Investors seeking to outperform the market often focus on hand-picking stocks. Selecting the right ones has proven to be a key factor in boosting wealth.
As of close of business last night, JinkoSolar Holding Co. Ltd ADR’s stock clocked out at $18.51, down -0.70% from its previous closing price of $18.64. In other words, the price has decreased by -$0.70 from its previous closing price. On the day, 0.91 million shares were traded. JKS stock price reached its highest trading level at $19.24 during the session, while it also had its lowest trading level at $18.08.
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 0.99 and its Current Ratio is at 1.27. In the meantime, Its Debt-to-Equity ratio is 2.41 whereas as Long-Term Debt/Eq ratio is at 1.49.
On March 21, 2024, ROTH MKM Downgraded its rating to Neutral which previously was Buy and also lowered its target price recommendation from $50 to $25.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Sep 30 ’24 when HY Vision Cloud Holdings Limit bought 20,000 shares for $25.93 per share.
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 912746624 and an Enterprise Value of 27175729152. 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 0.33. Its current Enterprise Value per Revenue stands at 0.295 whereas that against EBITDA is 4.657.
Stock Price History:
The Beta on a monthly basis for JKS is 0.14, which has changed by -0.23952341 over the last 52 weeks, in comparison to a change of 0.08089435 over the same period for the S&P500. Over the past 52 weeks, JKS has reached a high of $37.36, while it has fallen to a 52-week low of $16.70. The 50-Day Moving Average of the stock is -14.33%, while the 200-Day Moving Average is calculated to be -16.85%.
Shares Statistics:
It appears that JKS traded 787.82K shares on average per day over the past three months and 1141580 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 27.83% stake in the company. Shares short for JKS as of 1741910400 were 4435267 with a Short Ratio of 5.63, compared to 1739491200 on 5830060. Therefore, it implies a Short% of Shares Outstanding of 4435267 and a Short% of Float of 11.91.
