JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) is -4.94% lower on its value in year-to-date trading and has touched a low of $16.70 and a high of $37.36 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 $23.86 in the last trading session, with the day’s loss setting it -0.19%.
Currently trading at $23.67, the stock is 7.86% and 1.80% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.01 million and changing -0.80% at the moment leaves the stock 3.74% off its SMA200. JKS registered -9.59% loss for a year compared to 6-month gain of 26.11%.
The stock witnessed a 16.66% loss in the last 1 month and extending the period to 3 months gives it a 9.38%, and is -0.04% 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 5.38% over the week and 4.78% over the month.
JinkoSolar Holding Co. Ltd ADR (JKS) has around 57397 employees, a market worth around $1.22B and $14.49B in sales. Current P/E ratio is 40.15 and Fwd P/E is 7.88. Profit margin for the company is 0.54%. Distance from 52-week low is 41.74% and -36.64% from its 52-week high. The company has generated returns on investments over the last 12 months (1.15%).
with sales reaching $3.38B over the same period.The EPS is expected to shrink by -89.22% this year, but quarterly earnings will post -20.40% year-over-year. Quarterly sales are estimated to shrink -26.80% in year-over-year returns.
The shares outstanding are 51.57M, and float is at 51.33M with Short Float at 11.36%.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 1.6 million shares valued at $33.17 million. The investor’s holdings represent 2.9646 of the JKS Shares outstanding. As of 2024-06-30, the second largest holder is INVESCO LTD. with 1.47 million shares valued at $30.51 million to account for 2.7272 of the shares outstanding. The other top investors are MORGAN STANLEY which holds 1.27 million shares representing 2.3454 and valued at over $26.24 million, while DIMENSIONAL FUND ADVISORS LP holds 1.8176 of the shares totaling 0.98 million with a market value of $20.36 million.
