The stock of JinkoSolar Holding Co. Ltd ADR (JKS) has gone up by 6.82% for the week, with a 4.51% rise in the past month and a -23.56% drop in the past quarter. The volatility ratio for the week is 4.33%, and the volatility levels for the past 30 days are 4.96% for JKS. The simple moving average for the past 20 days is -1.29% for JKS’s stock, with a -25.17% 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 that is above its average at 2.61x. The stock has a 36-month beta value of 0.37. Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 2 as “sell.”
The public float for JKS is 51.89M, and at present, short sellers hold a 5.83% of that float. On April 25, 2024, the average trading volume of JKS was 912.08K shares.
JKS) stock’s latest price update
The stock price of JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) has jumped by 1.27 compared to previous close of 22.88. Despite this, the company has seen a gain of 6.82% in its stock price over the last five trading days. PRNewsWire reported 2024-04-22 that SHANGRAO, China, April 22, 2024 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it plans to release its unaudited financial results for the first quarter ended March 31, 2024 before the open of U.S. markets on Monday, April 29, 2024.
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 -8.18% 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 -54.08% of loss for the given period.
Volatility was left at 4.96%, however, over the last 30 days, the volatility rate increased by 4.33%, as shares surge +2.93% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -15.16% lower at present.
During the last 5 trading sessions, JKS rose by +6.82%, which changed the moving average for the period of 200-days by -47.46% in comparison to the 20-day moving average, which settled at $23.51. In addition, JinkoSolar Holding Co. Ltd ADR saw -37.28% 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
- 0.16 for the gross margin
The net margin for JinkoSolar Holding Co. Ltd ADR stands at 0.03. The total capital return value is set at 0.12. Equity return is now at value 18.80, with 2.81 for asset returns.
The debt to equity ratio resting at 2.81. The interest coverage ratio of the stock is 16.34.
Currently, EBITDA for the company is 9.36 billion with net debt to EBITDA at 4.39. 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 4.39for trailing twelve months and the total asset turnover is 0.87. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.04.
Conclusion
To sum up, JinkoSolar Holding Co. Ltd ADR (JKS) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “sell” 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.
