At the time of writing, JinkoSolar Holding Co. Ltd ADR [JKS] stock is trading at $29.94, up 14.76%. 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 29.00% over the last week, with a monthly amount glided 66.80%, 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.
For the past year, the stock price of JinkoSolar Holding Co. Ltd ADR fluctuated between $16.70 and $38.65. Currently, Wall Street analysts expect the stock to reach $25 within the next 12 months. JinkoSolar Holding Co. Ltd ADR [NYSE: JKS] shares were valued at $29.94 at the most recent close of the market. An investor can expect a potential drop of -16.5% based on the average JKS price forecast.
Analyzing the JKS fundamentals
According to JinkoSolar Holding Co. Ltd ADR [NYSE:JKS], the company’s sales were 15.46B for trailing twelve months, which represents an -24.02% plunge. Gross Profit Margin for this corporation currently stands at 0.14% with Operating Profit Margin at 0.02%, Pretax Profit Margin comes in at 0.04%, and Net Profit Margin reading is 0.02%. To continue investigating profitability, this company’s Return on Assets is posted at 0.01, Equity is 0.09 and Total Capital is 0.03. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 2.31.
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 27.37 points at the first support level, and at 24.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.31, and for the 2nd resistance point, it is at 32.68.
Ratios To Look Out For
It is important to note that JinkoSolar Holding Co. Ltd ADR [NYSE:JKS] has a current ratio of 1.08. Further, the Quick Ratio stands at 0.73, while the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 0.10, the price to book ratio is 0.54 and price to earnings (TTM) ratio is 7.88.
Transactions by insiders
Recent insider trading involved HY Vision Cloud Holdings Limit, Director, that happened on Sep 30 ’24 when 20000.0 shares were purchased.
