The price of JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) closed at $23.68 in the last session, up 1.76% from day before closing price of $23.27. In other words, the price has increased by $+0.41 from its previous closing price. On the day, 543794 shares were traded.
Ratios:
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 0.76 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 1.17B 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 2.67, and their Forward P/E ratio for the next fiscal year is 3.37. 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 0.43. 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 $51.35, while it has fallen to a 52-week low of $22.06. The 50-Day Moving Average of the stock is 25.95, while the 200-Day Moving Average is calculated to be 32.08.
Shares Statistics:
According to the various share statistics, JKS traded on average about 915.75K shares per day over the past 3-months and 766.87k shares per day over the past 10 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 37.57% stake in the company. Shares short for JKS as of Mar 15, 2024 were 2.62M with a Short Ratio of 2.86, compared to 2.24M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 5.10% and a Short% of Float of 6.36%.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.00%, it implies a Forward Annual Dividend Yield of 6.33%.
Earnings Estimates
The company has 2 analysts who recommend its stock at the moment. On average, analysts expect EPS of -$0.54 for the current quarter, with a high estimate of -$0.44 and a low estimate of -$0.64, while EPS last year was $2.31. The consensus estimate for the next quarter is $0.74, with high estimates of $1.78 and low estimates of $0.17.
Analysts are recommending an EPS of between $8.54 and $1.53 for the fiscal current year, implying an average EPS of $4.67. EPS for the following year is $8.07, with 5 analysts recommending between $14.12 and $2.77.
Revenue Estimates
According to 3 analysts, the current quarter’s revenue is expected to be $3.26B. It ranges from a high estimate of $3.47B 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 1.00% from the year-ago figure. For the next quarter, 3 analysts are estimating revenue of $4.14B, an increase of 3.80% over than the figure of $1.00% in the same quarter last year. There is a high estimate of $4.31B for the next quarter, whereas the lowest estimate is $3.92B.
A total of 5 analysts have provided revenue estimates for JKS’s current fiscal year. The highest revenue estimate was $17.98B, while the lowest revenue estimate was $14.84B, resulting in an average revenue estimate of $16.6B. In the same quarter a year ago, actual revenue was $16.72B, down -0.70% from the average estimate. Based on 5 analysts’ estimates, the company’s revenue will be $20.21B in the next fiscal year. The high estimate is $21.21B and the low estimate is $19.15B. The average revenue growth estimate for next year is up 21.80% from the average revenue estimate for this year.
