In the latest trading session, 1.57 million JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) shares changed hands as the company’s beta touched 0.30. With the company’s most recent per share price at $27.18 changing hands around $2.48 or 10.04% at last look, the market valuation stands at $1.40B. JKS’s current price is a discount, trading about -41.17% off its 52-week high of $38.37. The share price had its 52-week low at $16.70, which suggests the last value was 38.56% up since then. When we look at JinkoSolar Holding Co. Ltd ADR’s average trading volume, we note the 10-day average is 0.9 million shares, with the 3-month average coming to 1.63 million.
Analysts gave the JinkoSolar Holding Co. Ltd ADR (JKS) stock a consensus recommendation rating of Hold, calculated at a mean rating of 3.33. If we narrow down to specifics, the data shows that 2 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended JKS as a Hold, 0 felt it is a Buy and 0 rated the stock as Underweight. JinkoSolar Holding Co. Ltd ADR’s EPS for the current quarter is expected to be -0.01.
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JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) trade information
Instantly JKS is in green as seen in intraday trades today. With action 20.75%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -26.42%, with the 5-day performance at 20.75% in the green. However, in the 30-day time frame, JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) is -0.69% down. Looking at the short shares, we see there were 5.11 million shares sold at short interest cover period of 2.5 days.
The consensus price target for the stock as assigned by Wall Street analysts is 20, meaning bulls need a downside of -35.9% from its recent market value. According to analyst projections, JKS’s forecast low is 20 with 30 as the target high. To hit the forecast high, the stock’s price needs a -10.38% plunge from its current level, while the stock would need to tank 26.42% for it to hit the projected low.
JinkoSolar Holding Co. Ltd ADR (JKS) estimates and forecasts
Data shows that the JinkoSolar Holding Co. Ltd ADR share is performing relatively much not better than most of its peers within the same industry. As can be gleaned from the statistics, the company’s share value shot -0.77% over the past 6 months, a -104.14% in annual growth rate that is considerably lower than the industry average of -21.00%. Year-over-year growth is forecast to reach -18.61% down from the last financial year.
Consensus estimates given by 3 financial analysts project the company’s revenue in the current quarter to hit an average of 3.58B. 3 analysts are of the opinion that JinkoSolar Holding Co. Ltd ADR’s revenue for the current quarter will be 3.11B. The company’s revenue for the corresponding quarters a year ago was 4.62B and 3.19B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -22.68%. The estimates for the next quarter sales put growth at -2.54%.
Looking at the company’s year-on-year earnings, data shows that the past 5-year has an earnings growth rate of 42.45%. The 2024 estimates are for JinkoSolar Holding Co. Ltd ADR earnings to decrease by -92.56%, but the outlook for the next 5-year period is at 36.71% per year.
JKS Dividends
JinkoSolar Holding Co. Ltd ADR is expected to release its next quarterly earnings report in January. The 5.52% annual yield figure for the share gives it an annual dividend of 1.50. It is important to note, however, that the 5.52% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision.
JinkoSolar Holding Co. Ltd ADR (NYSE:JKS)’s Major holders
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 2.9646% or 1.6 million shares worth $33.17 million as of 2024-06-30.
Among Mutual Funds, the top two as of Sep 30, 2024 were Invesco ETF TR II-Invesco Solar ETF and Vanguard International Stock Index-Total Intl Stock Indx. With 1.2 shares estimated at $32.36 million under it, the former controlled 2.25% of total outstanding shares. On the other hand, Vanguard International Stock Index-Total Intl Stock Indx held about 1.07% of the shares, roughly 567.92 shares worth around $15.37 million.
