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After finishing at $21.07 in the prior trading day, JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) closed at $20.70, down -1.76%. In other words, the price has decreased by -$1.76 from its previous closing price. On the day, 1.27 million shares were traded. JKS stock price reached its highest trading level at $21.4999 during the session, while it also had its lowest trading level at $20.61.
Ratios:
Our goal is to gain a better understanding of JKS by taking a closer look at its different ratios. For the most recent quarter (mrq), Quick Ratio is recorded 0.92 and its Current Ratio is at 1.22. In the meantime, Its Debt-to-Equity ratio is 2.48 whereas as Long-Term Debt/Eq ratio is at 1.37.
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:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. 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 1020737728 and an Enterprise Value of 33331052544. As of this moment, JinkoSolar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 35.11, and their Forward P/E ratio for the next fiscal year is 8.33. 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 0.37. Its current Enterprise Value per Revenue stands at 0.319 whereas that against EBITDA is 2.789.
Stock Price History:
The Beta on a monthly basis for JKS is 0.07, which has changed by -0.16329831 over the last 52 weeks, in comparison to a change of 0.10063088 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 -5.87%, while the 200-Day Moving Average is calculated to be -7.64%.
Shares Statistics:
The stock has traded on average 738.14K shares per day over the past 3-months and 931680 shares per day over the last 10 days, according to various share statistics. 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 27.89% stake in the company. Shares short for JKS as of 1741910400 were 4435267 with a Short Ratio of 7.13, compared to 1739491200 on 5830060. Therefore, it implies a Short% of Shares Outstanding of 4435267 and a Short% of Float of 11.91.
Dividends & Splits
Against a Trailing Annual Dividend Yield of 0.0
Earnings Estimates
The consensus estimate for the next quarter is $0, with high estimates of $0 and low estimates of $0.
Analysts are recommending an EPS of between $1.59 and $1.08 for the fiscal current year, implying an average EPS of $1.33. EPS for the following year is $2.7, with 1.0 analysts recommending between $2.7 and $2.7.
Revenue Estimates
2 analysts predict $3.4B in revenue for the current quarter. It ranges from a high estimate of $3.59B to a low estimate of $3.22B. As of the current estimate, JinkoSolar Holding Co. Ltd ADR’s year-ago sales were $4.62BFor the next quarter, 2 analysts are estimating revenue of $3.05B. There is a high estimate of $3.08B for the next quarter, whereas the lowest estimate is $3.03B.
A total of 5 analysts have provided revenue estimates for JKS’s current fiscal year. The highest revenue estimate was $13.7B, while the lowest revenue estimate was $12.83B, resulting in an average revenue estimate of $13.3B. In the same quarter a year ago, actual revenue was $16.72BBased on 5 analysts’ estimates, the company’s revenue will be $14.45B in the next fiscal year. The high estimate is $16.35B and the low estimate is $11.62B.
