Why JinkoSolar Holding Co. Ltd. [JKS] Stock Can Charge Below The $63.07 Level

JinkoSolar Holding Co. Ltd. [JKS] shares are up more than 239.63% this year and recently decreased -0.02% or -$1.53 to settle at $63.07. Analysts expect JKS to grow earnings at a 5.01% annual rate over the next 5 years. JKS has a short ratio of 0.87. This implies that the market is currently less bearish on the outlook for JKS.

On 1, December 2020, JinkoSolar is Sole PV company Given Highest AAA Rating for Credit Quality in the Chinese Market. According to news published on Yahoo Finance, JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it is the sole PV company given the highest AAA rating[1] for credit quality in the Chinese market. This highest rating is the recognition of market quality credit management capabilities and levels of a company, through a comprehensive evaluation of the Company’s credit, quality assurance capabilities, market operation capabilities and other indicators, conducted by the China Association for Quality (CAQ). With this recognition, JinkoSolar sets a new company milestone and benchmark for the rest of the PV industry in terms of user satisfaction and quality management.

Analyst Birdseye View:

The most recent analyst activity for JinkoSolar Holding Co. Ltd. [NYSE:JKS] stock was on September 24, 2020, when it was Upgrade with an Outperform rating from Credit Suisse, which also raised its 12-month price target on the stock to $32. Before that, on October 27, 2020, UBS Recapitulated a Sell rating and elevated its amount target to $55. On June 18, 2019, UBS Downgrade a Neutral rating. On February 04, 2019, ROTH Capital Upgrade a Buy rating. On December 19, 2018, Williams Capital Group Initiated a Sell rating. On August 14, 2018, Citigroup Upgrade a Neutral rating. On June 04, 2018, ROTH Capital Downgrade a Sell rating. On January 09, 2018, Goldman Initiated a Sell rating and improved its amount target to $16.

In the past 52 weeks of trading, this stock has oscillated between a low of $11.42 and a peak of $90.20. Right now, according to Wall Street analyst the average 12-month amount target is $38.70. At the most recent market close, shares of JinkoSolar Holding Co. Ltd. [NYSE:JKS] were valued at $63.07. According to the average price forecast, investors can expect a potential return of -7.57%.

FUNDAMENTAL ANALYSIS

JinkoSolar Holding Co. Ltd. [NYSE:JKS] most recently reported quarterly sales of 1.19 billion, which represented growth of 22.20%. This publicly-traded organization’s revenue is $283,311 per employee, while its income is $8,559 per employee. This company’s Gross Margin is currently 19.10%, its Operating Margin is 7.10%, its Pretax Margin is +4.21, and its Net Margin is +3.02. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 2.15, 10.50, 6.32 and 7.86 respectively.

If looking now at the Principal structure of this organization, it shows its whole liability to the whole Principal at 68.26 and the whole liability to whole assets at 41.82. It shows enduring liability to the whole principal at 10.84 and enduring liability to assets at 0.07 while looking for an extended time period.

Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 60.17 points at 1st support level, the second support level is making up to 57.28. But as of 1st resistance point, this stock is sitting at 65.40 and at 67.74 for 2nd resistance point.

JinkoSolar Holding Co. Ltd. [JKS] reported its earnings at $1.2 per share in the fiscal quarter closing of 6/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.61/share signifying the difference of 0.59 and 96.70% surprise value. Comparing the previous quarter ending of 3/30/2020, the stated earnings were $0.65 calling estimates for $1/share with the difference of -0.35 depicting the surprise of -35.00%.

Important Ratio’s To Watch

Meanwhile, turning our focus to liquidity, the Current Ratio for JinkoSolar Holding Co. Ltd. [NYSE:JKS] is 1.00. Likewise, the Quick ratio is also the same, showing Cash ratio at 0.42. Now if looking for a valuation of this stock’s amount to sales ratio it’s 0.22, it’s amount to book ratio is 0.75 and showing 14.89 of P/E (TTM) ratio.