JinkoSolar Holding Co. Ltd. (JKS): Here Are Some Research Recommendations

JinkoSolar Holding Co. Ltd. (NYSE:JKS) finished Wednesday with an addition of $0.89 to close at $52.62, an upside of 1.72 percent. An average of 1,669,640 shares of common stock have been traded in the last five days. There was a gain of $6.78 in the past week. The last 20 days have seen an average of 1,496,985 shares traded, while the 50-day average volume stands at 1,741,094.

JKS stock has increased by 12.48% in the last month. The company shares reached their 1-month lowest point of $41.33 on 09/29/21. With the stock rallying to its 52-week high on 01/27/21, shares of the company touched a low of $28.39 and a high of $90.20 in 52 weeks. In spite of this, the price is down -41.66% from the 52-week high.


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Valuation Metrics

JinkoSolar Holding Co. Ltd. (JKS) has a trailing price-to-earnings (P/E) ratio of 31.10 for the broader industry and 37.24 for the sector. In the last five years, JinkoSolar Holding Co. Ltd.’s PE ratio has ranged between 53.54 and 1.723. The stock’s beta is 0.96. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.47, the price-to-book (PB) ratio at 1.51.

The quick ratio of JinkoSolar Holding Co. Ltd. for the three months ended June 29 was 0.80, and the current ratio was 1.10, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.95 and a total debt to equity ratio of 2.74 for the quarter ending June 29. On the profitability front, the trailing 12-month gross margin is 16.80% against a 5-year average of 15.8%. JinkoSolar Holding Co. Ltd.’s EBITDA margin for the year ending June 29 is 9.16%, while its operating margin for the same period stands at 3.30%. Its gross profit as reported stood at $945.85 million compared to revenue of $5.38 billion.

For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, JinkoSolar Holding Co. Ltd.’s return on assets was -0.20%, compared to 2.2% over the last five years. In the past year, the return on investment has been 4.30%, and the 5-year average is 5.1%. Meanwhile, the return on equity (ROE) for the past 12 months has been -0.80% and the 5-year average holds at 10.9%. For the broader industry, ROE averaged -0.25 over the past year.

Earnings Surprise

For the three-month period that ended June 29, JinkoSolar Holding Co. Ltd. had $87.36 million in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $5.38 billion in the quarter, while revenues of $0.0 were grew 20.64%. The analyst consensus anticipated JinkoSolar Holding Co. Ltd.’s latest quarter earnings to come in at -$0.16 per share, but it turned out to be $0.89, a 656.20% surprise. For the quarter, EBITDA amounted to $55.2 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at JinkoSolar Holding Co. Ltd. (JKS) price momentum. RSI 9-day as of the close on 13 October was 69.45%, suggesting the stock is Neutral, with historical volatility in this time frame at 57.37%.

As of today, JKS’s price is $49.69 +14.79% or $6.78 from its 5-day moving average. JKS is currently trading +8.03% higher than its 20-day SMA and +54.36% higher than its 100-day SMA. However, the stock’s current price level is -7.83% below the SMA50 and -23.58% below the SMA200.

The stochastic %K and %D were 85.52% and 84.13%, respectively, and the average true range (ATR) was 3.20. With the 14-day stochastic at 87.72% and the average true range at 3.29, the RSI (14) stands at 61.95%. The stock has reached 3.68 on the 9-day MACD Oscillator while the 14-day reading was at 5.25.

Analyst Ratings

Jefferies launched coverage on JinkoSolar Holding Co. Ltd. (NYSE: JKS) in its analyst report released on October 11, 2021. The firm assigned the stock a a Buy rating.The consensus rating for JinkoSolar Holding Co. Ltd. (JKS) among analysts is Underweight. According to current brokerage recommendations, 2 brokerage firms advise that investors sell JKS, while 4 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 0 others rate it as a “buy”.

What is JKS’s price target for the next 12 months?

Analysts predict a range of price targets between $59.67 and $517.21, with a median target of $270.83. Taking a look at these predictions, the average price target given by analysts for JinkoSolar Holding Co. Ltd. (JKS) stock is $273.39.

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