Stock To Watch: JinkoSolar Holding Company Limited (NYSE:JKS)


The leading market experts have placed a mean price target of $28.18 on JinkoSolar Holding Company Limited (NYSE:JKS) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.95 a share for the upcoming quarter and $4.37 for the current fiscal.

Technical View

The technical analysis of JinkoSolar Holding Company Limi plainly substantiates that the 50-day moving average of JinkoSolar Holding Company Limi is $19.15, and stock is trading $-0.54 points away or -2.81% from its 50-day moving average of $19.15. Further it is trading $-2.18 or -10.50% away its 200-day moving average of $20.79. JinkoSolar Holding Company Limited (NYSE:JKS) 52-week high is $29.50 and the 52-week low is $14.32.

This explains if the stock moves $-10.89, it will post a 52-week high. In event of +29.96% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of JinkoSolar Holding Company Limi, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, JinkoSolar Holding Company Limited (NYSE:JKS) ratio came in at 4.20.

The stock last ended the trading session at $18.61 and registered a market cap of $583.83M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. JinkoSolar Holding Company Limited (NYSE:JKS) PEG ratio is at -0.38.

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