During the last session, JinkoSolar Holding Co. Ltd. (NYSE:JKS)’s traded shares were 1.03 million, with the beta value of the company hitting 0.92. At the end of the trading day, the stock’s price was $60.70, reflecting an intraday loss of -2.03% or -$1.26. The 52-week high for the JKS share is $68.85, that puts it down -13.43 from that peak though still a striking 41.66% gain since the share price plummeted to a 52-week low of $35.41. The company’s market capitalization is $2.88B, and the average trade volume was 1.19 million shares over the past three months.
JinkoSolar Holding Co. Ltd. (JKS) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.80. JKS has a Sell rating from 1 analyst(s) out of 7 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 3 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be $0.36.
JinkoSolar Holding Co. Ltd. (NYSE:JKS) trade information
JinkoSolar Holding Co. Ltd. (JKS) registered a -2.03% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -2.03% in intraday trading to $60.70 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is 5.51%, and it has moved by 6.19% in 30 days. Based on these gigs, the overall price performance for the year is 63.44%.
The consensus price target of analysts on Wall Street is $380.00, which implies an increase of 84.03% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $204.98 and $489.27 respectively. As a result, JKS is trading at a discount of -706.05% off the target high and -237.69% off the low.
JinkoSolar Holding Co. Ltd. (JKS) estimates and forecasts
Statistics show that JinkoSolar Holding Co. Ltd. has outperformed its competitors in share price, compared to the industry in which it operates. JinkoSolar Holding Co. Ltd. (JKS) shares have gone up 42.62% during the last six months, with a year-to-date growth rate more than the industry average at 64.12% against 22.70. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to grow 140.00% this quarter and then drop -57.30% in the quarter after that. In the rating firms’ projections, revenue will increase 54.30% compared to the previous financial year.
Revenue for the current quarter is expected to be $2.25 billion as predicted by 5 analyst(s). Meanwhile, a consensus of 5 analyst(s) estimates revenue growth to $2.26 billion by the end of Jun 2022.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -11.20%. While earnings are projected to return 172.20% in 2022, the next five years will return 29.07% per annum.
JinkoSolar Holding Co. Ltd. is due to release its next quarterly earnings between April 07 and April 11. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
JinkoSolar Holding Co. Ltd. (NYSE:JKS)’s Major holders
JinkoSolar Holding Co. Ltd. insiders own 10.72% of total outstanding shares while institutional holders control 58.04%, with the float percentage being 65.01%. Schroder Investment Management Group is the largest shareholder of the company, while 208 institutions own stock in it. As of Dec 30, 2021, the company held over 5.37 million shares (or 10.97% of all shares), a total value of $246.59 million in shares.
The next largest institutional holding, with 2.63 million shares, is of Blackrock Inc.’s that is approximately 5.38% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $127.12 million.
Also, the Mutual Funds coming in first place with the largest holdings of JinkoSolar Holding Co. Ltd. (JKS) shares are Invesco ETF TR II-Invesco Solar ETF and iShares Global Clean Energy ETF. Data provided on Feb 27, 2022 indicates that Invesco ETF TR II-Invesco Solar ETF owns about 1.42 million shares. This amounts to just over 2.91 percent of the company’s overall shares, with a $71.96 million market value. The same data shows that the other fund manager holds slightly less at 0.75 million, or about 1.54% of the stock, which is worth about $33.21 million.