After finishing at $1.85 in the prior trading day, Emeren Group Ltd ADR (NYSE: SOL) closed at $1.84, down -0.54%. In other words, the price has decreased by -$0.0100 from its previous closing price. On the day, 2045467 shares were traded.
Ratios:
Our goal is to gain a better understanding of SOL by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 4.33 and its Current Ratio is at 4.33. In the meantime, Its Debt-to-Equity ratio is 0.18 whereas as Long-Term Debt/Eq ratio is at 0.16.
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, Northland Capital on November 22, 2023, Downgraded its rating to Market Perform and sets its target price to $3.20 from $6 previously.
On September 13, 2022, Northland Capital started tracking the stock assigning a Outperform rating and target price of $8.
ROTH Capital Upgraded its Neutral to Buy on January 05, 2022, whereas the target price for the stock was revised from $7.70 to $10.
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 Dec 12 ’23 when SHAH CAPITAL MANAGEMENT bought 343,913 shares for $2.33 per share. The transaction valued at 801,317 led to the insider holds 18,639,226 shares of the business.
SHAH CAPITAL MANAGEMENT bought 252,205 shares of SOL for $605,292 on Dec 11 ’23. The Chairman now owns 18,295,313 shares after completing the transaction at $2.40 per share. On Dec 05 ’23, another insider, SHAH CAPITAL MANAGEMENT, who serves as the Chairman of the company, bought 147,121 shares for $2.45 each. As a result, the insider paid 360,446 and bolstered with 18,043,108 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 123.53M and an Enterprise Value of 112.34M. As of this moment, Emeren’s Price-to-Earnings (P/E) ratio for their current fiscal year is 33.95, and their Forward P/E ratio for the next fiscal year is 5.18. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 2.26. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.09 while its Price-to-Book (P/B) ratio in mrq is 0.34. Its current Enterprise Value per Revenue stands at 1.17 whereas that against EBITDA is 22.38.
Stock Price History:
Over the past 52 weeks, SOL has reached a high of $4.54, while it has fallen to a 52-week low of $1.54. The 50-Day Moving Average of the stock is 2.0404, while the 200-Day Moving Average is calculated to be 2.8728.
Shares Statistics:
The stock has traded on average 554.62K shares per day over the past 3-months and 702.41k shares per day over the last 10 days, according to various share statistics. A total of 60.27M shares are outstanding, with a floating share count of 60.21M. Insiders hold about 0.11% of the company’s shares, while institutions hold 44.15% stake in the company. Shares short for SOL as of Feb 29, 2024 were 1.56M with a Short Ratio of 2.95, compared to 1.42M on Jan 31, 2024.
Earnings Estimates
Its stock is currently analyzed by 4 different market analysts. On average, analysts expect EPS of $0 for the current quarter, with a high estimate of $0.09 and a low estimate of -$0.1, while EPS last year was $0.05. The consensus estimate for the next quarter is $0.05, with high estimates of $0.1 and low estimates of $0.01.
Analysts are recommending an EPS of between $0.06 and -$0.12 for the fiscal current year, implying an average EPS of -$0.05. EPS for the following year is $0.35, with 4 analysts recommending between $0.45 and $0.2.
Revenue Estimates
4 analysts predict $44.98M in revenue for the current quarter. It ranges from a high estimate of $51.5M to a low estimate of $39M. As of the current estimate, Emeren Group Ltd ADR’s year-ago sales were $40.8M, an estimated increase of 10.20% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $31.74M, an increase of 146.50% over than the figure of $10.20% in the same quarter last year. There is a high estimate of $36.05M for the next quarter, whereas the lowest estimate is $27.5M.
A total of 4 analysts have provided revenue estimates for SOL’s current fiscal year. The highest revenue estimate was $112.2M, while the lowest revenue estimate was $99.7M, resulting in an average revenue estimate of $105.67M. In the same quarter a year ago, actual revenue was $81.41M, up 29.80% from the average estimate. Based on 4 analysts’ estimates, the company’s revenue will be $148.66M in the next fiscal year. The high estimate is $174M and the low estimate is $129.6M. The average revenue growth estimate for next year is up 40.70% from the average revenue estimate for this year.
