JinkoSolar Holding Co. Ltd ADR (JKS) kicked off at the price of $23.91: Venture capitalists have an exciting new opportunity

On Tuesday, JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) opened lower -5.12% from the last session, before settling in for the closing price of $25.20. Price fluctuations for JKS have ranged from $22.06 to $51.44 over the past 52 weeks.

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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 37.41%. Company’s average yearly earnings per share was noted -55.79% at the time writing. With a float of $51.89 million, this company’s outstanding shares have now reached $52.14 million.

JinkoSolar Holding Co. Ltd ADR (JKS) Breakdown of a Key Holders of the stock

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 ADR is 0.48%, while institutional ownership is 37.57%.

JinkoSolar Holding Co. Ltd ADR (JKS) Recent Fiscal highlights

If we go through the results of last quarter, which was made public on 12/30/2023, the company posted $1.21 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at $2.5) by -$1.29. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.74 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around -55.79% 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 42.45% growth over the previous five years of trading.

JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) Trading Performance Indicators

Check out the current performance indicators for JinkoSolar Holding Co. Ltd ADR (JKS). In the past quarter, the stock posted a quick ratio of 0.76. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 0.07.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 8.86, a number that is poised to hit 0.21 in the next quarter and is forecasted to reach 7.02 in one year’s time.

Technical Analysis of JinkoSolar Holding Co. Ltd ADR (JKS)

Compared to the last year’s volume of 0.94 million, its volume of 0.79 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 58.76%. Additionally, its Average True Range was 1.34.

During the past 100 days, JinkoSolar Holding Co. Ltd ADR’s (JKS) raw stochastic average was set at 11.15%, which indicates a significant decrease from 26.32% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 65.56% in the past 14 days, which was higher than the 55.27% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $26.41, while its 200-day Moving Average is $32.51. Nevertheless, the first resistance level for the watch stands at $24.52 in the near term. At $25.13, the stock is likely to face the second major resistance level. The third major resistance level sits at $25.58. If the price goes on to break the first support level at $23.46, it is likely to go to the next support level at $23.01. Now, if the price goes above the second support level, the third support stands at $22.40.

JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) Key Stats

There are currently 51,572K shares outstanding in the company with a market cap of 1.25 billion. Presently, the company’s annual sales total 16,716 M according to its annual income of 485,560 K. Last quarter, the company’s sales amounted to 4,624 M and its income totaled 4,130 K.