During the last session, JinkoSolar Holding Co. Ltd ADR (NYSE:JKS)’s traded shares were 0.76 million, with the beta value of the company hitting 0.29. At the end of the trading day, the stock’s price was $27.91, reflecting an intraday gain of 0.76% or $0.21. The 52-week high for the JKS share is $38.37, that puts it down -37.48 from that peak though still a striking 40.16% gain since the share price plummeted to a 52-week low of $16.70. The company’s market capitalization is $1.44B, and the average intraday trading volume over the past 10 days was 1.65 million shares, and the average trade volume was 1.75 million 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 3.33. 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 -0.01.
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JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) trade information
JinkoSolar Holding Co. Ltd ADR (JKS) registered a 0.76% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 0.76% in intraday trading to $27.91, hitting a weekly high. The stock’s 5-day price performance is 3.95%, and it has moved by 29.45% in 30 days. Based on these gigs, the overall price performance for the year is -13.22%. The short interest in JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) is 5.32 million shares and it means that shorts have 3.78 day(s) to cover.
The consensus price target of analysts on Wall Street is $20, which implies a decrease of -39.55% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $20 and $20 respectively. As a result, JKS is trading at a premium of 28.34% off the target high and 28.34% 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 up 18.21% during the last six months, with a year-to-date growth rate less than the industry average at -102.37% against -12.60. In the rating firms’ projections, revenue will decrease -19.57% 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 3.58B as predicted by 3 analyst(s). Meanwhile, a consensus of 3 analyst(s) estimates revenue growth to 3.11B by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 4.62B and 3.19B respectively. In this case, analysts expect current quarter sales to shrink by -22.68% and then drop by -2.54% in the coming quarter.
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 -93.59% 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 in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance. Investors should also take the other fundamental and operational aspects into account before investing in the stock. The forward dividend ratio for JinkoSolar Holding Co. Ltd ADR is 1.50, with the dividend yield indicating at 5.37 percent, continuing the trend of increasing dividends in recent years.
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.
