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The price of JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) closed at $21.64 in the last session, down -0.14% from day before closing price of $21.67. In other words, the price has decreased by -$0.14 from its previous closing price. On the day, 0.63 million shares were traded. JKS stock price reached its highest trading level at $21.65 during the session, while it also had its lowest trading level at $20.62.
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 0.92 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.
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.
Insider Transactions:
An investor can also benefit from insider trades by learning what management is thinking about the future direction of 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 1067089984 and an Enterprise Value of 33523660800. As of this moment, JinkoSolar’s Price-to-Earnings (P/E) ratio for their current fiscal year is 36.70, and their Forward P/E ratio for the next fiscal year is 7.42. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 1.00. 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 0.39. Its current Enterprise Value per Revenue stands at 0.321 whereas that against EBITDA is 2.805.
Stock Price History:
Over the past 52 weeks, JKS has reached a high of $38.37, while it has fallen to a 52-week low of $16.70. The 50-Day Moving Average of the stock is -6.47%, while the 200-Day Moving Average is calculated to be -7.07%.
Shares Statistics:
According to the various share statistics, JKS traded on average about 1.59M shares per day over the past 3-months and 890240 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 29.57% stake in the company. Shares short for JKS as of 1730332800 were 4996889 with a Short Ratio of 3.15, compared to 1727654400 on 4796073. Therefore, it implies a Short% of Shares Outstanding of 4996889 and a Short% of Float of 13.41.
