JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) is -6.87% 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 $23.76 in the last trading session, with the day’s loss setting it -0.57%.
Currently trading at $23.19, the stock is 2.64% and 4.09% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.04 million and changing -2.40% at the moment leaves the stock 3.04% off its SMA200. JKS registered -12.36% loss for a year compared to 6-month gain of 15.26%. The firm has a 50-day simple moving average (SMA 50) of $22.2784 and a 200-day simple moving average (SMA200) of $22.50675.
The stock witnessed a -0.04% loss in the last 1 month and extending the period to 3 months gives it a -13.05%, and is 5.65% 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 5.39% over the week and 5.68% over the month.
JinkoSolar Holding Co. Ltd ADR (JKS) has around 57397 employees, a market worth around $1.20B and $14.49B in sales. Current P/E ratio is 39.33 and Fwd P/E is 7.72. Profit margin for the company is 0.54%. Distance from 52-week low is 38.86% and -37.93% from its 52-week high. The company has generated returns on investments over the last 12 months (1.15%).
with sales reaching $3.4B over the same period.The EPS is expected to shrink by -89.28% this year, but quarterly earnings will post -20.44% year-over-year. Quarterly sales are estimated to shrink -26.47% in year-over-year returns.
180.0 institutions hold shares in JinkoSolar Holding Co. Ltd ADR (JKS), with institutional investors hold 37.10% of the company’s shares. The shares outstanding are 51.57M, and float is at 51.33M with Short Float at 10.25%. Institutions hold 24.54% of the Float.
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 DIMENSIONAL FUND ADVISORS LP which holds 0.98 million shares representing 1.8176 and valued at over $20.36 million, while BLACKROCK INC. holds 1.7918 of the shares totaling 0.97 million with a market value of $20.05 million.
