JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) has a beta value of 0.42 and has seen 1.5 million shares traded in the last trading session. The company, currently valued at $1.24B, closed the last trade at $24.02 per share which meant it gained $0.97 on the day or 4.21% during that session. The JKS stock price is -60.91% off its 52-week high price of $38.65 and 30.47% above the 52-week low of $16.70. If we look at the company’s 10-day average daily trading volume, we find that it stood at 3.22 million shares traded. The 3-month trading volume is 1.06 million shares.
The consensus among analysts is that JinkoSolar Holding Co. Ltd ADR (JKS) is Hold stock at the moment, with a recommendation rating of 3.17. 2 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 4 have rated it as a Hold, with 0 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.29.
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JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) trade information
Sporting 4.21% in the green in last session, the stock has traded in the red over the last five days, with the highest price hit on recent trading when the JKS stock price touched $24.02 or saw a rise of 35.71%. Year-to-date, JinkoSolar Holding Co. Ltd ADR shares have moved -34.98%, while the 5-day performance has seen it change -19.77%. Over the past 30 days, the shares of JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) have changed 25.04%. Short interest in the company has seen 4.8 million shares shorted with days to cover at 5.83.
Wall Street analysts have a consensus price target for the stock at $26, which means that the shares’ value could jump 7.62% from current levels. The projected low price target is $20.0 while the price target rests at a high of $30.0. In that case, then, we find that the current price level is -24.9% off the targeted high while a plunge would see the stock lose 16.74% from current levels.
JinkoSolar Holding Co. Ltd ADR (JKS) estimates and forecasts
Figures show that JinkoSolar Holding Co. Ltd ADR shares have underperformed across the wider relevant industry. The company’s shares have gained 4.34% over the past 6 months, with this year growth rate of -104.14%, compared to -4.70% for the industry. Revenue growth from the last financial year stood is estimated to be -15.90%.
3 analysts offering their estimates for the company have set an average revenue estimate of 3.2B for the current quarter. 3 have an estimated revenue figure of 4.49B for the next ending quarter.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 42.45% over the past 5 years. Earnings growth for 2024 is a modest -104.31% while over the next 5 years, the company’s earnings are expected to increase by 36.71%.
JKS Dividends
JinkoSolar Holding Co. Ltd ADR is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
JinkoSolar Holding Co. Ltd ADR (NYSE:JKS)’s Major holders
The top two institutional holders are MACKENZIE FINANCIAL CORP with over 2.57 million shares worth more than $53.3 million. As of 2024-06-30, MACKENZIE FINANCIAL CORP held 4.7633% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 1.6 million shares as of 2024-06-30. The firm’s total holdings are worth over $33.17 million and represent 2.9646% of shares outstanding.
