Emeren Group Ltd ADR (NYSE: SOL) is 0.49% higher on its value in year-to-date trading and has touched a low of $1.41 and a high of $3.00 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SOL stock was last observed hovering at around $2.08 in the last trading session, with the day’s loss setting it -0.04%.
Currently trading at $2.04, the stock is 1.29% and 2.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.25 million and changing -1.92% at the moment leaves the stock 3.59% off its SMA200. SOL registered -0.97% loss for a year compared to 6-month gain of 11.48%. The firm has a 50-day simple moving average (SMA 50) of $1.9846 and a 200-day simple moving average (SMA200) of $1.96935.
The stock witnessed a 7.37% loss in the last 1 month and extending the period to 3 months gives it a -23.31%, and is 1.49% 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 7.34% over the week and 6.96% over the month.
Fwd P/E is 5.67. Profit margin for the company is -8.65%. Distance from 52-week low is 44.68% and -32.00% from its 52-week high. The company has generated returns on investments over the last 12 months (-2.32%).
with sales reaching $40.13M over the same period.The EPS is expected to grow by 162.50% this year, but quarterly earnings will post -6.53% year-over-year. Quarterly sales are estimated to shrink -8.80% in year-over-year returns.
Emeren Group Ltd ADR (SOL) Top Institutional Holders
The shares outstanding are 52.75M, and float is at 52.69M with Short Float at 1.85%.
The top institutional shareholder in the company is SHAH CAPITAL MANAGEMENT with over 18.63 million shares valued at $27.94 million. The investor’s holdings represent 34.7935% of the SOL Shares outstanding. As of 2024-06-30, the second largest holder is INVESCO LTD. with 0.99 million shares valued at $1.48 million to account for 1.8447 of the shares outstanding. The other top investors are GSA CAPITAL PARTNERS LLP which holds 0.82 million shares representing 1.5235% and valued at over $1.22 million, while MONACO ASSET MANAGEMENT SAM holds 1.2098 of the shares totaling 0.65 million with a market value of $0.97 million.
Emeren Group Ltd ADR (SOL) Insider Activity
The most recent transaction is an insider purchase by SHAH CAPITAL MANAGEMENT, the company’s CHAIRMAN. SEC filings show that SHAH CAPITAL MANAGEMENT bought 12,461 shares of the company’s common stock on Dec 19 ’24 at a price of $1.77 per share for a total of $22056.0. Following the purchase, the insider now owns 18.82 million shares.
Emeren Group Ltd ADR disclosed in a document filed with the SEC on Dec 18 ’24 that SHAH CAPITAL MANAGEMENT (CHAIRMAN) bought a total of 4,392 shares of the company’s common stock. The trade occurred on Dec 18 ’24 and was made at $1.76 per share for $7730.0. Following the transaction, the insider now directly holds 18.81 million shares of the SOL stock.
Still, SEC filings show that on Dec 13 ’24, SHAH CAPITAL MANAGEMENT (CHAIRMAN) acquired 46,211 shares at an average price of $1.77 for $81793.0. The insider now directly holds 18,801,383 shares of Emeren Group Ltd ADR (SOL).
