The closing price of JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) was $22.43 for the day, down -5.20% from the previous closing price of $23.66. In other words, the price has decreased by -$1.23 from its previous closing price. On the day, 1616233 shares were traded. JKS stock price reached its highest trading level at $23.53 during the session, while it also had its lowest trading level at $22.42.
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 0.76 and its Current Ratio is at 1.04. In the meantime, Its Debt-to-Equity ratio is 2.82 whereas as Long-Term Debt/Eq ratio is at 0.90.
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.
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 1.15B and an Enterprise Value of 6.73B. As of this moment, JinkoSolar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.53, and their Forward P/E ratio for the next fiscal year is 3.19. 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 0.07 while its Price-to-Book (P/B) ratio in mrq is 0.41. Its current Enterprise Value per Revenue stands at 0.06 whereas that against EBITDA is 0.73.
Stock Price History:
Over the past 52 weeks, JKS has reached a high of $51.71, while it has fallen to a 52-week low of $23.04. The 50-Day Moving Average of the stock is 27.05, while the 200-Day Moving Average is calculated to be 33.02.
Shares Statistics:
JKS traded an average of 926.06K shares per day over the past three months and 1.21M shares per day over the past ten days. A total of 52.14M shares are outstanding, with a floating share count of 51.89M. Insiders hold about 0.48% of the company’s shares, while institutions hold 37.50% stake in the company. Shares short for JKS as of Feb 29, 2024 were 2.73M with a Short Ratio of 2.95, compared to 2.23M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.34% and a Short% of Float of 6.67%.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 46.26%, it implies a Forward Annual Dividend Yield of 6.69%.
Earnings Estimates
The firm’s stock currently is rated by 3 analysts. On average, analysts expect EPS of $0.18 for the current quarter, with a high estimate of $1.62 and a low estimate of -$0.64, while EPS last year was $2.31. The consensus estimate for the next quarter is $0.75, with high estimates of $1.78 and low estimates of $0.17.
Analysts are recommending an EPS of between $8.54 and $2.03 for the fiscal current year, implying an average EPS of $4.74. EPS for the following year is $7.27, with 7 analysts recommending between $14.12 and $3.11.
Revenue Estimates
It is expected that $90B in revenue will be generated in the current quarter, according to 4 analysts. It ranges from a high estimate of $3.74B to a low estimate of $3.05B. As of the current estimate, JinkoSolar Holding Co. Ltd ADR’s year-ago sales were $3.23B, an estimated increase of 4.70% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $3.98B, a decrease of -0.30% less than the figure of $4.70% in the same quarter last year. There is a high estimate of $4.31B for the next quarter, whereas the lowest estimate is $3.48B.
A total of 8 analysts have provided revenue estimates for JKS’s current fiscal year. The highest revenue estimate was $17.98B, while the lowest revenue estimate was $12.66B, resulting in an average revenue estimate of $15.96B. In the same quarter a year ago, actual revenue was $16.72B, down -4.50% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $18.7B in the next fiscal year. The high estimate is $21.21B and the low estimate is $14.14B. The average revenue growth estimate for next year is up 17.20% from the average revenue estimate for this year.
