JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) has a price-to-earnings ratio that is above its average at 5.47x. The stock has a 36-month beta value of 0.38. 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 51.33M, and at present, short sellers hold a 9.63% of that float. On September 26, 2024, the average trading volume of JKS was 671.26K shares.
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JKS) stock’s latest price update
JinkoSolar Holding Co. Ltd ADR (NYSE: JKS)’s stock price has soared by 3.95 in relation to previous closing price of 20.01. Nevertheless, the company has seen a gain of 4.31% in its stock price over the last five trading days. seekingalpha.com reported 2024-09-24 that JinkoSolar Holding Co., Ltd. is a global leader in solar tech but struggles with profitability and stock performance, heavily reliant on government policies and market pressures. Despite a low valuation and high dividend yield, JinkoSolar’s declining earnings and financial challenges make it a risky investment, especially with the upcoming U.S. election. JinkoSolar’s strong production capacity and technological advancements are notable, but the solar industry’s dependence on subsidies and policies creates uncertainty.
JKS’s Market Performance
JinkoSolar Holding Co. Ltd ADR (JKS) has seen a 4.31% rise in stock performance for the week, with a 14.22% gain in the past month and a -3.12% plunge in the past quarter. The volatility ratio for the week is 4.00%, and the volatility levels for the past 30 days are at 5.02% for JKS. The simple moving average for the past 20 days is 9.42% for JKS’s stock, with a -16.06% simple moving average for the past 200 days.
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 6.50% 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 -46.18% of loss for the given period.
Volatility was left at 5.02%, however, over the last 30 days, the volatility rate increased by 4.00%, as shares surge +19.94% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.80% lower at present.
During the last 5 trading sessions, JKS rose by +4.84%, which changed the moving average for the period of 200-days by -34.96% in comparison to the 20-day moving average, which settled at $19.18. In addition, JinkoSolar Holding Co. Ltd ADR saw -43.69% 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:
- 0.02 for the present operating margin
- 0.14 for the gross margin
The net margin for JinkoSolar Holding Co. Ltd ADR stands at 0.02. The total capital return value is set at 0.03. Equity return is now at value 9.36, with 1.47 for asset returns.
The debt to equity ratio resting at 2.31. The interest coverage ratio of the stock is 1.35.
Currently, EBITDA for the company is 16.68 billion with net debt to EBITDA at 4.5. When we switch over and look at the enterprise to sales, we see a ratio of 0.37. The receivables turnover for the company is 4.9for 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 1.08.
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.
