JinkoSolar Holding Co. Ltd. (NYSE: JKS) is -15.47% lower on its value in year-to-date trading and has touched a low of $11.42 and a high of $90.20 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The JKS stock was last observed hovering at around $58.14 in the last trading session, with the day’s loss setting it -5.84% off its average median price target of $57.00 for the next 12 months. It is also 30.27% off the consensus price target high of $75.00 offered by 8 analysts, but current levels are -270.13% lower than the price target low of $14.13 for the same period.
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Currently trading at $52.30, the stock is -18.82% and -19.17% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.78 million and changing -10.04% at the moment leaves the stock 26.14% off its SMA200. JKS registered 92.21% gain for a year compared to 6-month gain of 144.85%. The firm has a 50-day simple moving average (SMA 50) of $64.82 and a 200-day simple moving average (SMA200) of $52.74.
The stock witnessed a -23.48% loss in the last 1 month and extending the period to 3 months gives it a -12.01%, and is -19.97% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 6.80% over the week and 7.03% over the month.
JinkoSolar Holding Co. Ltd. (JKS) has around 15195 employees, a market worth around $2.34B and $5.43B in sales. Current P/E ratio is 16.47 and Fwd P/E is 14.70. Profit margin for the company is 2.80%. Distance from 52-week low is 357.97% and -42.02% from its 52-week high. The company has generated returns on investments over the last 12 months (5.10%).
JinkoSolar Holding Co. Ltd. (JKS) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for JinkoSolar Holding Co. Ltd. (JKS) is a “Hold”. 8 analysts offering their recommendations for the stock have an average rating of 2.90, where 2 rate it as a Hold and 1 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 3 analysts have rated the stock as a Sell or Underperform.
JinkoSolar Holding Co. Ltd. is expected to release its quarterly report on 07/01/2021 and quarterly earnings per share for the current quarter are estimated at $0.36 with sales reaching $1.38B over the same period.The EPS is expected to grow by 101.90% this year, but quarterly earnings will post 19.80% year-over-year. Quarterly sales are estimated to grow 0.50% in year-over-year returns.
JinkoSolar Holding Co. Ltd. (JKS) Top Institutional Holders
168 institutions hold shares in JinkoSolar Holding Co. Ltd. (JKS), with 2.44M shares held by insiders accounting for 5.38% while institutional investors hold 70.78% of the company’s shares. The shares outstanding are 44.50M, and float is at 42.83M with Short Float at 13.43%. Institutions hold 66.97% of the Float.
The top institutional shareholder in the company is Invesco Ltd. with over 2.16 million shares valued at $85.77 million. The investor’s holdings represent 7.28% of the JKS Shares outstanding. As of Sep 29, 2020, the second largest holder is Morgan Stanley with 1.91 million shares valued at $75.98 million to account for 6.45% of the shares outstanding. The other top investors are Citigroup Inc. which holds 1.55 million shares representing 5.23% and valued at over $61.63 million, while Canada Pension Plan Investment Board holds 5.15% of the shares totaling 1.52 million with a market value of $60.63 million.
JinkoSolar Holding Co. Ltd. (JKS): Who are the competitors?
The company’s main competitors (and peers) include Canadian Solar Inc. (CSIQ) that is trading 108.82% up over the past 12 months. ReneSola Ltd (SOL) is 830.52% up on the 1-year trading charts. Short interest in the company’s stock has fallen -7.65% from the last report on Dec 30, 2020 to stand at a total of 6.19 million short shares sold with a short interest ratio of 1.56.