Why should you keep an eye on JinkoSolar Holding Co. Ltd ADR (JKS)?

JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) is -18.95% lower on its value in year-to-date trading and has touched a low of $16.70 and a high of $38.65 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 $26.09 in the last trading session, with the day’s gains setting it 3.85%.

Currently trading at $29.94, the stock is 42.34% and 49.97% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.85 million and changing 14.76% at the moment leaves the stock 21.97% off its SMA200. JKS registered 6.28% gain for a year compared to 6-month loss of 28.66%. The firm has a 50-day simple moving average (SMA 50) of $20.1558 and a 200-day simple moving average (SMA200) of $24.5286.

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The stock witnessed a 66.80% gain in the last 1 month and extending the period to 3 months gives it a 41.76%, and is 29.00% up 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 9.66% over the week and 5.72% over the month.

JinkoSolar Holding Co. Ltd ADR (JKS) has around 57397 employees, a market worth around $1.54B and $15.46B in sales. Current P/E ratio is 7.88 and Fwd P/E is 13.28. Profit margin for the company is 1.67%. Distance from 52-week low is 79.28% and -22.54% from its 52-week high. The company has generated returns on investments over the last 12 months (4.48%).

with sales reaching $3.2B over the same period.The EPS is expected to shrink by -104.28% this year, but quarterly earnings will post -15.90% year-over-year.

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

The shares outstanding are 52.14M, and float is at 51.33M with Short Float at 9.63%.

The top institutional shareholder in the company is MACKENZIE FINANCIAL CORP with over 2.57 million shares valued at $53.3 million. The investor’s holdings represent 4.7633% of the JKS Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 1.6 million shares valued at $33.17 million to account for 2.9646 of the shares outstanding. The other top investors are INVESCO LTD. which holds 1.47 million shares representing 2.7272% and valued at over $30.51 million, while MORGAN STANLEY holds 2.3454 of the shares totaling 1.27 million with a market value of $26.24 million.