During the last session, the traded shares of JinkoSolar Holding Co. Ltd. (NYSE: JKS) were 2.11 million, with the company’s beta value hitting 1.00. At the end of the trading day, the stock price was $ 60.89, reflecting an intraday loss of -1.09% or $ -0.67. The 52-week high for JKS stock is $ 90.20, putting it down -48.14 from that high, although there remains a striking 69.52% gain since the stock price fell to a 52-week low of $ 18.56. The company’s market capitalization is $ 3.02 billion, and the average intraday trading volume over the past 10 days was 2.16 million shares, and the average trading volume was 2.21 million. shares in the past three months.
JinkoSolar Holding Co. Ltd. (JKS) has received a consensus recommendation to suspend from analysts. This translates to an average score of 2.80. JKS has a sell rating of 2 out of 7 analyst (s) who have reviewed this stock. 3 analysts recommend keeping the stock while 1 suggests an overweighting and 1 recommends a buy rating for it. 0 analyst (s) have rated the underweight stock. The company’s earnings per share (EPS) for the current quarter is expected to be $ -0.03.
JinkoSolar Holding Co. Ltd. (JKS) was down -1.09% in the last session and traded in the green for the last 5 sessions. The stock fell -1.09% in intraday trading to $ 60.89 on Thursday 7/22/21, hitting a weekly high. The 5 day share price performance is 1.05% and it has changed 63.95% in 30 days. Based on these concerts, the overall price performance for the year is 204.75%. The short interest in JinkoSolar Holding Co. Ltd. (NYSE: JKS) is 7.18 million shares and that means the shorts have 5.58 day (s) to cover.
The Wall Street analysts’ consensus price target is $ 268.05, which implies a 77.28% increase in the stock’s current value. The extremes of the forecast give a low target price and a high target price of $ 83.86 and $ 393.74 respectively. As a result, JKS is trading at a discount of -546.64% from the high target and -37.72% from the low.
JinkoSolar Holding Co. Ltd. estimates and forecasts. (JKS)
Statistics show that JinkoSolar Holding Co. Ltd. has underperformed its competitors in terms of share price, relative to the industry in which it operates. The shares of JinkoSolar Holding Co. Ltd. (JKS) have fallen -10.91% in the past six months, with a year-to-date growth rate lower than the industry average of -68.29% from 7.20. Still, analysts are raising their growth forecast for fiscal 2021. Revenue is expected to decline -102.50% this quarter, then drop -50.90% the following quarter. In the projections of the rating agencies, the turnover will increase by 16.80% compared to the previous year.
Revenue for the current quarter is expected to reach $ 1.22 billion, as predicted by 6 analysts. Meanwhile, a consensus of 6 analysts estimate revenue growth at $ 1.58 billion by the end of September 2021.
An analysis of the company’s performance over the past 5 years shows that the company’s profits have declined by approximately -22.60%. While profits are expected to reach -75.70% in 2021, the next five years will yield 25.86% per year.
JinkoSolar Holding Co. Ltd. is due to publish its next quarterly results between September 21 and 27. However, it is important to remember that the dividend yield ratio is only an indicator intended only to serve as a guide.
Principal holders of JinkoSolar Holding Co. Ltd. (NYSE: JKS)
Insiders of JinkoSolar Holding Co. Ltd. hold 4.93% of the total shares outstanding while institutional holders control 49.74%, the free float percentage being 52.32%. Invesco Ltd. is the main shareholder of the company, while 206 institutions own shares. As of March 30, 2021, the company owned more than 2.75 million shares (or 9.28% of all shares), with a total value of $ 114.67 million in shares.
The second largest institutional stake, with 1.79 million shares, is that of Morgan Stanley, which represents approximately 6.04% of the shares outstanding. At the market price on March 30, 2021, these shares were valued at $ 74.66 million.
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In addition, mutual funds coming in first place with the largest holdings of shares of JinkoSolar Holding Co. Ltd. (JKS) are Invesco ETF TR II-Invesco Solar ETF and Invesco ETF Tr-Invesco Wilderhill Clean Energy ETF. Data provided on May 30, 2021 indicates that Invesco ETF TR II-Invesco Solar ETF holds approximately 1.54 million shares. This represents just over 5.19% of the company’s overall shares, with a market value of $ 56.34 million. The same data shows the other fund manager owns just under $ 0.93million, or around 3.15% of the stock, which is worth around $ 34.14million.