The stock price of JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) has jumped by 14.76 compared to previous close of 26.09. Despite this, the company has seen a gain of 29.00% in its stock price over the last five trading days. gurufocus.com reported 2024-10-02 that Shares of JinkoSolar Holding Co Ltd (JKS, Financial) surged 1.78% in mid-day trading on Oct 2. The stock reached an intraday high of $26.90, before settling at $25.99, up from its previous close of $25.53.
Is It Worth Investing in JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) Right Now?
JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) has a higher price-to-earnings ratio of 7.88x compared to its average ratio. JKS has 36-month beta value of 0.42. Analysts have mixed views on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 1 as “hold,” and 2 as “sell.”
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The public float for JKS is 51.33M, and currently, short sellers hold a 9.63% ratio of that float. The average trading volume of JKS on October 07, 2024 was 791.89K shares.
JKS’s Market Performance
JKS’s stock has seen a 29.00% increase for the week, with a 66.80% rise in the past month and a 41.76% gain in the past quarter. The volatility ratio for the week is 9.66%, and the volatility levels for the past 30 days are at 5.72% for JinkoSolar Holding Co. Ltd ADR The simple moving average for the past 20 days is 42.34% for JKS’s stock, with a 21.97% 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 49.97% 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 -22.54% of loss for the given period.
Volatility was left at 5.72%, however, over the last 30 days, the volatility rate increased by 9.66%, as shares surge +69.82% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +47.20% upper at present.
During the last 5 trading sessions, JKS rose by +29.00%, which changed the moving average for the period of 200-days by -10.63% in comparison to the 20-day moving average, which settled at $21.65. In addition, JinkoSolar Holding Co. Ltd ADR saw -18.95% 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 JKS starting from HY Vision Cloud Holdings Limit, who proposed sale 20,000 shares at the price of $25.93 back on Sep 30 ’24. After this action, HY Vision Cloud Holdings Limit now owns shares of JinkoSolar Holding Co. Ltd ADR, valued at $518,573 using the latest closing price.
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 0.4. 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 put it simply, JinkoSolar Holding Co. Ltd ADR (JKS) has had a better performance in recent times. Analysts have a bearish opinion on the stock, with some rating it as a “sell” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
