JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) traded at $23.12 at close of the session on current trade day and made a downward move of -3.75% on its previous day’s price.
Looking at the stock we see that its previous close was $24.02 and the beta (5Y monthly) reads 0.402 with the day’s price range being $22.74 – $24.24. The company has a trailing 12-month PE ratio of 6.08. In terms of its 52-week price range, JKS has a high of $38.65 and a low of $16.70. The company’s stock has gained about 19.42% over that past 30 days.
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JinkoSolar Holding Co. Ltd ADR has a market cap of $1.19 billion and is expected to release its quarterly earnings report in November. Estimates by analysts give the company expected earnings per share (EPS) of -0.29, with the EPS growth for the year raised at 0.52 for current year and 0.52 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at 3.2B, with a low of 3.11B and a high of 3.25B. According to analyst consensus estimates figures, the company’s yearly revenue forecast for current year is expected to hit 14.05B, or -15.90% down from figures reported last year.
On the other hand, looking at the outlook for the JKS stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell.
Based on estimates by 4 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 2 have rated the JinkoSolar Holding Co. Ltd ADR (JKS) stock as a Hold, while 0 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 2 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the JKS stock currently stands at 0.17, and the current price level is -2.15% off its SMA20 and 11.31% from its 50-day simple moving average. The RSI (14) is pointing at 49.83 while the volatility over the past week is 10.80% and jumps to 8.28% over the past one month. The beta value is 0.41, while the average true range (ATR) is currently pointing at 2.36. The average price target for the stock over the next 12 months is $26, with the estimates having a low of $20 and a high of $30. These price ends are 13.49% and -29.76% off the current price level respectively, although investors could be excited at the prospect of a -12.46% if the JKS share price touches on the median price of $26.
Coming back to JinkoSolar Holding Co. Ltd ADR (NYSE:JKS), we note that the average 3-month trading volume was 1.08 million, while that of the preceding 10-day period stands at 3.03 million. Current shares outstanding are 52.14 million.
The insiders hold 0.48% of the company’s shares while institutions hold 31.11%. The data shows that short shares as of 2024-09-30, stood at 4.8 million at a short ratio of 5.83. This represents a 1288.00 short interest in shares outstanding on 2024-09-30. Shares short fall in September from the previous month at 5.13 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -37.41% down in year-to-date price movement.
