A share price of JinkoSolar Holding Co. Ltd. [JKS] is currently trading at $47.75, down -0.04%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The JKS shares have gain 3.92% over the last week, with a monthly amount drifted -8.35%, and not seem to be holding up well over a long-time horizon.
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On 10, March 2023, JinkoSolar Announces Fourth Quarter and Full Year 2022 Financial Results. In a post published today 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 its unaudited financial results for the fourth quarter and full year ended December 31, 2022.
From an analyst’s perspective:
JinkoSolar Holding Co. Ltd. [NYSE: JKS] stock has seen the most recent analyst activity on January 11, 2023, when ROTH Capital upgraded its rating to a Buy and also boosted its price target to $70 from $50. Previously, HSBC Securities started tracking the stock with Buy rating on September 29, 2022, and set its price target to $76. On September 28, 2022, HSBC Securities initiated with a Buy rating and assigned a price target of $76 on the stock. CIBC upgraded its rating to a Sector Outperform but stick to its price target of $66.10 on December 02, 2021. Jefferies initiated its recommendation with a Buy and recommended $80.20 as its price target on October 11, 2021. UBS upgraded its rating to Neutral for this stock on April 16, 2021, but kept the price target unchanged to $41. In a note dated April 12, 2021, ROTH Capital downgraded an Neutral rating on this stock but restated the target price of $38.
JinkoSolar Holding Co. Ltd. experienced fluctuations in its stock price throughout the past year between $38.43 and $76.92. JinkoSolar Holding Co. Ltd. [NYSE: JKS] shares were valued at $47.75 at the most recent close of the market.
Analyzing the JKS fundamentals
Gross Margin for this corporation currently stands at +14.78% with Operating Margin at +1.00%, Pretax Margin comes in at +2.40%, and Net Margin reading is +0.80%. To continue investigating profitability, this company’s Return on Assets is posted at 0.73, Equity is 4.83, Total Capital is 1.31, and Invested Capital is 2.43. An extended look at the Principal structure reveals enduring liabilities to the total capital of 74.47 and enduring liabilities to assets of 43.96.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 46.57 points at the first support level, and at 45.39 for the second support level. However, for the 1st resistance point, the stock is sitting at 49.50, and for the 2nd resistance point, it is at 51.25.
JinkoSolar Holding Co. Ltd. [JKS] reported earnings per share of $0.91 for its fiscal quarter that ended on 9/29/2022. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.71/share, meaning a difference of $0.2 and a surprise factor of 28.20%. By comparison, the stated earnings for the previous quarter ended on 6/29/2022 were -$1.11 per share as compared to estimates of $0.58 per share, a difference of -$1.69 representing a surprise of -291.40%.
Ratios To Look Out For
A current ratio of 1.10 is a noteworthy aspect of JinkoSolar Holding Co. Ltd. [NYSE:JKS]. As well, the Quick Ratio is 0.75, while the Cash Ratio is 0.32. Considering the valuation of this stock, the price to sales ratio is 0.17, the price to book ratio is 0.87 and the P/E (TTM) ratio is 29.86.