While JinkoSolar Holding Co. Ltd ADR has underperformed by -2.88%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, JKS fell by -44.30%, with highs and lows ranging from $51.71 to $23.12, whereas the simple moving average fell by -17.93% in the last 200 days.
On February 05, 2024, HSBC Securities Downgraded JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) to Hold. A report published by Daiwa Securities on February 05, 2024, Downgraded its rating to ‘Neutral’ for JKS. Daiwa Securities also rated JKS shares as ‘Outperform’, setting a target price of $33.30 on the company’s shares in an initiating report dated January 26, 2024. ROTH Capital January 11, 2023d the rating to Buy on January 11, 2023, and set its price target from $50 to $70. HSBC Securities initiated its ‘Buy’ rating for JKS, as published in its report on September 29, 2022. HSBC Securities’s report from September 28, 2022 suggests a price prediction of $76 for JKS shares, giving the stock a ‘Buy’ rating. CIBC also rated the stock as ‘Sector Outperform’.
Analysis of JinkoSolar Holding Co. Ltd ADR (JKS)
Further, the quarter-over-quarter increase in sales is 54.23%, showing a positive trend in the upcoming months.
To gain a thorough understanding of JinkoSolar Holding Co. Ltd ADR’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of 23.67% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.79, 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.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and JKS is recording an average volume of 911.68K. On a monthly basis, the volatility of the stock is set at 4.17%, whereas on a weekly basis, it is put at 4.59%, with a gain of 0.51% over the past seven days. Furthermore, long-term investors anticipate a median target price of $33.41, showing growth from the present price of $27.67, 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?
A leading company in the Solar sector, JinkoSolar Holding Co. Ltd ADR (JKS) is based in the China. 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 2.88, there is a growth in quarterly earnings of 123.39%.
The number of employees owning shares of the company should also be considered in addition to the fundamentals. 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 37.90% 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 37.90% at present.
