JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) price on Friday, February 07, rose 2.16% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $21.79.
A look at the stock’s price movement, the close in the last trading session was $21.33, moving within a range at $21.71 and $22.52. The beta value (5-Year monthly) was 0.413 while the PE ratio in trailing twelve months stood at 36.96. Turning to its 52-week performance, $37.36 and $16.70 were the 52-week high and 52-week low respectively. Overall, JKS moved -21.93% over the past month.
JinkoSolar Holding Co. Ltd ADR’s market cap currently stands at around $1.12 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 3.38B for the company’s revenue for the quarter, with a low and high estimate of 3.22B and 3.59B respectively. The average forecast suggests down to a -26.80% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 13.31B, representing a -20.40% decline on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that JKS is a 50% Sell. On the other hand, the stock is on average a 50% Buy as suggested by medium term indicators while long term indicators are putting the stock in 50% Sell category.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 0 recommend JKS as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 2 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
JKS’s current price about 1.27% and -9.25% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 47.72, while 7-day volatility ratio is 4.09% and 5.44% in the 30-day chart. Further, JinkoSolar Holding Co. Ltd ADR (JKS) has a beta value of 0.39, and an average true range (ATR) of 1.27. Analysts have given the company’s stock an average 52-week price target of $20, forecast between a low of $20 and high of $20. Looking at the price targets, the low is 8.21% off current price level while to achieve the yearly target high, price needs to move 8.21%. Nonetheless, investors will most likely welcome a 8.21% jump to $20 which is the analysts’ median price.
If we refocus on JinkoSolar Holding Co. Ltd ADR (NYSE:JKS), historical trading data shows that trading volumes averaged 0.59 over the past 10 days and 976.97K over the past 3 months. The company’s latest data on shares outstanding shows there are 51.57 million shares.
The 0.48% of JinkoSolar Holding Co. Ltd ADR’s shares are in the hands of company insiders while institutional holders own 28.86% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 4.64 million on 2025-01-15, giving us a short ratio of 5.34. The data shows that as of 2025-01-15 short interest in JinkoSolar Holding Co. Ltd ADR (JKS) stood at 1246.0 of shares outstanding, with shares short falling to 5.62 million registered in 2024-12-13. Current price change has pushed the stock -12.49% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the JKS stock continues to rise going into the next quarter.
