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The closing price of Emeren Group Ltd ADR (NYSE: SOL) was $2.23 for the day, down -0.45% from the previous closing price of $2.24. In other words, the price has decreased by -$0.45 from its previous closing price. On the day, 0.63 million shares were traded. SOL stock price reached its highest trading level at $2.34 during the session, while it also had its lowest trading level at $2.12.
Ratios:
Our analysis of SOL’s different ratios will help us gain a deeper understanding of the company. For the most recent quarter (mrq), Quick Ratio is recorded 2.89 and its Current Ratio is at 2.89. In the meantime, Its Debt-to-Equity ratio is 0.20 whereas as Long-Term Debt/Eq ratio is at 0.18.
On November 22, 2023, Northland Capital Downgraded its rating to Market Perform which previously was Outperform and also lowered its target price recommendation from $6 to $3.20.
On September 13, 2022, Northland Capital started tracking the stock assigning a Outperform rating and target price of $8.Northland Capital initiated its Outperform rating on September 13, 2022, with a $8 target price.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Sep 04 ’24 when SHAH CAPITAL MANAGEMENT bought 43,351 shares for $1.85 per share. The transaction valued at 80,199 led to the insider holds 18,698,502 shares of the business.
SHAH CAPITAL MANAGEMENT bought 26,843 shares of SOL for $49,123 on Sep 03 ’24. The Chairman now owns 18,655,151 shares after completing the transaction at $1.83 per share. On Dec 12 ’23, another insider, SHAH CAPITAL MANAGEMENT, who serves as the Chairman of the company, bought 343,913 shares for $2.33 each. As a result, the insider paid 801,317 and bolstered with 18,639,226 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, SOL now has a Market Capitalization of 114811104 and an Enterprise Value of 1155510656. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.15 while its Price-to-Book (P/B) ratio in mrq is 0.37. Its current Enterprise Value per Revenue stands at 11.156 whereas that against EBITDA is 479.465.
Stock Price History:
Over the past 52 weeks, SOL has reached a high of $3.27, while it has fallen to a 52-week low of $1.41. The 50-Day Moving Average of the stock is 22.84%, while the 200-Day Moving Average is calculated to be 13.61%.
Shares Statistics:
SOL traded an average of 214.38K shares per day over the past three months and 367810 shares per day over the past ten days. A total of 54.62M shares are outstanding, with a floating share count of 52.69M. Insiders hold about 0.11% of the company’s shares, while institutions hold 42.00% stake in the company. Shares short for SOL as of 1724976000 were 1655455 with a Short Ratio of 7.72, compared to 1722384000 on 1534815. Therefore, it implies a Short% of Shares Outstanding of 1655455 and a Short% of Float of 9.16.
