In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
The closing price of JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) was $22.50 for the day, down -1.79% from the previous closing price of $22.91. In other words, the price has decreased by -$1.79 from its previous closing price. On the day, 0.66 million shares were traded.
Ratios:
Our analysis of JKS’s different ratios will help us gain a deeper understanding of the company. 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:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. 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:
As of this moment, JinkoSolar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 38.16, and their Forward P/E ratio for the next fiscal year is 7.49. 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 0.40.
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 -1.64%, while the 200-Day Moving Average is calculated to be -1.09%.
Shares 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 27.98% stake in the company.
