Seeking to outpace the market, investors engage in the art of selecting individual stocks. The right picks can play a pivotal role in boosting your wealth.
In the latest session, Emeren Group Ltd ADR (NYSE: SOL) closed at $1.75 down -1.69% from its previous closing price of $1.78. In other words, the price has decreased by -$1.69 from its previous closing price. On the day, 0.18 million shares were traded. SOL stock price reached its highest trading level at $1.7876 during the session, while it also had its lowest trading level at $1.75.
Ratios:
For a deeper understanding of Emeren Group Ltd ADR’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 1.04 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 2.66. For the most recent quarter (mrq), Quick Ratio is recorded 3.44 and its Current Ratio is at 3.44. In the meantime, Its Debt-to-Equity ratio is 0.29 whereas as Long-Term Debt/Eq ratio is at 0.26.
On November 22, 2023, Northland Capital Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $6 to $3.20.
On September 13, 2022, Northland Capital started tracking the stock assigning a Outperform rating and target price of $8.Northland Capital initiated its Outperform rating on September 13, 2022, with a $8 target price.
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 19 ’24 when SHAH CAPITAL MANAGEMENT bought 12,461 shares for $1.77 per share. The transaction valued at 22,056 led to the insider holds 18,818,236 shares of the business.
SHAH CAPITAL MANAGEMENT bought 4,392 shares of SOL for $7,730 on Dec 18 ’24. The CHAIRMAN now owns 18,805,775 shares after completing the transaction at $1.76 per share. On Dec 13 ’24, another insider, SHAH CAPITAL MANAGEMENT, who serves as the CHAIRMAN of the company, bought 46,211 shares for $1.77 each. As a result, the insider paid 81,793 and bolstered with 18,801,383 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 89812840 and an Enterprise Value of 915405376. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.26 while its Price-to-Book (P/B) ratio in mrq is 0.29. Its current Enterprise Value per Revenue stands at 12.852 whereas that against EBITDA is 183.264.
Stock Price History:
The Beta on a monthly basis for SOL is 1.07, which has changed by -0.063157916 over the last 52 weeks, in comparison to a change of 0.12159383 over the same period for the S&P500. Over the past 52 weeks, SOL has reached a high of $2.30, while it has fallen to a 52-week low of $1.04. The 50-Day Moving Average of the stock is -5.64%, while the 200-Day Moving Average is calculated to be 1.23%.
Shares Statistics:
For the past three months, SOL has traded an average of 159.54K shares per day and 143050 over the past ten days. A total of 51.32M shares are outstanding, with a floating share count of 51.27M. Insiders hold about 0.11% of the company’s shares, while institutions hold 43.06% stake in the company. Shares short for SOL as of 1763078400 were 865873 with a Short Ratio of 5.43, compared to 1760486400 on 854398. Therefore, it implies a Short% of Shares Outstanding of 865873 and a Short% of Float of 2.7.
