Do ReneSola Ltd (SOL) beta value of 1.24 signposts another twist?

ReneSola Ltd (SOL) is priced at $3.90 after the most recent trading session. At the very opening of the session, the stock price was $3.60 and reached a high price of $4.19, prior to closing the session it reached the value of $3.53. The stock touched a low price of $3.56.

Recently in News on November 12, 2020, ReneSola Power Announces Preliminary Third Quarter 2020 Result. – Company Expects Net Profits of At Least $2 million. You can read further details here


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ReneSola Ltd had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $4.39 on 10/15/20, with the lowest value was $0.85 for the same time period, recorded on 03/16/20.

ReneSola Ltd (SOL) full year performance was 156.58%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, ReneSola Ltd shares are logging -11.15% during the 52-week period from high price, and 357.10% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $0.85 and $4.39.

The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 2921576 for the day, which was evidently higher, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the ReneSola Ltd (SOL) recorded performance in the market was 175.62%, having the revenues showcasing 136.36% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 212.94M, as it employees total of 222 workers.

Market experts do have their say about ReneSola Ltd (SOL)

During the last month, 0 analysts gave the ReneSola Ltd a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 0 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 0 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 2.20, with a change in the price was noted +2.76. In a similar fashion, ReneSola Ltd posted a movement of +242.11% for the period of last 100 days, recording 1,194,856 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for SOL is recording 0.93 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.48.

Technical breakdown of ReneSola Ltd (SOL)

Raw Stochastic average of ReneSola Ltd in the period of last 50 days is set at 83.00%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 76.23%. In the last 20 days, the company’s Stochastic %K was 47.25% and its Stochastic %D was recorded 37.20%.

Bearing in mind the latest performance of ReneSola Ltd, several moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 175.62%. Additionally, trading for the stock in the period of the last six months notably improved by 323.87%, alongside a boost of 156.58% for the period of the last 12 months. The shares increased approximately by 11.43% in the 7-day charts and went up by 6.56% in the period of the last 30 days. Common stock shares were driven by 136.36% during last recorded quarter.

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