The stock of JinkoSolar Holding Co. Ltd. (NYSE:JKS) decreased by -$0.24 on Friday to finish at $30.40, down -0.78 percent. The last five days have seen an average of 986,720 shares of common stock traded. 5 times new highs were reached in the current year, with a fall of -$10.48. The average number of shares traded over the last 20 days was 919,165, while the average volume over the last 50 days totaled 810,848.
JKS stock dropped -26.07% since last month. On 08/25/23, the company’s shares reached a one-month low of $30.01. The stock touched a high of $64.66 on 01/11/23, after rallying from a low of $30.10 in 52 weeks. The price of JKS stock has declined by -25.64% or -$10.48 this year, reaching a new high 5 times. Still, the stock price is down -52.98% from the 52-week high.
Valuation Metrics
JinkoSolar Holding Co. Ltd. (JKS) has a trailing price-to-earnings (P/E) ratio of 3.63. Beta for the stock is 0.91. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 0.11, the price-to-book (PB) ratio of 0.58.
Financial Health
For the three months ended June 30, JinkoSolar Holding Co. Ltd.’s quick ratio was 0.80, while its current ratio was 1.10, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 30 is 0.96, and the total debt to equity ratio is 2.94. As far as profitability goes, gross margin for the trailing twelve months is 15.60% percent. JinkoSolar Holding Co. Ltd.’s EBITDA margin for the year ended June 30 was 4.25%, whereas its operating margin stood at 3.30% for the same period. Based on annual data, it had gross profit of $1.78 billion and revenue of $12.05 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. JKS’s return on assets (ROA) during the last 12 months has been 2.90%. There was a -0.30% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 19.20%.
Earnings Surprise
According to JinkoSolar Holding Co. Ltd.’s quarterly financial report for the quarter that ended June 30. A higher net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.79 billion, while revenues fell by -257.95% to $0.0. It was predicted that JinkoSolar Holding Co. Ltd.’s quarterly earnings would be $3.52, but it ended up being $1.65, beating the consensus by 113.30%. EBITDA was $212.13 million for the quarter. At the end of JinkoSolar Holding Co. Ltd.’s most recent quarter ended June 30, its liabilities totaled 12.91 billion, while its total debt was $56.74 billion.
Technical Picture
Here’s a quick look at JinkoSolar Holding Co. Ltd.’s (JKS) price momentum from a technical perspective. As of 25 August, the RSI 9-day stood at 14.90%, suggesting the stock is oversold, with a 26.63% historical volatility rate.
The stochastic %K and %D were 3.94% and 7.20% respectively, while the average true range (ATR) was 1.78. Based on the 14-day stochastic reading of 4.73%, the RSI (14) reading is 20.57%. On the 9-day MACD Oscillator, the stock is at -1.90, and the 14-day reading is at -3.29.
Analyst Ratings
In its most recent analyst report, ROTH Capital raised its rating on JinkoSolar Holding Co. Ltd. (NYSE: JKS) to a Buy. Prior to this, analysts firm rated the stock as a Neutral. Analysts have assigned JinkoSolar Holding Co. Ltd. (JKS) an Overweight rating. JKS is a stock that is recommended for selling by 2 brokerage firms, while 1 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 4 others recommend it as a buy.
What is JKS’s price target for the next 12 months?
The current consensus forecast for the stock is between $138.56 and $558.50, with a median target price of $378.62. In analyzing these forecasts, the average price target given by analysts for JinkoSolar Holding Co. Ltd. (JKS) is $362.27.
