While JinkoSolar Holding Co. Ltd ADR has underperformed by -3.80%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, JKS fell by -28.36%, with highs and lows ranging from $38.37 to $16.70, whereas the simple moving average jumped by 10.47% in the last 200 days.
On March 21, 2024, ROTH MKM Downgraded JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) to Neutral. A report published by HSBC Securities on February 05, 2024, Downgraded its rating to ‘Hold’ for JKS. Daiwa Securities also Downgraded JKS shares as ‘Neutral’, setting a target price of $25 on the company’s shares in a report dated February 05, 2024. Daiwa Securities Initiated an Outperform rating on January 26, 2024, and assigned a price target of $33.30. ROTH Capital January 11, 2023d its ‘Neutral’ rating to ‘Buy’ for JKS, as published in its report on January 11, 2023. HSBC Securities’s report from September 29, 2022 suggests a price prediction of $76 for JKS shares, giving the stock a ‘Buy’ rating. HSBC Securities also rated the stock as ‘Buy’.
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Analysis of JinkoSolar Holding Co. Ltd ADR (JKS)
With JKS’s current dividend of $1.50 per share, investors can expect to earn a return regardless of performance. Further, the quarter-over-quarter decrease in sales is -22.16%, showing a negative trend in the upcoming months.
JinkoSolar Holding Co. Ltd ADR’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of 2.78% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.92, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and JKS has an average volume of 1.82M. On a monthly basis, the volatility of the stock is set at 6.45%, whereas on a weekly basis, it is put at 5.61%, with a gain of 0.35% over the past seven days. Furthermore, long-term investors anticipate a median target price of $28.50, showing growth from the present price of $25.56, which can serve as yet another indication of whether JKS is worth investing in or should be passed over.
How Do You Analyze JinkoSolar Holding Co. Ltd ADR Shares?
Solar giant JinkoSolar Holding Co. Ltd ADR (JKS) is based in the China and is one of the largest companies in the market. When comparing JinkoSolar Holding Co. Ltd ADR shares with other companies under Technology, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 43.35, there is a growth in quarterly earnings of -98.13%.
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.48%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 29.28% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
JKS shares are owned by institutional investors to the tune of 29.28% at present.
