JinkoSolar Holding Co. Ltd ADR (NYSE: JKS)’s stock price has gone decline by -4.30 in comparison to its previous close of 23.12, however, the company has experienced a -14.87% decrease in its stock price over the last five trading days. seekingalpha.com reported 2024-10-11 that JinkoSolar shows deep value with a 20% price increase since July, despite an expected Q3 decline; Q4 and FY25 forecast strong growth and a 25%+ 12-month return. Q2 saw a 21.6% year-over-year revenue drop and a net loss, but JinkoSolar remains the largest photovoltaic module provider, poised for future stabilization. Valuation metrics indicate JinkoSolar is undervalued; growth catalysts include N-type TOPCon technology and international expansion, predicting a $32.45 stock price by late 2025.
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 5.82x compared to its average ratio. JKS has 36-month beta value of 0.40. 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.”
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
The public float for JKS is 51.33M, and currently, short sellers hold a 9.34% ratio of that float. The average trading volume of JKS on October 15, 2024 was 1.09M shares.
JKS’s Market Performance
The stock of JinkoSolar Holding Co. Ltd ADR (JKS) has seen a -14.87% decrease in the past week, with a 13.06% rise in the past month, and a 1.82% gain in the past quarter. The volatility ratio for the week is 10.80%, and the volatility levels for the past 30 days are at 8.28% for JKS. The simple moving average for the past 20 days is -6.75% for JKS’s stock, with a -8.50% 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 6.20% 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 -42.76% of loss for the given period.
Volatility was left at 8.28%, however, over the last 30 days, the volatility rate increased by 10.80%, as shares surge +10.34% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +16.66% upper at present.
During the last 5 trading sessions, JKS fell by -14.58%, which changed the moving average for the period of 200-days by -40.67% in comparison to the 20-day moving average, which settled at $23.73. In addition, JinkoSolar Holding Co. Ltd ADR saw -40.11% 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 0.37. 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 put it simply, JinkoSolar Holding Co. Ltd ADR (JKS) has had a mixed 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’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.
