JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) price on Friday, June 13, rose 2.80% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $19.48.
A look at the stock’s price movement, the close in the last trading session was $18.95. Turning to its 52-week performance, $37.36 and $13.42 were the 52-week high and 52-week low respectively. Overall, JKS moved 0.15% over the past month.
JinkoSolar Holding Co. Ltd ADR’s market cap currently stands at around $976.34 million, with investors looking forward to this quarter’s earnings report slated for in July. The company has a Forward Dividend ratio of 1.50, with its dividend yield at 7.70%. As such, investors might be keen on an upside in the stock’s price ahead of the scheduled earnings report.
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 3.90% and 9.83% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 59.32, while 7-day volatility ratio is 2.11% and 1.98% in the 30-day chart. Further, JinkoSolar Holding Co. Ltd ADR (JKS) has a beta value of 0.15, and an average true range (ATR) of 0.87. Analysts have given the company’s stock an average 52-week price target of $22, forecast between a low of $22 and high of $22. Looking at the price targets, the low is -12.94% off current price level while to achieve the yearly target high, price needs to move -12.94%. Nonetheless, investors will most likely welcome a -12.94% jump to $22 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 866.98K over the past 3 months. The company’s latest data on shares outstanding shows there are 50.12 million shares.
The 0.48% of JinkoSolar Holding Co. Ltd ADR’s shares are in the hands of company insiders while institutional holders own 31.82% of the company’s shares. Current price change has pushed the stock -21.77% 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.
