Why JinkoSolar Holding Company Limited (NYSE:JKS) Is In News?


Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $23.48 on JinkoSolar Holding Company Limited (NYSE:JKS) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $4.11 for the next fiscal and $N/A for underway quarter.

Valuation Estimates

Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of JinkoSolar Holding Company Limited (NYSE:JKS) stands at 3.48.

Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For JinkoSolar Holding Company Limi, the PEG ratio for coming 3-5 years is -0.21.

Technical Analysis

The technical analysis highlights that JinkoSolar Holding Company Limi current is trading $-0.50 points away or -2.63% from its 50-day moving average of $18.94. Further it is trading $-2.34 or -11.25% away its 200-day moving average of $20.78.

The 52-week high of JinkoSolar Holding Company Limited (NYSE:JKS) was $29.50 while lowest point recorded in 52-week was $16.95. It implies if stock price makes a movement of over $-11.06, it will record a new 52-week high. In the case of +8.79% drop, it will touch a new 52-week low.

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