares at the price of $2.33 back on Dec 12 ’23. After this action, SHAH CAPITAL MANAGEMENT now owns 18,639,226 shares of Emeren Group Ltd ADR, valued at $801,317 using the latest closing price.
SHAH CAPITAL MANAGEMENT, the Chairman of Emeren Group Ltd ADR, purchase 252,205 shares at $2.40 during a trade that took place back on Dec 11 ’23, which means that SHAH CAPITAL MANAGEMENT is holding 18,295,313 shares at $605,292 based on the most recent closing price.
Stock Fundamentals for SOL
Current profitability levels for the company are sitting at:
- -0.06 for the present operating margin
- 0.22 for the gross margin
The net margin for Emeren Group Ltd ADR stands at -0.09. The total capital return value is set at -0.01. Equity return is now at value -2.77, with -1.89 for asset returns.
Based on Emeren Group Ltd ADR (SOL), the company’s capital structure generated 0.08 points at debt to capital in total, while cash flow to debt ratio is standing at -0.93. The debt to equity ratio resting at 0.09. The interest coverage ratio of the stock is 64.89.
Currently, EBITDA for the company is -8.06 million with net debt to EBITDA at 2.03. When we switch over and look at the enterprise to sales, we see a ratio of 1.17. The receivables turnover for the company is 1.11for trailing twelve months and the total asset turnover is 0.22. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.17.
Conclusion
In summary, Emeren Group Ltd ADR (SOL) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
