Healthy Upside Potential: JinkoSolar Holding Co. Ltd ADR (JKS)

With 0.61 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.59 shares. The 52-week range on JKS shows that it touched its highest point at $58.96 and its lowest point at $23.12 during that stretch. It currently has a 1-year price target of $33.31. Beta for the stock currently stands at 0.35.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of JKS was up-trending over the past week, with a rise of 0.27%, but this was down by -14.19% over a month. Three-month performance dropped to -22.72% while six-month performance fell -30.01%. The stock lost -50.50% in the past year, while it has lost -29.10% so far this year. A look at the trailing 12-month EPS for JKS yields 9.61 with Next year EPS estimates of 4.51. For the next quarter, that number is 2.45. This implies an EPS growth rate of 490.19% for this year and -60.01% for next year. EPS is expected to grow by 36.71% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 23.38%.

Float and Shares Shorts:

At present, 51.57 million JKS shares are outstanding with a float of 51.33 million shares on hand for trading. On Jan 31, 2024, short shares totaled 2.23 million, which was 4.32% higher than short shares on Dec 29, 2023. In addition to JKS as the firm’s JinkoSolar Holding Company Limi, DKS serves as its Dick’s Sporting Goods Inc.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for JKS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With JKS analysts setting a high price target of $365.90 and a low target of $83.96, the average target price over the next 12 months is $236.88. Based on these targets, JKS could surge 1297.1% to reach the target high and rise by 220.58% to reach the target low. Reaching the average price target will result in a growth of 804.47% from current levels.