JinkoSolar Holding Co. Ltd. (NYSE:JKS) went down by -0.35% from its latest closing price compared to the recent 1-year high of $90.20. The company’s stock price has collected -6.64% of loss in the last five trading sessions. Press Release reported on 11/06/20 that JinkoSolar Signs Long-term Purchase Agreement with Tongwei for nearly 100,000 Metric Tons of Polycrystalline Silicon
Is It Worth Investing in JinkoSolar Holding Co. Ltd. (NYSE :JKS) Right Now?
JinkoSolar Holding Co. Ltd. (NYSE:JKS) scored a price-to-earnings ratio above its average ratio, recording 14.06 x from its present earnings ratio. Plus, the 36-month beta value for JKS is at 1.05. Opinions of the stock are interesting as 2 analysts out of 6 who provided ratings for JinkoSolar Holding Co. Ltd. declared the stock was a “buy,” while 0 rated the stock as “overweight,” 1 rated it as “hold,” and 3 as “sell.”
The average price from analysts is $38.70, which is -$22.12 below the current price. JKS currently public float of 41.99M and currently shorts hold a 16.01% ratio of that float. Today, the average trading volume of JKS was 7.41M shares.
JKS’s Market Performance
JKS stocks went down by -6.64% for the week, with a monthly drop of -13.67% and a quarterly performance of 175.23%, while its annual performance rate touched 240.21%. The volatility ratio for the week stands at 6.78% while the volatility levels for the past 30 days are set at 11.15% for JinkoSolar Holding Co. Ltd.. The simple moving average for the period of the last 20 days is -6.06% for JKS stocks with a simple moving average of 117.89% for the last 200 days.
Analysts’ Opinion of JKS
Many brokerage firms have already submitted their reports for JKS stocks, with UBS repeating the rating for JKS by listing it as a “Sell.” The predicted price for JKS in the upcoming period, according to UBS is $55 based on the research report published on October 27th of the current year 2020.
Credit Suisse, on the other hand, stated in their research note that they expect to see JKS reach a price target of $32. The rating they have provided for JKS stocks is “Outperform” according to the report published on September 24th, 2020.
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JKS Trading at 13.49% from the 50-Day Moving Average
After a stumble in the market that brought JKS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.33% of loss for the given period.
Volatility was left at 11.15%, however, over the last 30 days, the volatility rate increased by 6.78%, as shares sank -14.62% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +189.21% upper at present.
During the last 5 trading sessions, JKS fell by -6.64%, which changed the moving average for the period of 200-days by +166.20% in comparison to the 20-day moving average, which settled at $62.55. In addition, JinkoSolar Holding Co. Ltd. saw 163.36% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for JKS
Current profitability levels for the company are sitting at:
- +6.04 for the present operating margin
- +18.26 for the gross margin
The net margin for JinkoSolar Holding Co. Ltd. stands at +3.02. The total capital return value is set at 6.32, while invested capital returns managed to touch 7.86. Equity return is now at value 14.10, with 2.80 for asset returns.
Based on JinkoSolar Holding Co. Ltd. (JKS), the company’s capital structure generated 215.09 points at debt to equity in total, while total debt to capital is 68.26. Total debt to assets is 41.82, with long-term debt to equity ratio resting at 34.15. Finally, the long-term debt to capital ratio is 10.84.
When we switch over and look at the enterrpise to sales, we see a ratio of 0.34, with the company’s debt to enterprise value settled at 1.20. The receivables turnover for the company is 3.52 and the total asset turnover is 0.71. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.01.