Beyond market trends, investors keen on maximizing returns delve into the world of stock picking. The right selections can be instrumental in catapulting your wealth.
The price of JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) closed at $25.71 in the last session, down -1.80% from day before closing price of $26.18. In other words, the price has decreased by -$1.80 from its previous closing price. On the day, 0.65 million shares were traded. JKS stock price reached its highest trading level at $26.48 during the session, while it also had its lowest trading level at $25.35.
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 0.72 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 1328211968 and an Enterprise Value of 28135366656. As of this moment, JinkoSolar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 3.46, and their Forward P/E ratio for the next fiscal year is 4.55. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.09. 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 0.46. Its current Enterprise Value per Revenue stands at 0.238 whereas that against EBITDA is 1.934.
Stock Price History:
Over the past 52 weeks, JKS has reached a high of $48.82, while it has fallen to a 52-week low of $21.06. The 50-Day Moving Average of the stock is 3.15%, while the 200-Day Moving Average is calculated to be -14.81%.
Shares Statistics:
According to the various share statistics, JKS traded on average about 898.72K shares per day over the past 3-months and 832170 shares per day over the past 10 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 37.91% stake in the company. Shares short for JKS as of 1713139200 were 2768433 with a Short Ratio of 3.08, compared to 1710460800 on 2618581. Therefore, it implies a Short% of Shares Outstanding of 2768433 and a Short% of Float of 6.74.
