On June 27, 2022, JinkoSolar Holding Co. Ltd. (NYSE: JKS) opened at $61.69, higher 10.23% from the last session. During the day, the shares moved up to $68.63 and dropped to $61.66 before settling in for the closing price of $61.57. Price fluctuations for JKS have ranged from $35.41 to $68.85 over the past 52 weeks.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 13.80%. Company’s average yearly earnings per share was noted 172.20% at the time writing. With a float of $44.42 million, this company’s outstanding shares have now reached $48.08 million.
The extent of productivity of a business whose workforce counts for 31030 workers is very important to gauge. In terms of profitability, gross margin is +16.31, operating margin of +3.37, and the pretax margin is +2.67.
JinkoSolar Holding Co. Ltd. (JKS) Insider and Institutional Ownership
A key investor’s attitude towards the stock of the Solar industry is another important factor to consider. The insider ownership of JinkoSolar Holding Co. Ltd. is 1.00%, while institutional ownership is 56.70%.
JinkoSolar Holding Co. Ltd. (JKS) Latest Financial update
If we go through the results of last quarter, which was made public on 3/30/2022, the company posted $0.1 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at $0.36) by -$0.26. This company achieved a net margin of +1.77 while generating a return on equity of 6.86. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.87 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 172.20% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 29.07% during the next five years compared to -11.20% drop over the previous five years of trading.
JinkoSolar Holding Co. Ltd. (NYSE: JKS) Trading Performance Indicators
Check out the current performance indicators for JinkoSolar Holding Co. Ltd. (JKS). In the past quarter, the stock posted a quick ratio of 0.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.48.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 1.56, a number that is poised to hit 0.39 in the next quarter and is forecasted to reach 4.34 in one year’s time.
Technical Analysis of JinkoSolar Holding Co. Ltd. (JKS)
The latest stats from [JinkoSolar Holding Co. Ltd., JKS] show that its last 5-days average volume of 1.35 million was superior to 1.31 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 85.80%. Additionally, its Average True Range was 3.99.
During the past 100 days, JinkoSolar Holding Co. Ltd.’s (JKS) raw stochastic average was set at 97.07%, which indicates a significant increase from 95.29% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 78.39% in the past 14 days, which was lower than the 90.69% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $56.47, while its 200-day Moving Average is $50.60. Now, the first resistance to watch is $70.45. This is followed by the second major resistance level at $73.02. The third major resistance level sits at $77.42. If the price goes on to break the first support level at $63.48, it is likely to go to the next support level at $59.08. The third support level lies at $56.51 if the price breaches the second support level.
JinkoSolar Holding Co. Ltd. (NYSE: JKS) Key Stats
There are currently 48,888K shares outstanding in the company with a market cap of 3.39 billion. Presently, the company’s annual sales total 6,407 M according to its annual income of 113,140 K. Last quarter, the company’s sales amounted to 2,329 M and its income totaled 4,570 K.