During the recent session, JinkoSolar Holding Co. Ltd ADR (NYSE:JKS)’s traded shares were 0.59 million, with the beta value of the company hitting 0.38. At the last check today, the stock’s price was $18.36, reflecting an intraday gain of 1.46% or $0.26. The 52-week high for the JKS share is $38.65, that puts it down -110.51 from that peak though still a striking 6.97% gain since the share price plummeted to a 52-week low of $17.08. The company’s market capitalization is $947.08M, and the average intraday trading volume over the past 10 days was 0.58 million shares, and the average trade volume was 741.58K shares over the past three months.
JinkoSolar Holding Co. Ltd ADR (JKS) received a consensus recommendation of Hold from analysts. That translates to a mean rating of 3.75. JKS has a Sell rating from 2 analyst(s) out of 4 analysts who have looked at this stock. 2 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 0 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 0.17.
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JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) trade information
JinkoSolar Holding Co. Ltd ADR (JKS) registered a 1.46% upside in the last session and has traded in the red over the past 5 sessions. The stock spiked 1.46% in intraday trading to $18.36, hitting a weekly high. The stock’s 5-day price performance is -2.52%, and it has moved by -8.13% in 30 days. Based on these gigs, the overall price performance for the year is -44.93%. The short interest in JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) is 4.91 million shares and it means that shorts have 6.67 day(s) to cover.
The consensus price target of analysts on Wall Street is $29, which implies an increase of 36.69% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $20 and $70 respectively. As a result, JKS is trading at a discount of -281.26% off the target high and -8.93% off the low.
JinkoSolar Holding Co. Ltd ADR (JKS) estimates and forecasts
Statistics show that JinkoSolar Holding Co. Ltd ADR has underperformed its competitors in share price, compared to the industry in which it operates. JinkoSolar Holding Co. Ltd ADR (JKS) shares have gone down -32.65% during the last six months, with a year-to-date growth rate less than the industry average at -60.16% against -12.60. Yet analysts are ramping up their growth forecast for the fiscal year 2024. Revenue is predicted to shrink -95.20% this quarter and then drop -72.50% in the quarter after that. In the rating firms’ projections, revenue will decrease -1.30% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 3.91B as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 4.69B by the end of current fiscal year.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 42.45%. While earnings are projected to return -98.63% in 2024, the next five years will return 36.71% per annum.
JKS Dividends
JinkoSolar Holding Co. Ltd ADR is due to release its next quarterly earnings on 2024-Aug-30. 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 ADR (NYSE:JKS)’s Major holders
The next largest institutional holding, with 1.6 million shares, is of VANGUARD GROUP INC’s that is approximately 2.9646% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $33.17 million.
