JinkoSolar Holding Co. Ltd ADR [NYSE: JKS] surged by $1.19 during the normal trading session on while it closed the day at $25.35.
JinkoSolar Holding Co. Ltd ADR stock has also gained 21.00% of its value over the past 7 days. However, JKS stock has inclined by 26.81% in the 3 months of the year. Over the past six months meanwhile, it has gained 0.92% and lost -31.38% year-on date.
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The market cap for JKS stock reached $1.31 billion, with 52.14 million shares outstanding and 51.33 million shares in the current float. Compared to the average trading volume of 1.38M shares, JKS reached a trading volume of 3782352 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here’s what leading stock market gurus have to say 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 $24.15 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 3.33. 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 2.46, with the Price to Sales ratio for JKS stock in the period of the last 12 months amounting to 0.08. The Price to Book ratio for the last quarter was 0.46, with the Price to Cash per share for the same quarter was set at 54.25.
JKS stock trade performance evaluation
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 21.00. With this latest performance, JKS shares dropped by -0.71% in over the last four-week period, additionally plugging by 0.92% over the last 6 months – not to mention a drop of -14.18% 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 56.10, with the RSI for the last a single of trading hit 57.67, and the three-weeks RSI is set at 55.29 for JinkoSolar Holding Co. Ltd ADR [JKS]. The present Moving Average for the last 50 days of trading for this stock 21.45, while it was recorded at 24.46 for the last single week of trading, and 23.63 for the last 200 days.
JinkoSolar Holding Co. Ltd ADR [JKS]: An insightful look at the core fundamentals
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.
Earnings per share (EPS) analysis for JinkoSolar Holding Co. Ltd ADR [JKS] stock
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%.
JinkoSolar Holding Co. Ltd ADR [JKS]: Institutional Ownership
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%.
