A share price of JinkoSolar Holding Co. Ltd ADR [JKS] is currently trading at $23.17, up 1.27%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The JKS shares have gain 6.82% over the last week, with a monthly amount glided 4.51%, and seem to be holding up well over a long-time horizon.
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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.
JinkoSolar Holding Co. Ltd ADR experienced fluctuations in its stock price throughout the past year between $21.06 and $50.46. 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 $23.17 at the most recent close of the market. An investor can expect a potential return of 117.95% based on the average JKS price forecast.
Analyzing the JKS fundamentals
Trailing Twelve Months sales for JinkoSolar Holding Co. Ltd ADR [NYSE:JKS] were 16.72B which represents 6.30% growth. Gross Profit Margin for this corporation currently stands at 0.16% with Operating Profit Margin at 0.06%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.03%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.18 and Total Capital is 0.12. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of2.81.
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 22.74 points at the first support level, and at 22.31 for the second support level. However, for the 1st resistance point, the stock is sitting at 23.46, and for the 2nd resistance point, it is at 23.75.
JinkoSolar Holding Co. Ltd ADR [JKS] reported earnings per share of $1.21 for its fiscal quarter that ended on 12/31/2023. 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 9/30/2023 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
To put it in perspective, the Current Ratio for JinkoSolar Holding Co. Ltd ADR [NYSE:JKS] is 1.04. Further, the Quick Ratio stands at 0.76, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 0.07, the price to book ratio is 0.43 and price to earnings (TTM) ratio is 2.61.
