In last trading session, JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) saw 0.68 million shares changing hands with its beta currently measuring 0.33. Company’s recent per share price level of $22.20 trading at -$0.38 or -1.68% at ring of the bell on the day assigns it a market valuation of $1.14B. That closing price of JKS’s stock is at a discount of -72.84% from its 52-week high price of $38.37 and is indicating a premium of 24.77% from its 52-week low price of $16.70. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.71 million shares which gives us an average trading volume of 1.59 million if we extend that period to 3-months.
For JinkoSolar Holding Co. Ltd ADR (JKS), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 3.33. Splitting up the data highlights that, out of 4 analysts covering the stock, 2 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -0.01 in the current quarter.
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JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) trade information
Upright in the red during last session for losing -1.68%, in the last five days JKS remained trading in the green while hitting it’s week-highest on Friday, 11/29/24 when the stock touched $22.20 price level, adding 4.68% to its value on the day. JinkoSolar Holding Co. Ltd ADR’s shares saw a change of -39.90% in year-to-date performance and have moved 2.45% in past 5-day. JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) showed a performance of -12.43% in past 30-days. Number of shares sold short was 5.11 million shares which calculate 2.5 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 20 to the stock, which implies a fall of -11.0% to its current value. Analysts have been projecting 20 as a low price target for the stock while placing it at a high target of 30. It follows that stock’s current price would jump 9.91% in reaching the projected high whereas dropping to the targeted low would mean a gain of 9.91% for stock’s current value.
JinkoSolar Holding Co. Ltd ADR (JKS) estimates and forecasts
Statistics highlight that JinkoSolar Holding Co. Ltd ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -25.35% of value to its shares in past 6 months, showing an annual growth rate of -104.14% while that of industry is -20.60. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -18.61% from the last financial year’s standing.
3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 3.58B for the same. And 3 analysts are in estimates of company making revenue of 3.11B in the next quarter. Company posted 4.62B and 3.19B of sales in current and next quarters respectively a year earlier.
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 42.45% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -92.59% while estimates for its earnings growth in next 5 years are of 36.71%.
JinkoSolar Holding Co. Ltd ADR (NYSE:JKS)’s Major holders
MACKENZIE FINANCIAL CORP is the top institutional holder at JKS for having 2.57 million shares of worth $53.3 million. And as of 2024-06-30, it was holding 4.7633 of the company’s outstanding shares.
The second largest institutional holder is VANGUARD GROUP INC, which was holding about 1.6 million shares on 2024-06-30. The number of shares represents firm’s hold over 2.9646 of outstanding shares, having a total worth of $33.17 million.
On the other hand, Invesco ETF TR II-Invesco Solar ETF and Vanguard International Stock Index-Total Intl Stock Indx are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 1.2 shares of worth $26.53 million or 2.25% of the total outstanding shares. The later fund manager was in possession of 567.92 shares on Jul 31, 2024 , making its stake of worth around $12.6 million in the company or a holder of 1.07% of company’s stock.
