ReneSola Ltd (NYSE: SOL) started the day on April 06, 2021, with a price increase of 5.19% at $11.35. During the day, the stock rose to $12.2398 and sunk to $10.74 before settling in for the price of $10.79 at the close. Taking a more long-term approach, SOL posted a 52-week range of $0.91-$35.77.
It was noted that the giant of the Technology sector posted annual sales growth of -40.20% over the last 5 years. Meanwhile, its Annual Earning per share during the time was -5.70%. Nevertheless, stock’s Earnings Per Share (EPS) this year is -33.30%. This publicly-traded company’s shares outstanding now amounts to $69.58 million, simultaneously with a float of $25.98 million. The organization now has a market capitalization sitting at $851.93 million. At the time of writing, stock’s 50-day Moving Average stood at $16.73, while the 200-day Moving Average is $8.07.
It is quite fundamental to gauge the extent of the productivity of the business which is accounted for 159 workers. It has generated 750,453 per worker during the last fiscal year. Meanwhile, its income per employee was -55,638. The stock had 3.47 Receivables turnover and 0.34 Total Asset turnover. For the Profitability, stocks gross margin was +28.73, operating margin was +14.87 and Pretax Margin of -8.88.
ReneSola Ltd (SOL) Ownership Facts and Figures
Now let’s turn our focus to how large-scale investors are working with this stock of the Solar Industry. According to the most recent insider trade that took place on Dec 31, this organization’s CFO sold 26,000 shares at the rate of 11.90, making the entire transaction reach 309,400 in total value, affecting insider ownership by 11,160,000. Preceding that transaction, on Dec 30, Company’s CFO sold 360,427 for 12.68, making the whole transaction’s value amount to 4,571,752. This particular insider is now the holder of 454,020 in total.
ReneSola Ltd (SOL) Earnings and Revenue Records
In the latest quarterly report released, which was put into the public domain on 12/30/2020, the organization reported $0.18 earnings per share (EPS) for the three months, surpassing the consensus estimate (set at -$0.01) by $0.19. This company achieved a net margin of -7.41 while generating a return on equity of -9.54. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.04 per share during the current fiscal year.
ReneSola Ltd’s EPS decrease for this current 12-month fiscal period is -33.30% and is forecasted to reach 0.37 in the upcoming year. Considering the longer run, market analysts have predicted that Company’s EPS will increase by 15.00% through the next 5 years, which can be compared against the -5.70% growth it accomplished over the previous five years trading on the market.
ReneSola Ltd (NYSE: SOL) Trading Performance Indicators
Let’s observe the current performance indicators for ReneSola Ltd (SOL). It’s Quick Ratio in the last reported quarter now stands at 1.00. The Stock has managed to achieve an average true range (ATR) of 1.79. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 10.19.
In the same vein, SOL’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -0.07, a figure that is expected to reach -0.02 in the next quarter, and analysts are predicting that it will be 0.37 at the market close of one year from today.
Technical Analysis of ReneSola Ltd (SOL)
If we take a close look at the recent performances of ReneSola Ltd (NYSE: SOL), its last 5-days Average volume was 4.04 million that shows plunge from its year to date volume of 4.37 million. During the previous 9 days, stock’s Stochastic %D was recorded 40.21% While, its Average True Range was 1.65.
Raw Stochastic average of ReneSola Ltd (SOL) in the period of the previous 100 days is set at 24.90%, which indicates a major fall in contrast to 35.68% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 122.68% that was lower than 177.48% volatility it exhibited in the past 100-days period.