For the readers interested in the stock health of JinkoSolar Holding Co. Ltd. (JKS). It is currently valued at $56.80. When the transactions were called off in the previous session, Stock hit the highs of $58.55, after setting-off with the price of $55.44. Company’s stock value dipped to $54.63 during the trading on the day. When the trading was stopped its value was $55.63.Recently in News on August 26, 2022, JinkoSolar Announces Second Quarter 2022 Financial Results. JinkoSolar Holding Co., Ltd. (“JinkoSolar” or the “Company”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced its unaudited financial results for the second quarter ended June 30, 2022. You can read further details here
JinkoSolar Holding Co. 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 $76.92 on 07/08/22, with the lowest value was $35.41 for the same time period, recorded on 02/24/22.
JinkoSolar Holding Co. Ltd. (JKS) full year performance was 24.56%
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, JinkoSolar Holding Co. Ltd. shares are logging -26.16% during the 52-week period from high price, and 60.41% 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 $35.41 and $76.92.
The company’s shares, operating in the sector of Technology managed to top a trading volume set approximately around 782852 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 JinkoSolar Holding Co. Ltd. (JKS) recorded performance in the market was 23.59%, having the revenues showcasing -6.43% 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 2.93B, as it employees total of 31030 workers.
Specialists analysis on JinkoSolar Holding Co. Ltd. (JKS)
During the last month, 2 analysts gave the JinkoSolar Holding Co. Ltd. a BUY rating, 0 of the polled analysts branded the stock as an OVERWEIGHT, 3 analysts were recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 2 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 60.35, with a change in the price was noted +3.43. In a similar fashion, JinkoSolar Holding Co. Ltd. posted a movement of +6.43% for the period of last 100 days, recording 1,229,220 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 JKS is recording 3.63 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.96.
Trends and Technical analysis: JinkoSolar Holding Co. Ltd. (JKS)
Raw Stochastic average of JinkoSolar Holding Co. Ltd. in the period of last 50 days is set at 14.96%. The result represents downgrade in oppose to Raw Stochastic average for the period of the last 20 days, recording 21.64%. In the last 20 days, the company’s Stochastic %K was 14.41% and its Stochastic %D was recorded 17.64%.
Now, considering the stocks previous presentation, multiple 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 23.59%. Additionally, trading for the stock in the period of the last six months notably improved by 4.95%, alongside a boost of 24.56% for the period of the last 12 months. The shares increased approximately by -7.64% in the 7-day charts and went down by 0.71% in the period of the last 30 days. Common stock shares were lifted by -6.43% during last recorded quarter.