JinkoSolar Holding Co. Ltd ADR [NYSE: JKS] gained 9.45% on the last trading session, reaching $32.77 price per share at the time.
If compared to the average trading volume of 825.60K shares, JKS reached a trading volume of 7107036 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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Here is what top equities market gurus are saying about JinkoSolar Holding Co. Ltd ADR [JKS]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for JKS shares is $24.91 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on JKS stock is a recommendation set at 3.17. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
ROTH MKM have made an estimate for JinkoSolar Holding Co. Ltd ADR shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on March 21, 2024. The new note on the price target was released on February 05, 2024, representing the official price target for JinkoSolar Holding Co. Ltd ADR stock. Previously, the target price had yet another raise to $25, while Daiwa Securities analysts kept a Neutral rating on JKS stock.
The Average True Range (ATR) for JinkoSolar Holding Co. Ltd ADR is set at 2.04, with the Price to Sales ratio for JKS stock in the period of the last 12 months amounting to 0.11. The Price to Book ratio for the last quarter was 0.60, with the Price to Cash per share for the same quarter was set at 54.25.
Trading performance analysis for JKS stock
JinkoSolar Holding Co. Ltd ADR [JKS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 22.18. With this latest performance, JKS shares gained by 85.88% in over the last four-week period, additionally plugging by 38.39% over the last 6 months – not to mention a rise of 20.26% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for JKS stock in for the last two-week period is set at 82.41, with the RSI for the last a single of trading hit 87.31, and the three-weeks RSI is set at 77.23 for JinkoSolar Holding Co. Ltd ADR [JKS]. The present Moving Average for the last 50 days of trading for this stock 20.38, while it was recorded at 27.97 for the last single week of trading, and 24.52 for the last 200 days.
JinkoSolar Holding Co. Ltd ADR [JKS]: A deeper dive into fundamental analysis
JinkoSolar Holding Co. Ltd ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.73 and a Current Ratio set at 1.08.
JinkoSolar Holding Co. Ltd ADR [JKS]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, JinkoSolar Holding Co. Ltd ADR posted 3.31/share EPS, while the average EPS was predicted by analysts to be reported at 1.44/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 1.87. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for JKS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for JinkoSolar Holding Co. Ltd ADR go to 36.71%.
An analysis of Institutional ownership at JinkoSolar Holding Co. Ltd ADR [JKS]
The top three institutional holders of JKS stocks are: MACKENZIE FINANCIAL CORP with ownership of 2.57 million shares, which is approximately 4.7633%. VANGUARD GROUP INC, holding 1.6 million shares of the stock with an approximate value of $$33.17 million in JKS stocks shares; and VANGUARD GROUP INC, currently with $$30.51 million in JKS stock with ownership which is approximately 2.7272%.
