JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) is -22.31% lower on its value in year-to-date trading and has touched a low of $16.70 and a high of $38.37 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 $26.85 in the last trading session, with the day’s gains setting it 1.85%.
Currently trading at $28.70, the stock is 24.15% and 19.69% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.97 million and changing 6.89% at the moment leaves the stock 23.70% off its SMA200. JKS registered -11.34% loss for a year compared to 6-month loss of 13.30%. The firm has a 50-day simple moving average (SMA 50) of $23.8694 and a 200-day simple moving average (SMA200) of $23.18845.
The stock witnessed a 16.86% gain in the last 1 month and extending the period to 3 months gives it a 55.22%, and is 16.19% 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 7.17% over the week and 5.83% over the month.
JinkoSolar Holding Co. Ltd ADR (JKS) has around 57397 employees, a market worth around $1.48B and $14.49B in sales. Current P/E ratio is 48.68 and Fwd P/E is 9.54. Profit margin for the company is 0.54%. Distance from 52-week low is 71.86% and -25.20% from its 52-week high. The company has generated returns on investments over the last 12 months (1.15%).
with sales reaching $3.58B over the same period.The EPS is expected to shrink by -93.63% this year, but quarterly earnings will post -19.57% year-over-year. Quarterly sales are estimated to shrink -22.68% in year-over-year returns.
JinkoSolar Holding Co. Ltd ADR (JKS) Top Institutional Holders
The shares outstanding are 51.57M, and float is at 51.33M with Short Float at 9.96%.
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.
JinkoSolar Holding Co. Ltd ADR (JKS) Insider Activity
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