SOL has 36-month beta value of 1.70. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 2 as “overweight,” 1 as “hold,” and 0 as “sell.”
The public float for SOL is 52.69M, and currently, short sellers hold a 2.01% ratio of that float. The average trading volume of SOL on November 20, 2024 was 280.00K shares.
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SOL) stock’s latest price update
The stock of Emeren Group Ltd ADR (NYSE: SOL) has decreased by -7.46 when compared to last closing price of 2.01.Despite this, the company has seen a loss of -7.92% in its stock price over the last five trading days. globenewswire.com reported 2024-11-19 that 100% of Net Proceeds Will be Used for the Purchase of Additional Solana Tokens 100% of Net Proceeds Will be Used for the Purchase of Additional Solana Tokens
SOL’s Market Performance
Emeren Group Ltd ADR (SOL) has seen a -7.92% fall in stock performance for the week, with a -27.34% decline in the past month and a -5.10% plunge in the past quarter. The volatility ratio for the week is 9.49%, and the volatility levels for the past 30 days are at 7.64% for SOL. The simple moving average for the past 20 days is -17.90% for SOL’s stock, with a -6.10% 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 -22.85% 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 -38.00% of loss for the given period.
Volatility was left at 7.64%, however, over the last 30 days, the volatility rate increased by 9.49%, as shares sank -26.19% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -18.78% lower at present.
During the last 5 trading sessions, SOL fell by -7.92%, which changed the moving average for the period of 200-days by +16.98% in comparison to the 20-day moving average, which settled at $2.27. In addition, Emeren Group Ltd ADR saw -31.87% 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 36,083 shares at the price of $2.26 back on Sep 20 ’24. After this action, SHAH CAPITAL MANAGEMENT now owns 18,748,862 shares of Emeren Group Ltd ADR, valued at $81,511 using the latest closing price.
SHAH CAPITAL MANAGEMENT, the Chairman of Emeren Group Ltd ADR, purchase 14,277 shares at $2.15 during a trade that took place back on Sep 19 ’24, which means that SHAH CAPITAL MANAGEMENT is holding 18,712,779 shares at $30,767 based on the most recent closing price.
Stock Fundamentals for SOL
Current profitability levels for the company are sitting at:
- 0.01 for the present operating margin
- 0.22 for the gross margin
The net margin for Emeren Group Ltd ADR stands at -0.06. The total capital return value is set at -0.02. Equity return is now at value -2.73, with -1.90 for asset returns.
Based on Emeren Group Ltd ADR (SOL), the company’s capital structure generated 0.1 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 0.11. The interest coverage ratio of the stock is -34.53.
Currently, EBITDA for the company is 7.13 million with net debt to EBITDA at 170.28. When we switch over and look at the enterprise to sales, we see a ratio of 1.35. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.76.
Conclusion
To put it simply, Emeren Group Ltd ADR (SOL) has had a bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” 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.
