In the latest session, JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) closed at $26.46 up 0.34% from its previous closing price of $26.37. In other words, the price has increased by $+0.09 from its previous closing price. On the day, 612321 shares were traded. JKS stock price reached its highest trading level at $27.10 during the session, while it also had its lowest trading level at $25.94.
Ratios:
For a deeper understanding of JinkoSolar Holding Co. Ltd ADR’s stock, let’s take a closer look at its various ratios. 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 1.35B and an Enterprise Value of 7.01B. As of this moment, JinkoSolar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.75, and their Forward P/E ratio for the next fiscal year is 4.25. 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 0.50. 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 $51.71, while it has fallen to a 52-week low of $23.12. The 50-Day Moving Average of the stock is 27.63, while the 200-Day Moving Average is calculated to be 33.38.
Shares Statistics:
For the past three months, JKS has traded an average of 906.70K shares per day and 859.6k 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 37.90% stake in the company. Shares short for JKS as of Feb 29, 2024 were 2.73M with a Short Ratio of 3.01, 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 41.51%, it implies a Forward Annual Dividend Yield of 5.67%.
Earnings Estimates
There are 4 different market analysts currently analyzing its stock. On average, analysts expect EPS of $2.5 for the current quarter, with a high estimate of $2.93 and a low estimate of $2.24, while EPS last year was $0.82. The consensus estimate for the next quarter is $1.5, 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 $11.28. EPS for the following year is $6.66, with 7 analysts recommending between $11.65 and $2.03.
Revenue Estimates
A total of 4 analysts believe the company’s revenue will be $4.28B this quarter.It ranges from a high estimate of $4.55B 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 -3.00% from the year-ago figure. For the next quarter, 4 analysts are estimating revenue of $3.65B, an increase of 12.90% over than the figure of -$3.00% in the same quarter last year. There is a high estimate of $3.76B for the next quarter, whereas the lowest estimate is $3.34B.
A total of 8 analysts have provided revenue estimates for JKS’s current fiscal year. The highest revenue estimate was $16.59B, while the lowest revenue estimate was $15.48B, resulting in an average revenue estimate of $16.16B. In the same quarter a year ago, actual revenue was $12.11B, up 33.40% from the average estimate. Based on 8 analysts’ estimates, the company’s revenue will be $15.97B in the next fiscal year. The high estimate is $19.19B and the low estimate is $12.66B. The average revenue growth estimate for next year is down -1.20% from the average revenue estimate for this year.
