JinkoSolar Holding Co. Ltd ADR (NYSE:JKS)’s traded shares stood at 0.48 million during the last session, with the company’s beta value hitting 0.29. At the close of trading, the stock’s price was $25.28, to imply a decrease of -1.10% or -$0.28 in intraday trading. The JKS share’s 52-week high remains $38.37, putting it -51.78% down since that peak but still an impressive 33.94% since price per share fell to its 52-week low of $16.70. The company has a valuation of $1.30B, with an average of 1.02 million shares in intraday trading volume over the past 10 days and average of 1.84 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for JinkoSolar Holding Co. Ltd ADR (JKS), translating to a mean rating of 3.33. Of 4 analyst(s) looking at the stock, 2 analyst(s) give JKS a Sell rating. 0 of those analysts rate the stock as Overweight while 2 advise Hold as 0 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.01.
JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) trade information
After registering a -1.10% downside in the last session, JinkoSolar Holding Co. Ltd ADR (JKS) has traded red over the past five days. The 5-day price performance for the stock is 5.25%, and 15.80% over 30 days. With these gigs, the year-to-date price performance is -31.56%. Short interest in JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) saw shorts transact 5.32 million shares and set a 3.78 days time to cover.
The extremes give us $20 and $20 for target low and target high price respectively. As such, JKS has been trading 20.89% off suggested target high and 20.89% from its likely low.
JinkoSolar Holding Co. Ltd ADR (JKS) estimates and forecasts
Looking at statistics comparing JinkoSolar Holding Co. Ltd ADR share performance against respective industry, we note that the company has underperformed competitors. JinkoSolar Holding Co. Ltd ADR (JKS) shares are 22.01% up over the last 6 months, with its year-to-date growth rate lower than industry average at -102.37% against -12.80%. The rating firms project that company’s revenue will shrink -19.57% compared to the previous financial year.
Revenue forecast for the current quarter as set by 3 analysts is 3.58B. Meanwhile, for the current quarter, a total of 3 analyst(s) estimate revenue growth to 3.11B.Earnings reports from the last fiscal year show that sales brought in 4.62B and 3.19B respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to fall -22.68% before dropping -2.54% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 42.45% for the past 5-year period. While 2024 is set for a -93.56% return in earnings, projections for the next 5 years are at 36.71% annually.
JKS Dividends
JinkoSolar Holding Co. Ltd ADR has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. JinkoSolar Holding Co. Ltd ADR has a forward dividend ratio of 1.50, with the share yield ticking at 5.93% to continue the rising pattern observed over the past year.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 1.6 million shares, or about 2.9646% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $33.17 million.
