JinkoSolar Holding Co. Ltd ADR (JKS)’s Market Momentum: Closing Strong at 20.32, Down -4.38

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As of close of business last night, JinkoSolar Holding Co. Ltd ADR’s stock clocked out at $20.32, down -4.38% from its previous closing price of $21.25. In other words, the price has decreased by -$4.38 from its previous closing price. On the day, 0.56 million shares were traded. JKS stock price reached its highest trading level at $21.44 during the session, while it also had its lowest trading level at $20.0501.

Ratios:

To gain a deeper understanding of JKS’s stock, we examine its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.72 and its Current Ratio is at 1.03. In the meantime, Its Debt-to-Equity ratio is 2.55 whereas as Long-Term Debt/Eq ratio is at 0.82.

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 1034791936 and an Enterprise Value of 54180610048. As of this moment, JinkoSolar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 2.74, and their Forward P/E ratio for the next fiscal year is 3.43. 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 0.06 while its Price-to-Book (P/B) ratio in mrq is 0.36. Its current Enterprise Value per Revenue stands at 0.458 whereas that against EBITDA is 3.725.

Stock Price History:

Over the past 52 weeks, JKS has reached a high of $43.15, while it has fallen to a 52-week low of $19.93. The 50-Day Moving Average of the stock is -14.34%, while the 200-Day Moving Average is calculated to be -25.96%.

Shares Statistics:

It appears that JKS traded 810.44K shares on average per day over the past three months and 631420 shares per day over the past ten days. A total of 52.14M shares are outstanding, with a floating share count of 51.33M. Insiders hold about 0.48% of the company’s shares, while institutions hold 33.22% stake in the company. Shares short for JKS as of 1721001600 were 4739637 with a Short Ratio of 5.85, compared to 1718323200 on 3500182. Therefore, it implies a Short% of Shares Outstanding of 4739637 and a Short% of Float of 12.2.

Dividends & Splits

Against a Trailing Annual Dividend Yield of 0.5005176

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