The stock of JinkoSolar Holding Co. Ltd ADR (JKS) has gone down by -14.34% for the week, with a -18.03% drop in the past month and a -22.95% drop in the past quarter. The volatility ratio for the week is 5.77%, and the volatility levels for the past 30 days are 5.17% for JKS. The simple moving average for the past 20 days is -9.52% for JKS’s stock, with a -31.16% simple moving average for the past 200 days.
Is It Worth Investing in JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) Right Now?
JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) has a price-to-earnings ratio of 2.45x that is above its average ratio. Additionally, the 36-month beta value for JKS is 0.37. 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 2 rating it as “sell.”
The public float for JKS is 51.89M and currently, short sellers hold a 5.83% ratio of that float. The average trading volume of JKS on April 18, 2024 was 913.93K shares.
JKS) stock’s latest price update
JinkoSolar Holding Co. Ltd ADR (NYSE: JKS)’s stock price has decreased by -3.64 compared to its previous closing price of 22.51. However, the company has seen a -14.34% decrease in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-17 that Three companies stand out in the digital transformation for their proactive strategies and outstanding results. These businesses deal with various industries, such as lidar technology, solar energy and telecommunications.
Analysts’ Opinion of JKS
Many brokerage firms have already submitted their reports for JKS stocks, with ROTH MKM repeating the rating for JKS by listing it as a “Neutral.” The predicted price for JKS in the upcoming period, according to ROTH MKM is $25 based on the research report published on March 21, 2024 of the current year 2024.
Daiwa Securities gave a rating of “Neutral” to JKS, setting the target price at $25 in the report published on February 05th of the current year.
JKS Trading at -15.19% from the 50-Day Moving Average
After a stumble in the market that brought JKS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -57.76% of loss for the given period.
Volatility was left at 5.17%, however, over the last 30 days, the volatility rate increased by 5.77%, as shares sank -18.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -8.83% lower at present.
During the last 5 trading sessions, JKS fell by -14.34%, which changed the moving average for the period of 200-days by -51.13% in comparison to the 20-day moving average, which settled at $23.74. In addition, JinkoSolar Holding Co. Ltd ADR saw -41.28% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for JKS
Current profitability levels for the company are sitting at:
- 0.06 for the present operating margin
- 0.17 for the gross margin
The net margin for JinkoSolar Holding Co. Ltd ADR stands at 0.04. The total capital return value is set at 0.13. Equity return is now at value 18.80, with 2.81 for asset returns.
Based on JinkoSolar Holding Co. Ltd ADR (JKS), the company’s capital structure generated 0.73 points at debt to capital in total, while cash flow to debt ratio is standing at -0.15. The debt to equity ratio resting at 2.67. The interest coverage ratio of the stock is 13.65.
Currently, EBITDA for the company is 3.43 billion with net debt to EBITDA at 4.12. When we switch over and look at the enterprise to sales, we see a ratio of 0.42. The receivables turnover for the company is 3.88for trailing twelve months and the total asset turnover is 0.91. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.04.
Conclusion
In conclusion, JinkoSolar Holding Co. Ltd ADR (JKS) has seen bad performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others rating it 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.
