Home  »  Industry   »  Is JinkoSolar Holding Co. Ltd. (JKS) a good stock ...

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.


3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Sponsored


Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

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.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

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.

Most Popular

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Related Posts

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

7 GROWTH STOCKS FOR 2021

Download Free eBook For

100% free. stop anytime no spam