Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The price of JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) closed at $26.01 in the last session, up 4.46% from day before closing price of $24.90. In other words, the price has increased by $4.46 from its previous closing price. On the day, 0.55 million shares were traded. JKS stock price reached its highest trading level at $26.665 during the session, while it also had its lowest trading level at $25.045.
Ratios:
We take a closer look at JKS’s different ratios to gain a better understanding of the stock. 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:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of stock prices. 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 1282579072 and an Enterprise Value of 34419085312. As of this moment, JinkoSolar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 44.11, and their Forward P/E ratio for the next fiscal year is 8.62. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.20. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.09 while its Price-to-Book (P/B) ratio in mrq is 0.47. Its current Enterprise Value per Revenue stands at 0.33 whereas that against EBITDA is 2.88.
Stock Price History:
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 6.13%, while the 200-Day Moving Average is calculated to be 12.54%.
Shares Statistics:
According to the various share statistics, JKS traded on average about 1.75M shares per day over the past 3-months and 786160 shares per day over the past 10 days. 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 29.25% stake in the company. Shares short for JKS as of 1734048000 were 5624357 with a Short Ratio of 3.21, compared to 1731628800 on 5110129. Therefore, it implies a Short% of Shares Outstanding of 5624357 and a Short% of Float of 15.100000999999999.
