May 23, 2023, JinkoSolar Holding Co. Ltd. (NYSE: JKS) trading session started at the price of $44.10, that was 4.01% jump from the session before. During the day, the shares moved up to $47.125 and dropped to $43.73 before settling in for the closing price of $44.35. A 52-week range for JKS has been $38.43 – $76.92.
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Annual sales at Technology sector company grew by 25.70% over the past five years. When this article was written, the company’s average yearly earnings per share was at -11.70%. With a float of $34.79 million, this company’s outstanding shares have now reached $50.48 million.
Let’s look at the performance matrix of the company that is accounted for 46511 employees. In terms of profitability, gross margin is +14.77, operating margin of +0.97, and the pretax margin is +2.38.
JinkoSolar Holding Co. Ltd. (JKS) Insider and Institutional Ownership
Also, it is sometimes useful to examine the sentiment of large-scale investors toward JinkoSolar Holding Co. Ltd. stocks. The insider ownership of JinkoSolar Holding Co. Ltd. is 1.00%, while institutional ownership is 50.90%.
JinkoSolar Holding Co. Ltd. (JKS) Latest Financial update
Going through the last 3-months fiscal report unveiled on the 3/30/2023, it has been observed that the corporation posted $2.31 earnings per share (EPS) during the time that was better than consensus figure (set at $0.44) by $1.87. This company achieved a net margin of +0.75 while generating a return on equity of 4.51. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.63 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -11.70% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 36.71% during the next five years compared to 23.50% growth over the previous five years of trading.
JinkoSolar Holding Co. Ltd. (NYSE: JKS) Trading Performance Indicators
You can see what JinkoSolar Holding Co. Ltd. (JKS) is doing with its current performance indicators. In the most recent quarter, the stock posted a quick ratio of 0.70. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.18.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.56, a number that is poised to hit 1.67 in the next quarter and is forecasted to reach 7.34 in one year’s time.
Technical Analysis of JinkoSolar Holding Co. Ltd. (JKS)
JinkoSolar Holding Co. Ltd. (NYSE: JKS) saw its 5-day average volume 1.02 million, a positive change from its year-to-date volume of 0.84 million. As of the previous 9 days, the stock’s Stochastic %D was 77.13%. Additionally, its Average True Range was 2.24.
During the past 100 days, JinkoSolar Holding Co. Ltd.’s (JKS) raw stochastic average was set at 31.74%, which indicates a significant decrease from 68.43% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 49.72% in the past 14 days, which was lower than the 60.49% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $47.21, while its 200-day Moving Average is $51.35. Nevertheless, the first resistance level for the watch stands at $47.59 in the near term. At $49.06, the stock is likely to face the second major resistance level. The third major resistance level sits at $50.99. If the price goes on to break the first support level at $44.20, it is likely to go to the next support level at $42.27. The third support level lies at $40.80 if the price breaches the second support level.
JinkoSolar Holding Co. Ltd. (NYSE: JKS) Key Stats
There are 51,034K outstanding shares of the company, which has a market capitalization of 2.35 billion. As of now, sales total 12,052 M while income totals 89,970 K. Its latest quarter income was 3,397 M while its last quarter net income were 114,840 K.
