In the journey to outperform the market, investors delve into the art of stock selection. Choosing the right stocks can be a powerful driver for wealth accumulation.
After finishing at $16.28 in the prior trading day, JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) closed at $14.45, down -11.24%. In other words, the price has decreased by -$11.24 from its previous closing price. On the day, 1.85 million shares were traded. JKS stock price reached its highest trading level at $16.9 during the session, while it also had its lowest trading level at $14.325.
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 0.99 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:
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 712543936 and an Enterprise Value of 26602412032. For the stock, the TTM Price-to-Sale (P/S) ratio is 0.06 while its Price-to-Book (P/B) ratio in mrq is 0.26. Its current Enterprise Value per Revenue stands at 0.288 whereas that against EBITDA is 4.559.
Stock Price History:
The Beta on a monthly basis for JKS is 0.22, which has changed by -0.4293049 over the last 52 weeks, in comparison to a change of -0.034466684 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 $14.76. The 50-Day Moving Average of the stock is -31.87%, while the 200-Day Moving Average is calculated to be -34.57%.
Shares Statistics:
The stock has traded on average 821.74K shares per day over the past 3-months and 1269620 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 27.82% stake in the company. Shares short for JKS as of 1741910400 were 4435267 with a Short Ratio of 5.40, 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
