For the readers interested in the stock health of ReneSola Ltd (SOL). It is currently valued at $6.93. When the transactions were called off in the previous session, Stock hit the highs of $7.31, after setting-off with the price of $7.20. Company’s stock value dipped to $6.99 during the trading on the day. When the trading was stopped its value was $7.25.Recently in News on October 4, 2021, ReneSola Power Provides Updates on Project Development and Expands Presence in Spain. ReneSola Ltd (“ReneSola Power” or the “Company”) (www.renesolapower.com) (NYSE: SOL), a leading fully integrated solar project developer, today announced that it recently received the environmental approval for its 12 MW solar plant located in the municipality of Caravaca in the region of Murcia in Southern Spain. You can read further details here
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 $35.77 on 01/22/21, with the lowest value was $5.99 for the same time period, recorded on 10/06/21.
ReneSola Ltd (SOL) full year performance was 90.29%
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 -80.63% during the 52-week period from high price, and 133.33% 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 $2.97 and $35.77.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 700469 for the day, which was evidently lower, 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 -36.57%, having the revenues showcasing -1.89% 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 510.47M, as it employees total of 147 workers.
Analysts verdict on 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 7.51, with a change in the price was noted -0.51. In a similar fashion, ReneSola Ltd posted a movement of -6.75% for the period of last 100 days, recording 1,589,738 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 0.12 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.09.
ReneSola Ltd (SOL): Technical Analysis
Raw Stochastic average of ReneSola Ltd in the period of last 50 days is set at 55.26%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 70.00%. In the last 20 days, the company’s Stochastic %K was 73.33% and its Stochastic %D was recorded 60.52%.
Let’s take a glance in the erstwhile performances of ReneSola Ltd, multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be encouraging, given the fact the metric is recording -36.57%. Additionally, trading for the stock in the period of the last six months notably deteriorated by -20.42%, alongside a boost of 90.29% for the period of the last 12 months. The shares increased approximately by 19.44% in the 7-day charts and went up by 2.69% in the period of the last 30 days. Common stock shares were lifted by -1.89% during last recorded quarter.