A new trading day began on November 17, 2023, with JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) stock priced at $36.42, down -2.47% from the previous day of trading. During the day, the shares moved up to $36.50 and dropped to $33.41 before settling in for the closing price of $35.24. JKS’s price has ranged from $25.15 to $61.27 over the past 52 weeks.
It was noted that within the last five years, the titan of the Technology sector saw sales topped by 29.60%. Meanwhile, its annual earnings per share averaged 501.71%. With a float of $51.33 million, this company’s outstanding shares have now reached $51.57 million.
The extent of productivity of a business whose workforce counts for 46511 workers is very important to gauge. 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 ADR (JKS) 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 JinkoSolar Holding Co. Ltd ADR is 0.48%, while institutional ownership is 39.53%.
JinkoSolar Holding Co. Ltd ADR (JKS) Performance Highlights and Predictions
In its latest quarterly report, released on 9/29/2023, the company reported earnings of $3.31 per share, which was $0.1 higher 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 +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 1.47 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 501.71% 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 23.38% growth over the previous five years of trading.
JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) Trading Performance Indicators
Here are JinkoSolar Holding Co. Ltd ADR’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 0.79. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.11.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 9.61, a number that is poised to hit 2.64 in the next quarter and is forecasted to reach 10.17 in one year’s time.
Technical Analysis of JinkoSolar Holding Co. Ltd ADR (JKS)
The latest stats from [JinkoSolar Holding Co. Ltd ADR, JKS] show that its last 5-days average volume of 1.33 million was superior to 0.87 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 46.69%. Additionally, its Average True Range was 2.07.
During the past 100 days, JinkoSolar Holding Co. Ltd ADR’s (JKS) raw stochastic average was set at 43.25%, which indicates a significant decrease from 51.14% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 69.43% in the past 14 days, which was higher than the 59.07% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $30.52, while its 200-day Moving Average is $41.10. Now, the first resistance to watch is $36.11. This is followed by the second major resistance level at $37.85. The third major resistance level sits at $39.20. If the price goes on to break the first support level at $33.02, it is likely to go to the next support level at $31.67. Assuming the price breaks the second support level, the third support level stands at $29.93.
JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) Key Stats
With a market capitalization of 1.77 billion, the company has a total of 52,308K Shares Outstanding. Currently, annual sales are 12,052 M while annual income is 89,970 K. The company’s previous quarter sales were 4,363 M while its latest quarter income was 181,380 K.