JinkoSolar Holding Co. Ltd ADR (JKS) Volatility Spurs A Quest For Clarity

Currently, there are 52.14M common shares owned by the public and among those 51.33M shares have been available to trade.

The company’s stock has a 5-day price change of -5.89% and -9.41% over the past three months. JKS shares are trading -35.14% year to date (YTD), with the 12-month market performance down to -49.44% lower. It has a 12-month low price of $21.06 and touched a high of $46.47 over the same period. JKS has an average intraday trading volume of 880.12K shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -9.88%, -4.73%, and -16.10% respectively.

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Institutional ownership of JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) shares accounts for 32.52% of the company’s 52.14M shares outstanding.

It has a market capitalization of $1.24B and a beta (3y monthly) value of 0.37. The stock’s trailing 12-month PE ratio is 3.23, while the earnings-per-share (ttm) stands at $7.42. The company has a PEG of 0.09 and a Quick Ratio of 0.72 with the debt-to-equity ratio at 2.55. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.95% over the week and 5.06% over the month.

Earnings per share for the fiscal year are expected to decrease by -66.83%, and 83.90% over the next financial year. EPS should shrink at an annualized rate of 36.71% over the next five years, compared to 42.45% over the past 5-year period.

Looking at the support for the JKS, a number of firms have released research notes about the stock. ROTH MKM stated their Neutral rating for the stock in a research note on March 21, 2024, with the firm’s price target at $50-$25. Daiwa Securities was of a view on February 05, 2024 that the stock is Neutral, while Daiwa Securities gave the stock Outperform rating on January 26, 2024, issuing a price target of $33.30. ROTH Capital on their part issued Buy rating on January 11, 2023.

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