Stocks of JinkoSolar Holding Co. Ltd ADR (NYSE:JKS) traded higher last session on Wall Street, down -20.69% to $25.99.
JKS stock price is now 26.93% away from the 50-day moving average and 6.12% away from the 200-day moving average. The market capitalization of the company currently stands at $1.34B.
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With the price target reduced from $50 to $25, ROTH MKM Downgraded its rating from Buy to Neutral for JinkoSolar Holding Co. Ltd ADR (NYSE: JKS). , while ‘Daiwa Securities’ rates the stock as ‘Neutral’
In other news, HY Vision Cloud Holdings Limit, Director bought 20,000 shares of the company’s stock on Sep 30 ’24. The stock was bought for $518,573 at an average price of $25.93. A total of 0.48% of the company’s stock is owned by insiders.
During the past 12 months, JinkoSolar Holding Co. Ltd ADR has had a low of $16.70 and a high of $38.65. As of last week, the company has a debt-to-equity ratio of 2.31, a current ratio of 1.08, and a quick ratio of 0.73. According to the stock market information, the enterprise value for the company is $32441319424, which is based on a 6.84 price-to-earnings ratio, a 0.19 price-to-earnings-growth ratio, and a beta of 0.38. The fifty day moving average price for JKS is $20.4764 and a two-hundred day moving average price translates $24.4911 for the stock.
The latest earnings results from JinkoSolar Holding Co. Ltd ADR (NYSE: JKS) was released for 2024-06-30. The net profit margin was 1.67% and return on equity was 9.36% for JKS. The company reported revenue of $3.31 billion for the quarter, compared to $4.23 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -21.78 percent.
