In today’s recent session, 0.44 million shares of the JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) have been traded, and its beta is 0.34. Most recently the company’s share price was $22.08, and it changed around $1.26 or 6.05% from the last close, which brings the market valuation of the company to $1.14B. JKS at last check was trading at a discount to its 52-week high of $38.37, offering almost -73.78% off that amount. The share price’s 52-week low was $16.70, which indicates that the recent value has risen by an impressive 24.37% since then. We note from JinkoSolar Holding Co. Ltd ADR’s average daily trading volume that its 10-day average is 1.22 million shares, with the 3-month average coming to 1.57 million.
JinkoSolar Holding Co. Ltd ADR stock received a consensus recommendation rating of Hold, based on a mean score of 3.33. If we narrow it down even further, the data shows that 2 out of 9 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 3 recommended JKS as a Hold, whereas 2 deemed it a Buy, and 2 rated it as Underweight. JinkoSolar Holding Co. Ltd ADR is expected to report earnings per share of -0.01 for the current quarter.
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JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) trade information
Instantly JKS has been showing a green trend so far today with a performance of 6.05% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 22.93 on recent trading dayincreased the stock’s daily price by 3.71%. The company’s shares are currently down -40.23% year-to-date, but still up 2.41% over the last five days. On the other hand, JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) is 3.46% up in the 30-day period. We can see from the shorts that 5.0 million shares have been sold at a short interest cover period of 1.79 day(s).
The consensus price target as assigned by Wall Street analysts is $20, which translates to bulls needing to decrease their stock price by -10.4% from its current value. Analyst projections state that JKS is forecast to be at a low of $20 and a high of $30.
JinkoSolar Holding Co. Ltd ADR (JKS) estimates and forecasts
JinkoSolar Holding Co. Ltd ADR share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -22.66 percent over the past six months and at a -104.14% annual growth rate that is well below the industry average of -20.00%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will loss -111.39% in revenue this quarter, and will report a decrease of -21.85% in the next quarter. The year-over-year growth rate is expected to be -18.54%, down from the previous year.
Consensus estimates provided by 3 financial analysts predict the company will bring in an average of 3.58B in revenue for the current quarter. 3 analysts expect JinkoSolar Holding Co. Ltd ADR to make 3.11B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 4.62B and 3.19B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -22.68%. Forecasts for the next quarter put sales growth at -2.54%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 42.45%. JinkoSolar Holding Co. Ltd ADR earnings are expected to increase by -92.59% in 2024, but the outlook is positive 36.71% per year for the next five years.
JKS Dividends
JinkoSolar Holding Co. Ltd ADR’s next quarterly earnings report is expected to be released in December. The annual dividend yield of the stock is 13.59 percent and its annual dividend per share was 3.00. It is important to note, however, that the 13.59% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision.
JinkoSolar Holding Co. Ltd ADR (NYSE:JKS)’s Major holders
VANGUARD GROUP INC, with 2.9646% or 1.6 million shares worth $33.17 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
Invesco ETF TR II-Invesco Solar ETF and Vanguard International Stock Index-Total Intl Stock Indx were the top two Mutual Funds as of Sep 30, 2024. The former held 1.2 shares worth $25.99 million, making up 2.25% of all outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held roughly 567.92 shares worth around $12.35 million, which represents about 1.07% of the total shares outstanding.
