At the time of writing, Emeren Group Ltd ADR [SOL] stock is trading at $2.70, up 12.97%. An important factor to consider is whether the stock is rising or falling in short-term value. The SOL shares have gain 15.88% over the last week, with a monthly amount glided 43.62%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Emeren Group Ltd ADR [NYSE: SOL] stock has seen the most recent analyst activity on May 24, 2024, when Northland Capital downgraded its rating to a Under Perform. Previously, Northland Capital downgraded its rating to Market Perform on November 22, 2023, and dropped its price target to $3.20. On September 13, 2022, Northland Capital initiated with a Outperform rating and assigned a price target of $8 on the stock. ROTH Capital upgraded its rating to a Buy and increased its price target to $10 on January 05, 2022. Raymond James upgraded its rating to a Strong Buy but $12.50 remained the price target by the analyst firm on January 04, 2022. Raymond James started tracking with a Outperform rating for this stock on March 09, 2021, and assigned it a price target of $14.50. In a note dated May 02, 2019, Imperial Capital reiterated an Outperform rating on this stock and boosted its target price from $20 to $22.
For the past year, the stock price of Emeren Group Ltd ADR fluctuated between $1.41 and $3.27. Currently, Wall Street analysts expect the stock to reach $5.75 within the next 12 months. Emeren Group Ltd ADR [NYSE: SOL] shares were valued at $2.70 at the most recent close of the market. An investor can expect a potential return of 112.96% based on the average SOL price forecast.
Analyzing the SOL fundamentals
According to Emeren Group Ltd ADR [NYSE:SOL], the company’s sales were 102.61M for trailing twelve months, which represents an -11.19% plunge. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at -0.05%, Pretax Profit Margin comes in at -0.18%, and Net Profit Margin reading is -0.18%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.06 and Total Capital is -0.01. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.1.
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 2.49 points at the first support level, and at 2.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 2.83, and for the 2nd resistance point, it is at 2.96.
Ratios To Look Out For
It is important to note that Emeren Group Ltd ADR [NYSE:SOL] has a current ratio of 2.89. On the other hand, the Quick Ratio is 2.89, and the Cash Ratio is 1.0. Considering the valuation of this stock, the price to sales ratio is 1.39, the price to book ratio is 0.45.
Transactions by insiders
Recent insider trading involved SHAH CAPITAL MANAGEMENT, Chairman, that happened on Sep 20 ’24 when 36083.0 shares were purchased. Chairman, SHAH CAPITAL MANAGEMENT completed a deal on Sep 19 ’24 to buy 14277.0 shares. Meanwhile, Chairman SHAH CAPITAL MANAGEMENT bought 43351.0 shares on Sep 04 ’24.
