In the latest session, Emeren Group Ltd (NYSE: SOL) closed at $3.53 down -4.08% from its previous closing price of $3.68. In other words, the price has decreased by -$0.1500 from its previous closing price. On the day, 506787 shares were traded. SOL stock price reached its highest trading level at $3.6600 during the session, while it also had its lowest trading level at $3.4800.
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Ratios:
For a deeper understanding of Emeren Group Ltd’s stock, let’s take a closer look at its various ratios. For the most recent quarter (mrq), Quick Ratio is recorded 5.30 and its Current Ratio is at 5.30. In the meantime, Its Debt-to-Equity ratio is 0.14 whereas as Long-Term Debt/Eq ratio is at 0.10.
Upgrades & Downgrades
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Dec 28 when SHAH CAPITAL MANAGEMENT bought 92,090 shares for $4.11 per share. The transaction valued at 378,490 led to the insider holds 14,015,003 shares of the business.
SHAH CAPITAL MANAGEMENT bought 112,809 shares of SOL for $496,360 on Dec 15. The CFO now owns 13,922,913 shares after completing the transaction at $4.40 per share. On Dec 14, another insider, SHAH CAPITAL MANAGEMENT, who serves as the CFO of the company, bought 60,545 shares for $4.41 each. As a result, the insider paid 267,003 and bolstered with 13,810,104 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SOL now has a Market Capitalization of 285.99M and an Enterprise Value of 249.48M. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.73 while its Price-to-Book (P/B) ratio in mrq is 0.06. Its current Enterprise Value per Revenue stands at 3.06 whereas that against EBITDA is 22.16.
Stock Price History:
Over the past 52 weeks, SOL has reached a high of $7.50, while it has fallen to a 52-week low of $3.47. The 50-Day Moving Average of the stock is 4.0488, while the 200-Day Moving Average is calculated to be 4.7775.
Shares Statistics:
For the past three months, SOL has traded an average of 333.12K shares per day and 425.27k over the past ten days. A total of 57.28M shares are outstanding, with a floating share count of 57.23M. Insiders hold about 0.08% of the company’s shares, while institutions hold 44.60% stake in the company. Shares short for SOL as of Apr 27, 2023 were 1.18M with a Short Ratio of 1.18M, compared to 1.3M on Mar 30, 2023.
Earnings Estimates
There are 4 different market analysts currently analyzing its stock. On average, analysts expect EPS of $0.04 for the current quarter, with a high estimate of $0.1 and a low estimate of $0, while EPS last year was -$0.02. The consensus estimate for the next quarter is $0.1, with high estimates of $0.15 and low estimates of $0.07.
Analysts are recommending an EPS of between $0.41 and $0.31 for the fiscal current year, implying an average EPS of $0.34. EPS for the following year is $0.53, with 4 analysts recommending between $0.65 and $0.43.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $30.72M this quarter.It ranges from a high estimate of $40M to a low estimate of $21.28M. As of the current estimate, Emeren Group Ltd’s year-ago sales were $3.51M, an estimated increase of 774.20% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $42.19M, an increase of 414.10% less than the figure of $774.20% in the same quarter last year. There is a high estimate of $45M for the next quarter, whereas the lowest estimate is $39.7M.
A total of 4 analysts have provided revenue estimates for SOL’s current fiscal year. The highest revenue estimate was $157.5M, while the lowest revenue estimate was $140.43M, resulting in an average revenue estimate of $151.13M. In the same quarter a year ago, actual revenue was $81.41M, up 85.60% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $186.84M in the next fiscal year. The high estimate is $193.9M and the low estimate is $171.5M. The average revenue growth estimate for next year is up 23.60% from the average revenue estimate for this year.
