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Is JinkoSolar Holding Co. Ltd. (JKS) a good stock to buy now?

JinkoSolar Holding Co. Ltd. (NYSE: JKS) is -34.94% lower on its value in year-to-date trading and has touched a low of $13.50 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 $42.55 in the last trading session, with the day’s loss setting it -2.3% off its average median price target of $57.00 for the next 12 months. It is also 46.33% off the consensus price target high of $75.00 offered by 8 analysts, but current levels are -246.68% lower than the price target low of $11.61 for the same period.

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Currently trading at $40.25, the stock is -8.03% and -24.95% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.62 million and changing -5.41% at the moment leaves the stock -11.98% off its SMA200. JKS registered 183.85% gain for a year compared to 6-month loss of -5.83%. The firm has a 50-day simple moving average (SMA 50) of $47.43 and a 200-day simple moving average (SMA200) of $57.85.

The stock witnessed a -1.59% gain in the last 1 month and extending the period to 3 months gives it a -34.94%, and is -8.44% 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 9.24% over the week and 9.04% over the month.

JinkoSolar Holding Co. Ltd. (JKS) has around 15195 employees, a market worth around $1.79B and $5.38B in sales. Current P/E ratio is 12.80 and Fwd P/E is 10.01. Profit margin for the company is 2.80%. Distance from 52-week low is 198.15% and -55.38% 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 08/26/2021 and quarterly earnings per share for the current quarter are estimated at $0.37 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 19.50% year-over-year. Quarterly sales are estimated to grow 0.50% in year-over-year returns.

JinkoSolar Holding Co. Ltd. (JKS) Top Institutional Holders

219 institutions hold shares in JinkoSolar Holding Co. Ltd. (JKS), with 2.31M shares held by insiders accounting for 5.10% while institutional investors hold 63.18% of the company’s shares. The shares outstanding are 44.50M, and float is at 42.95M with Short Float at 17.92%. Institutions hold 59.96% of the Float.

The top institutional shareholder in the company is Invesco Ltd. with over 2.7 million shares valued at $166.82 million. The investor’s holdings represent 9.10% of the JKS Shares outstanding. As of Dec 30, 2020, the second largest holder is Shaw D.E. & Co., Inc. with 2.21 million shares valued at $136.48 million to account for 7.44% of the shares outstanding. The other top investors are Susquehanna International Group, LLP which holds 1.37 million shares representing 4.63% and valued at over $84.97 million, while Dimensional Fund Advisors LP holds 4.45% of the shares totaling 1.32 million with a market value of $81.51 million.

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JinkoSolar Holding Co. Ltd. (JKS): Who are the competitors?

The company’s main competitors (and peers) include Canadian Solar Inc. (CSIQ) that is trading 203.60% up over the past 12 months and Daqo New Energy Corp. (DQ) that is 548.18% higher over the same period. ReneSola Ltd (SOL) is 947.57% up on the 1-year trading charts. Short interest in the company’s stock has risen 30.39% from the last report on Feb 11, 2021 to stand at a total of 5.36 million short shares sold with a short interest ratio of 2.81.

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