A new trading day began on May 22, 2023, with Emeren Group Ltd (NYSE: SOL) stock priced at $3.52, up 3.70% from the previous day of trading. During the day, the shares moved up to $3.705 and dropped to $3.47 before settling in for the closing price of $3.51. SOL’s price has ranged from $3.48 to $7.50 over the past 52 weeks.
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Annual sales at Technology sector company slipped by -9.90% over the past five years. Meanwhile, its annual earnings per share averaged 300.00%. With a float of $57.23 million, this company’s outstanding shares have now reached $57.28 million.
Let’s look at the performance matrix of the company that is accounted for 164 employees. In terms of profitability, gross margin is +25.02, operating margin of -3.73, and the pretax margin is -4.29.
Emeren Group Ltd (SOL) Insider Updates
As we move forward, let’s examine how large-scale investors are investing in this stock of the Solar Industry. The insider ownership of Emeren Group Ltd is 0.08%, while institutional ownership is 44.60%. The most recent insider transaction that took place on Dec 28, was worth 378,490. In this transaction CFO of this company bought 92,090 shares at a rate of $4.11, taking the stock ownership to the 14,015,003 shares. Before that another transaction happened on Dec 15, when Company’s CFO bought 112,809 for $4.40, making the entire transaction worth $496,360. This insider now owns 13,922,913 shares in total.
Emeren Group Ltd (SOL) Performance Highlights and Predictions
In its latest quarterly report, released on 12/30/2022, the company reported earnings of $0.05 per share, which was $0.1 lower than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). This company achieved a net margin of -7.62 while generating a return on equity of -1.24. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.1 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 300.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 15.00% during the next five years compared to -13.36% drop over the previous five years of trading.
Emeren Group Ltd (NYSE: SOL) Trading Performance Indicators
Here are Emeren Group Ltd’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 5.30. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 3.84.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.01, a number that is poised to hit 0.02 in the next quarter and is forecasted to reach 0.53 in one year’s time.
Technical Analysis of Emeren Group Ltd (SOL)
Emeren Group Ltd (NYSE: SOL) saw its 5-day average volume 0.52 million, a positive change from its year-to-date volume of 0.36 million. As of the previous 9 days, the stock’s Stochastic %D was 15.43%. Additionally, its Average True Range was 0.16.
During the past 100 days, Emeren Group Ltd’s (SOL) raw stochastic average was set at 7.98%, which indicates a significant decrease from 26.56% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 39.45% in the past 14 days, which was lower than the 44.33% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $4.08, while its 200-day Moving Average is $4.81. Nevertheless, the first resistance level for the watch stands at $3.74 in the near term. At $3.84, the stock is likely to face the second major resistance level. The third major resistance level sits at $3.97. If the price goes on to break the first support level at $3.51, it is likely to go to the next support level at $3.37. Assuming the price breaks the second support level, the third support level stands at $3.27.
Emeren Group Ltd (NYSE: SOL) Key Stats
With a market capitalization of 243.70 million, the company has a total of 60,225K Shares Outstanding. Currently, annual sales are 81,410 K while annual income is 5,900 K. The company’s previous quarter sales were 40,800 K while its latest quarter income was 4,840 K.
