As on Wednesday, Emeren Group Ltd ADR (NYSE: SOL) got off with the flyer as it spiked 8.88% to $1.84, before settling in for the price of $1.69 at the close. Taking a more long-term approach, SOL posted a 52-week range of $1.54-$4.28.
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The Technology Sector giants’ yearly sales growth during the last 5-year period was 8.14%. Nevertheless, stock’s Earnings Per Share (EPS) this year is 334.38%. This publicly-traded company’s shares outstanding now amounts to $60.27 million, simultaneously with a float of $60.21 million. The organization now has a market capitalization sitting at $110.90 million. At the time of writing, stock’s 50-day Moving Average stood at $2.0126, while the 200-day Moving Average is $2.6297.
Emeren Group Ltd ADR (SOL) Ownership Facts and Figures
Another important factor to analyze is how key investors are playing towards the stock of the Solar industry. Emeren Group Ltd ADR’s current insider ownership accounts for 0.11%, in contrast to 44.15% institutional ownership. According to the most recent insider trade that took place on Dec 12 ’23, this organization’s Chairman bought 343,913 shares at the rate of 2.33, making the entire transaction reach 801,317 in total value, affecting insider ownership by 18,639,226. Preceding that transaction, on Dec 11 ’23, Company’s Chairman bought 252,205 for 2.40, making the whole transaction’s value amount to 605,292. This particular insider is now the holder of 18,295,313 in total.
Emeren Group Ltd ADR (SOL) Earnings and Revenue Records
If we go through the results of last quarter, which was made public on 12/31/2023, the company posted 0 earnings per share (EPS) for the quarter, coming under the agreed prediction (set at 0.04) by -0.04. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.08 per share during the current fiscal year.
Emeren Group Ltd ADR’s EPS increase for this current 12-month fiscal period is 334.38% and is forecasted to reach 0.64 in the upcoming year.
Emeren Group Ltd ADR (NYSE: SOL) Trading Performance Indicators
Let’s observe the current performance indicators for Emeren Group Ltd ADR (SOL). It’s Quick Ratio in the last reported quarter now stands at 4.33. The Stock has managed to achieve an average true range (ATR) of 0.15. Another valuable indicator worth pondering is a publicly-traded company’s price to sales ratio for trailing twelve months, which is currently 1.06.
In the same vein, SOL’s Diluted EPS (Earnings per Share) trailing twelve months is recorded -1.49, a figure that is expected to reach 0.00 in the next quarter, and analysts are predicting that it will be 0.64 at the market close of one year from today.
Technical Analysis of Emeren Group Ltd ADR (SOL)
Through scrutinizing the latest numbers posted by the [Emeren Group Ltd ADR, SOL], it can be observed that its last 5-days Average volume of 0.47 million was lower the volume of 0.56 million, it posted the year before. During the previous 9 days, stock’s Stochastic %D was recorded 21.04% While, its Average True Range was 0.1476.
Raw Stochastic average of Emeren Group Ltd ADR (SOL) in the period of the previous 100 days is set at 20.99%, which indicates a major fall in contrast to 36.23% during the last 2-weeks. If we go through the volatility metrics of the stock, In the past 14-days, Company’s historic volatility was 76.40% that was lower than 83.61% volatility it exhibited in the past 100-days period.
