Emeren Group Ltd ADR (SOL) Stock: A Value Analysis

Moreover, the 36-month beta value for SOL is 1.75. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”

The public float for SOL is 60.21M and currently, short sellers hold a 3.00% of that float. On May 24, 2024, SOL’s average trading volume was 495.05K shares.

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SOL) stock’s latest price update

The stock of Emeren Group Ltd ADR (NYSE: SOL) has decreased by -8.10 when compared to last closing price of 2.10. Despite this, the company has experienced a -2.03% fall in its stock price over the last five trading sessions. seekingalpha.com reported 2024-05-23 that Emeren Group Ltd. (NYSE:SOL ) Q1 2024 Earnings Conference Call May 23, 2024 5:00 PM ET Company Participants Suzanne Wilson – Director of Investor Relations Yumin Liu – Chief Executive Officer Ke Chen – Chief Financial Officer Conference Call Participants Philip Shen – ROTH MKM Pavel Molchanov – Raymond James Donovan Schafer – Northland Capital Markets Amit Dayal – H.C.

SOL’s Market Performance

Emeren Group Ltd ADR (SOL) has experienced a -2.03% fall in stock performance for the past week, with a 6.63% rise in the past month, and a -5.85% drop in the past quarter. The volatility ratio for the week is 5.20%, and the volatility levels for the past 30 days are at 5.21% for SOL. The simple moving average for the last 20 days is 0.34% for SOL stock, with a simple moving average of -20.55% for the last 200 days.

Analysts’ Opinion of SOL

Northland Capital, on the other hand, stated in their research note that they expect to see SOL reach a price target of $3.20, previously predicting the price at $6. The rating they have provided for SOL stocks is “Market Perform” according to the report published on November 22nd, 2023.

Northland Capital gave a rating of “Outperform” to SOL, setting the target price at $8 in the report published on September 13th of the previous year.

SOL Trading at -0.23% 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 -54.91% of loss for the given period.

Volatility was left at 5.21%, however, over the last 30 days, the volatility rate increased by 5.20%, as shares surge +1.64% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.84% upper at present.

During the last 5 trading sessions, SOL fell by -2.49%, which changed the moving average for the period of 200-days by -42.31% in comparison to the 20-day moving average, which settled at $1.93. In addition, Emeren Group Ltd ADR saw -29.30% 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 -0.61 million with net debt to EBITDA at 3.17. When we switch over and look at the enterprise to sales, we see a ratio of 1.0. 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

To wrap up, the performance of Emeren Group Ltd ADR (SOL) has been bad in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. 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.

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