JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) is -29.62% lower on its value in year-to-date trading and has touched a low of $23.12 and a high of $51.71 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 $27.67 in the last trading session, with the day’s loss setting it -1.67%.
Currently trading at $26.00, the stock is -3.83% and -7.44% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.14 million and changing -6.04% at the moment leaves the stock -22.68% off its SMA200. JKS registered -48.31% loss for a year compared to 6-month loss of -12.90%. The firm has a 50-day simple moving average (SMA 50) of $0.06 and a 200-day simple moving average (SMA200) of $0.75.
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The stock witnessed a 0.54% gain in the last 1 month and extending the period to 3 months gives it a -16.10%, and is -6.44% 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 5.23% over the week and 4.27% over the month.
JinkoSolar Holding Co. Ltd ADR (JKS) has around 46511 employees, a market worth around $1.34B and $16.45B in sales. Current P/E ratio is 2.71 and Fwd P/E is 4.17. Profit margin for the company is 3.55%. Distance from 52-week low is 12.46% and -49.72% from its 52-week high. The company has generated returns on investments over the last 12 months (11.24%).
JinkoSolar Holding Co. Ltd ADR quarterly earnings per share for the current quarter are estimated at $2.5 with sales reaching $4.28B over the same period.The EPS is expected to grow by 511.71% this year, but quarterly earnings will post 33.40% year-over-year. Quarterly sales are estimated to shrink -3.00% in year-over-year returns.
206 institutions hold shares in JinkoSolar Holding Co. Ltd ADR (JKS), with institutional investors hold 70.70% of the company’s shares. The shares outstanding are 51.57M, and float is at 51.33M with Short Float at 5.32%. Institutions hold 41.52% of the Float.
The top institutional shareholder in the company is Mackenzie Financial Corporation with over 2.18 million shares valued at $96.93 million. The investor’s holdings represent 4.19% of the JKS Shares outstanding. As of Jun 29, 2023, the second largest holder is Schroder Investment Management Group with 1.59 million shares valued at $70.46 million to account for 3.05% of the shares outstanding. The other top investors are Vanguard Group Inc which holds 1.53 million shares representing 2.93% and valued at over $67.76 million, while Invesco Ltd. holds 2.89% of the shares totaling 1.51 million with a market value of $66.91 million.
