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After finishing at $24.02 in the prior trading day, JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) closed at $23.80, down -0.92%. In other words, the price has decreased by -$0.92 from its previous closing price. On the day, 1.95 million shares were traded. JKS stock price reached its highest trading level at $24.29 during the session, while it also had its lowest trading level at $23.12.
Ratios:
Our goal is to gain a better understanding of JKS by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.92 and its Current Ratio is at 1.22. In the meantime, Its Debt-to-Equity ratio is 2.48 whereas as Long-Term Debt/Eq ratio is at 1.37.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, ROTH MKM on March 21, 2024, Downgraded its rating to Neutral and sets its target price to $25 from $50 previously.
Daiwa Securities Downgraded its Outperform to Neutral on February 05, 2024, while the target price for the stock was maintained at $25.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Sep 30 ’24 when HY Vision Cloud Holdings Limit bought 20,000 shares for $25.93 per share.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, JKS now has a Market Capitalization of 1173601792 and an Enterprise Value of 33966252032. As of this moment, JinkoSolar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 40.37, and their Forward P/E ratio for the next fiscal year is 7.88. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.10. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.08 while its Price-to-Book (P/B) ratio in mrq is 0.43. Its current Enterprise Value per Revenue stands at 0.325 whereas that against EBITDA is 2.842.
Stock Price History:
Over the past 52 weeks, JKS has reached a high of $38.37, while it has fallen to a 52-week low of $16.70. The 50-Day Moving Average of the stock is -0.59%, while the 200-Day Moving Average is calculated to be 2.67%.
Shares Statistics:
The stock has traded on average 1.79M shares per day over the past 3-months and 1278110 shares per day over the last 10 days, according to various share statistics. A total of 51.57M shares are outstanding, with a floating share count of 51.33M. Insiders hold about 0.48% of the company’s shares, while institutions hold 29.28% stake in the company. Shares short for JKS as of 1732838400 were 5323327 with a Short Ratio of 2.97, compared to 1730332800 on 4996889. Therefore, it implies a Short% of Shares Outstanding of 5323327 and a Short% of Float of 14.29.
