Emeren Group Ltd ADR [SOL] stock is trading at $1.47, up 5.76%. 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 SOL shares have lost -2.00% over the last week, with a monthly amount drifted -11.98%, and not seem to be holding up well over a long-time horizon.
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.
Emeren Group Ltd ADR [SOL] stock has fluctuated between $1.37 and $3.00 over the past year. 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 $1.47 at the most recent close of the market. An investor can expect a potential return of 291.16% based on the average SOL price forecast.
Analyzing the SOL fundamentals
Emeren Group Ltd ADR [NYSE:SOL] reported sales of 101.52M for the trailing twelve months, which represents a drop of -7.80%. Gross Profit Margin for this corporation currently stands at 0.22% with Operating Profit Margin at 0.01%, Pretax Profit Margin comes in at -0.03%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.02 and Total Capital is 0.0. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.2.
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 1.3400 points at the first support level, and at 1.2100 for the second support level. However, for the 1st resistance point, the stock is sitting at 1.5600, and for the 2nd resistance point, it is at 1.6500.
Ratios To Look Out For
For context, Emeren Group Ltd ADR’s Current Ratio is 2.76. Further, the Quick Ratio stands at 2.76, while the Cash Ratio is 0.73. Considering the valuation of this stock, the price to sales ratio is 0.76, the price to book ratio is 0.24.
Transactions by insiders
Recent insider trading involved SHAH CAPITAL MANAGEMENT, CHAIRMAN, that happened on Dec 19 ’24 when 12461.0 shares were purchased. CHAIRMAN, SHAH CAPITAL MANAGEMENT completed a deal on Dec 18 ’24 to buy 4392.0 shares. Meanwhile, CHAIRMAN SHAH CAPITAL MANAGEMENT bought 46211.0 shares on Dec 13 ’24.
