The stock of JinkoSolar Holding Co. Ltd ADR (JKS) has gone down by -2.88% for the week, with a -5.27% drop in the past month and a 24.53% rise in the past quarter. The volatility ratio for the week is 8.11%, and the volatility levels for the past 30 days are 8.86% for JKS. The simple moving average for the past 20 days is 4.26% for JKS’s stock, with a 4.40% simple moving average for the past 200 days.
Is It Worth Investing in JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) Right Now?
The price-to-earnings ratio for JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) is 41.76x, which is above its average ratio. Moreover, the 36-month beta value for JKS is 0.38. Analysts have varying opinions 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 8.83% of that float. On November 06, 2024, JKS’s average trading volume was 1.49M shares.
JKS) stock’s latest price update
The stock of JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) has decreased by -12.57 when compared to last closing price of 28.16.Despite this, the company has seen a loss of -2.88% in its stock price over the last five trading days. seekingalpha.com reported 2024-10-30 that Start Time: 08:30 January 1, 0000 9:06 AM ET JinkoSolar Holding Co., Ltd. (NYSE:JKS ) Q3 2024 Earnings Conference Call October 30, 2024, 08:30 AM ET Company Participants Li Xiande – Chairman and CEO Gener Miao – CMO Pan Li – CFO Charlie Cao – CFO Stella Wang – IR Conference Call Participants Philip Shen – ROTH Capital Partners Rajiv Chaudhri – Sunsara Capital Brian Lee – Goldman Sachs Muhammad Ahmad – Emirates Development Bank Operator Hello, ladies and gentlemen, and thank you for standing by for JinkoSolar Holding Co., Ltd.
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 10.49% 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 -36.30% of loss for the given period.
Volatility was left at 8.86%, however, over the last 30 days, the volatility rate increased by 8.11%, as shares sank -1.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +33.06% upper at present.
During the last 5 trading sessions, JKS fell by -4.42%, which changed the moving average for the period of 200-days by -19.98% in comparison to the 20-day moving average, which settled at $23.59. In addition, JinkoSolar Holding Co. Ltd ADR saw -33.35% 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 2.78, with 0.43 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 0.38. 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 1.22.
Conclusion
To wrap up, the performance of JinkoSolar Holding Co. Ltd ADR (JKS) has been bad in recent times. The stock has received a bearish of “sell” 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.
