The closing price of JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) was $27.04 for the day, up 1.88% from the previous closing price of $26.54. In other words, the price has increased by $+0.50 from its previous closing price. On the day, 750960 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 0.79 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.
On February 05, 2024, Daiwa Securities Downgraded its rating to Neutral which previously was Outperform but kept the price unchanged to $25.
On January 26, 2024, Daiwa Securities started tracking the stock assigning a Outperform rating and target price of $33.30.Daiwa Securities initiated its Outperform rating on January 26, 2024, with a $33.30 target price.
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 1.36B and an Enterprise Value of 6.94B. As of this moment, JinkoSolar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.81, and their Forward P/E ratio for the next fiscal year is 5.94. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.08. 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 0.51. Its current Enterprise Value per Revenue stands at 0.06 whereas that against EBITDA is 0.75.
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 29.56, while the 200-Day Moving Average is calculated to be 34.44.
Shares Statistics:
JKS traded an average of 939.80K shares per day over the past three months and 635.26k shares per day over the past ten 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 37.94% stake in the company. Shares short for JKS as of Feb 15, 2024 were 2.24M with a Short Ratio of 2.39, compared to 2.57M on Jan 12, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.39% and a Short% of Float of 5.48%.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 41.24%, it implies a Forward Annual Dividend Yield of 5.65%.
Earnings Estimates
The firm’s stock currently is rated by 3 analysts. On average, analysts expect EPS of $2.38 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 $1.25, 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 $11.1. EPS for the following year is $6.72, with 5 analysts recommending between $11.65 and $3.42.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 3 analysts. It ranges from a high estimate of $4.19B 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 -6.10% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $3.36B, an increase of 4.00% over than the figure of -$6.10% in the same quarter last year. There is a high estimate of $3.74B for the next quarter, whereas the lowest estimate is $3B.
A total of 7 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 $16.08B. In the same quarter a year ago, actual revenue was $12.11B, up 32.80% from the average estimate. Based on 7 analysts’ estimates, the company’s revenue will be $15.13B in the next fiscal year. The high estimate is $17.58B and the low estimate is $11.79B. The average revenue growth estimate for next year is down -5.90% from the average revenue estimate for this year.
