JinkoSolar Holding Co. Ltd ADR (JKS) Moving Averages: 50-Day and 200-Day

The price of JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) closed at $26.19 in the last session, up 3.11% from day before closing price of $25.40. In other words, the price has increased by $+0.79 from its previous closing price. On the day, 614640 shares were traded. JKS stock price reached its highest trading level at $26.34 during the session, while it also had its lowest trading level at $25.26.

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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 0.79 and its Current Ratio is at 1.10. In the meantime, Its Debt-to-Equity ratio is 2.69 whereas as Long-Term Debt/Eq ratio is at 0.89.

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 1.34B and an Enterprise Value of 6.98B. As of this moment, JinkoSolar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.73, and their Forward P/E ratio for the next fiscal year is 5.81. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.07. 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 0.49. Its current Enterprise Value per Revenue stands at 0.06 whereas that against EBITDA is 0.76.

Stock Price History:

Over the past 52 weeks, JKS has reached a high of $58.96, while it has fallen to a 52-week low of $23.12. The 50-Day Moving Average of the stock is 30.95, while the 200-Day Moving Average is calculated to be 35.65.

Shares Statistics:

According to the various share statistics, JKS traded on average about 0.59 shares per day over the past 3-months and 1.1M 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 39.69% stake in the company. Shares short for JKS as of Jan 31, 2024 were 2.23M with a Short Ratio of 2.19, compared to 3.28M on Dec 29, 2023. Therefore, it implies a Short% of Shares Outstanding of 4.32% and a Short% of Float of 5.39%.

Dividends & Splits

The forward annual dividend rate for JKS is 0.24 (0.92%), which was 10.94 in the trailing 12 months. Against a Trailing Annual Dividend Yield of 43.09%, it implies a Forward Annual Dividend Yield of 5.73%.

Earnings Estimates

The company has 4 analysts who recommend its stock at the moment. On average, analysts expect EPS of $2.41 for the current quarter, with a high estimate of $2.93 and a low estimate of $1.9, while EPS last year was $0.82. The consensus estimate for the next quarter is $1.47, with high estimates of $2.1 and low estimates of $0.41.

Analysts are recommending an EPS of between $11.97 and $10.73 for the fiscal current year, implying an average EPS of $11.22. EPS for the following year is $7.43, with 6 analysts recommending between $11.65 and $3.42.

Revenue Estimates

According to 4 analysts, the current quarter’s revenue is expected to be $4.19B. It ranges from a high estimate of $4.33B to a low estimate of $4.08B. As of the current estimate, JinkoSolar Holding Co. Ltd ADR’s year-ago sales were $4.41B, an estimated decrease of -5.10% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $3.46B, an increase of 7.20% over than the figure of -$5.10% in the same quarter last year. There is a high estimate of $3.76B for the next quarter, whereas the lowest estimate is $3B.

A total of 8 analysts have provided revenue estimates for JKS’s current fiscal year. The highest revenue estimate was $16.57B, while the lowest revenue estimate was $15.47B, resulting in an average revenue estimate of $16.11B. In the same quarter a year ago, actual revenue was $12.11B, up 33.00% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $15.64B in the next fiscal year. The high estimate is $19.19B and the low estimate is $11.79B. The average revenue growth estimate for next year is down -2.90% from the average revenue estimate for this year.

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