In last trading session, JinkoSolar Holding Co. Ltd. (NYSE:JKS) saw 2.38 million shares changing hands with its beta currently measuring 1.09. Company’s recent per share price level of $45.27 trading at -$0.78 or -1.69% at ring of the bell on the day assigns it a market valuation of $2.09B. That closing price of JKS’s stock is at a discount of -69.05% from its 52-week high price of $76.53 and is indicating a premium of 37.29% from its 52-week low price of $28.39. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.99 million shares which gives us an average trading volume of 1.19 million if we extend that period to 3-months.
For JinkoSolar Holding Co. Ltd. (JKS), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 2.70. Splitting up the data highlights that, out of 10 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 4 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.9 in the current quarter.
JinkoSolar Holding Co. Ltd. (NYSE:JKS) trade information
Upright in the red during last session for losing -1.69%, in the last five days JKS remained trading in the green while hitting it’s week-highest on Thursday, 01/13/22 when the stock touched $45.27 price level, adding 9.19% to its value on the day. JinkoSolar Holding Co. Ltd.’s shares saw a change of -1.50% in year-to-date performance and have moved 4.84% in past 5-day. JinkoSolar Holding Co. Ltd. (NYSE:JKS) showed a performance of -0.04% in past 30-days. Number of shares sold short was 3.55 million shares which calculate 2.8 days to cover the short interests.
JinkoSolar Holding Co. Ltd. (JKS) estimates and forecasts
Statistics highlight that JinkoSolar Holding Co. Ltd. is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -21.95% of value to its shares in past 6 months, showing an annual growth rate of -56.10% while that of industry is -7.00. Apart from that, the company came lowering its revenue forecast for fiscal year 2022. The company is estimating its revenue growth to increase by 718.20% in the current quarter and calculating 180.00% increase in the next quarter. This year revenue growth is estimated to rise 9.60% from the last financial year’s standing.
5 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.15 billion for the same. And 5 analysts are in estimates of company making revenue of $1.82 billion in the next quarter that will end on Mar 2022. Company posted $1.6 billion and $1.21 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 34.40% while estimating it to be 50.30% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -22.60% during past 5 years. In 2022, company’s earnings growth rate is likely to be around -75.70% while estimates for its earnings growth in next 5 years are of 29.07%.
JinkoSolar Holding Co. Ltd. is more likely to be releasing its next quarterly report between April 07 and April 11 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
JinkoSolar Holding Co. Ltd. (NYSE:JKS)’s Major holders
Insiders are in possession of 4.84% of company’s total shares while institution are holding 53.30 percent of that, with stock having share float percentage of 56.01%. Investors also watch the number of corporate investors in a company very closely, which is 53.30% institutions for JinkoSolar Holding Co. Ltd. that are currently holding shares of the company. Schroder Investment Management Group is the top institutional holder at JKS for having 3.6 million shares of worth $164.83 million. And as of Sep 29, 2021, it was holding 12.14% of the company’s outstanding shares.
The second largest institutional holder is Invesco Ltd., which was holding about 2.34 million shares on Sep 29, 2021. The number of shares represents firm’s hold over 7.89% of outstanding shares, having a total worth of $107.07 million.
On the other hand, Invesco ETF TR II-Invesco Solar ETF and iShares Global Clean Energy ETF are the top two Mutual Funds which own company’s shares. As of Oct 30, 2021, the former fund manager was holding 1.86 million shares of worth $111.46 million or 6.29% of the total outstanding shares. The later fund manager was in possession of 0.76 million shares on Oct 30, 2021, making its stake of worth around $45.45 million in the company or a holder of 2.56% of company’s stock.