Those aiming for above-average market returns often engage in the meticulous process of stock picking. Choosing the right stocks can make a substantial difference in your wealth.
JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) closed the day trading at $21.24 down -9.77% from the previous closing price of $23.54. In other words, the price has decreased by -$9.77 from its previous closing price. On the day, 1.55 million shares were traded. JKS stock price reached its highest trading level at $23.8674 during the session, while it also had its lowest trading level at $20.99.
Ratios:
For a better understanding of JKS, let’s 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.
On March 21, 2024, ROTH MKM Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $50 to $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 1047365632 and an Enterprise Value of 33441699840. As of this moment, JinkoSolar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.02, and their Forward P/E ratio for the next fiscal year is 9.36. 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 0.38. Its current Enterprise Value per Revenue stands at 0.32 whereas that against EBITDA is 2.798.
Stock Price History:
The Beta on a monthly basis for JKS is 0.26, which has changed by -0.25473684 over the last 52 weeks, in comparison to a change of 0.23631513 over the same period for the S&P500. Over the past 52 weeks, JKS has reached a high of $37.36, while it has fallen to a 52-week low of $16.70. The 50-Day Moving Average of the stock is -13.44%, while the 200-Day Moving Average is calculated to be -8.23%.
Shares Statistics:
Over the past 3-months, JKS traded about 1.39M shares per day on average, while over the past 10 days, JKS traded about 916610 shares per day. 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 28.95% stake in the company. Shares short for JKS as of 1735603200 were 4827944 with a Short Ratio of 3.47, compared to 1732838400 on 5323327. Therefore, it implies a Short% of Shares Outstanding of 4827944 and a Short% of Float of 12.959999999999999.
