Emeren Group Ltd ADR (NYSE: SOL)’s stock price has dropped by -6.28 in relation to previous closing price of 2.39. Nevertheless, the company has seen a loss of -4.68% in its stock price over the last five trading days. prnewswire.com reported 2024-09-06 that NORWALK, Conn., Sept. 6, 2024 /PRNewswire/ — Emeren Group Ltd (“Emeren” or the “Company”) (www.emeren.com) (NYSE: SOL), a leading global solar project developer, owner, and operator, today announced that its annual general meeting (the “AGM”) will be held at 5000 Hopyard Rd, Suite 302, Pleasanton CA 94588, U.S.A.
Is It Worth Investing in Emeren Group Ltd ADR (NYSE: SOL) Right Now?
Company’s 36-month beta value is 1.66.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 0 as “sell.”
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The public float for SOL is 52.69M, and currently, short sellers hold a 3.14% ratio of that floaft. The average trading volume of SOL on September 19, 2024 was 215.02K shares.
SOL’s Market Performance
SOL’s stock has seen a -4.68% decrease for the week, with a 39.13% rise in the past month and a 45.45% gain in the past quarter. The volatility ratio for the week is 6.30%, and the volatility levels for the past 30 days are at 7.38% for Emeren Group Ltd ADR The simple moving average for the past 20 days is 10.97% for SOL’s stock, with a 14.06% simple moving average for the past 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 24.29% 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 -31.39% of loss for the given period.
Volatility was left at 7.38%, however, over the last 30 days, the volatility rate increased by 6.30%, as shares surge +21.08% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +41.77% upper at present.
During the last 5 trading sessions, SOL fell by -4.68%, which changed the moving average for the period of 200-days by -7.44% in comparison to the 20-day moving average, which settled at $2.04. In addition, Emeren Group Ltd ADR saw -17.95% 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 43,351 shares at the price of $1.85 back on Sep 04 ’24. After this action, SHAH CAPITAL MANAGEMENT now owns 18,698,502 shares of Emeren Group Ltd ADR, valued at $80,199 using the latest closing price.
SHAH CAPITAL MANAGEMENT, the Chairman of Emeren Group Ltd ADR, purchase 26,843 shares at $1.83 during a trade that took place back on Sep 03 ’24, which means that SHAH CAPITAL MANAGEMENT is holding 18,655,151 shares at $49,123 based on the most recent closing price.
Stock Fundamentals for SOL
Current profitability levels for the company are sitting at:
- -0.05 for the present operating margin
- 0.22 for the gross margin
The net margin for Emeren Group Ltd ADR stands at -0.18. The total capital return value is set at -0.01. Equity return is now at value -7.08, with -4.92 for asset returns.
Based on Emeren Group Ltd ADR (SOL), the company’s capital structure generated 0.09 points at debt to capital in total, while cash flow to debt ratio is standing at -0.21. The debt to equity ratio resting at 0.1. The interest coverage ratio of the stock is 8.11.
Currently, EBITDA for the company is 8.2 million with net debt to EBITDA at 9.15. When we switch over and look at the enterprise to sales, we see a ratio of 1.26. The receivables turnover for the company is 1.35for 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 2.89.
Conclusion
In a nutshell, Emeren Group Ltd ADR (SOL) has experienced a mixed performance in recent times. The stock has received mixed “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.
