JinkoSolar Holding Co. Ltd ADR [JKS] stock prices are up 8.11% to $25.60 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The JKS shares have gain 7.07% over the last week, with a monthly amount drifted -9.16%, and not seem to be holding up well over a long-time horizon.
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On 2, April 2024, JinkoSolar Receives Top Brand PV Award USA 2024. In a post published today on Yahoo Finance, JinkoSolar Holding Co., Ltd. (the “Company,” or “JinkoSolar”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that it was awarded the Top Brand PV USA seal by EUPD Research.
From an analyst’s perspective:
JinkoSolar Holding Co. Ltd ADR [NYSE: JKS] stock has seen the most recent analyst activity on March 21, 2024, when ROTH MKM downgraded its rating to a Neutral and also revised its price target to $25 from $50. Previously, HSBC Securities downgraded its rating to Hold on February 05, 2024. On February 05, 2024, downgrade downgraded it’s rating to Neutral but maintained its price target of $25 on the stock. Daiwa Securities started tracking the stock assigning a Outperform rating and suggested a price target of $33.30 on January 26, 2024. ROTH Capital upgraded its rating to a Buy and raised its price target to $70 on January 11, 2023. HSBC Securities started tracking with a Buy rating for this stock on September 29, 2022, and assigned it a price target of $76. In a note dated September 28, 2022, HSBC Securities initiated an Buy rating and provided a target price of $76 on this stock.
The stock price of JinkoSolar Holding Co. Ltd ADR [JKS] has been fluctuating between $22.06 and $51.35 over the past year. Currently, Wall Street analysts expect the stock to reach $50.5 within the next 12 months. JinkoSolar Holding Co. Ltd ADR [NYSE: JKS] shares were valued at $25.60 at the most recent close of the market. An investor can expect a potential return of 97.27% based on the average JKS price forecast.
Analyzing the JKS fundamentals
The JinkoSolar Holding Co. Ltd ADR [NYSE:JKS] reported sales of 16.72B for trailing twelve months, representing a surge of 6.30%. Gross Profit Margin for this corporation currently stands at 0.17% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.22 and Total Capital is 0.13. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.67.
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 24.38 points at the first support level, and at 23.16 for the second support level. However, for the 1st resistance point, the stock is sitting at 26.21, and for the 2nd resistance point, it is at 26.82.
JinkoSolar Holding Co. Ltd ADR [JKS] reported earnings per share of $1.21 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.5/share, meaning a difference of -$1.29 and a surprise factor of -51.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $3.31 per share as compared to estimates of $1.44 per share, a difference of $1.87 representing a surprise of 129.90%.
Ratios To Look Out For
It’s worth pointing out that JinkoSolar Holding Co. Ltd ADR [NYSE:JKS]’s Current Ratio is 1.04. On the other hand, the Quick Ratio is 0.76, and the Cash Ratio is 0.18. Considering the valuation of this stock, the price to sales ratio is 0.08, the price to book ratio is 0.47 and price to earnings (TTM) ratio is 2.89.
