54.9 F
New York
Friday, November 27, 2020

JinkoSolar Holding Co. Ltd. (NYSE:JKS) Stock is Soaring, Here is Why

Must read

ABB Ltd (NYSE:ABB) is Gaining Momentum on Earnings Catalyst

ABB Ltd (ABB) shares are trading at lower $26.55 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

ZIOPHARM Oncology Inc. (NASDAQ:ZIOP) on the Path to Profitability

ZIOPHARM Oncology Inc. (ZIOP) shares are trading at higher $2.92 and the avg recommendation for the stock is Moderate Buy. To add more color...

Can We Expect More Volatility From Box Inc. (BOX)?

Box Inc. (BOX) shares are trading at higher $18.15 and the avg recommendation for the stock is Moderate Buy, while the current analyst price...

AquaBounty Technologies Inc. (NASDAQ:AQB) Recent Earnings Shows Major Promise

AquaBounty Technologies Inc. (AQB) shares are trading at higher $4.16 and the avg recommendation for the stock is Strong Buy, while the current analyst...

JinkoSolar Holding Co. Ltd. (JKS) shares are trading at higher $59.72 and the avg recommendation for the stock is Moderate Buy, while the current analyst price target stands at $32.99.

To add more color to this target, the company’s high over the last year is $90.20 and the low is $11.42. Over the last 52 weeks, JKS is up 307.65% while the S&P 500 is up 7.73%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, JKS reported a profit of $214.14 million. JinkoSolar Holding Co. Ltd. also saw revenues increase to $1.2 billion. In addition, JKS has free cash flow of $0.0 as of 06-2020. The company’s EBITDA came in at $61.52 million which compares well with its peers.

JKS booked profit margins of 3.90%, its Return on Equity (ROE) is 14.10%, and its Return on Assets is 2.80%. All told, it is clear that, JKS needs to be on your watchlist.

Find out when JKS reaches critical levels. Subscribe to OracleDispatch.com Right Now by entering your Email in the box below.

Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. JKS has a short ratio of 1.22 and outstanding shares of 44.69M.

Company Outlook

JKS has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 21.33 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 4.17. JinkoSolar Holding Co. Ltd. JKS also noted assets of $7.02 billion at the end of the last quarter. Investors should also keep an eye on sector updates as JKS has historically followed its peers on positive news.

All told, JinkoSolar Holding Co. Ltd. JKS has strung together solid data and demonstrated underlying fundamentals. At its current valuation, JKS represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

JinkoSolar Holding Co. Ltd. JKS is now commanding a market cap of 2.86B and a float of 41.99M. JKS is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of JKS stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in JKS, either long or short, and we have not been compensated for this article.

Latest article

The Last Few Sessions Have Tenneco Inc. (TEN) Soaring

Tenneco Inc. (TEN) shares are trading at lower $11.13 and the avg recommendation for the stock is Hold, while the current analyst price target...

Rockwell Medical Inc. (NASDAQ:RMTI) Stock is Plummeting, Here is Why

Rockwell Medical Inc. (RMTI) shares are trading at lower $1.00 and the avg recommendation for the stock is Moderate Buy. To add more color...

Tractor Supply Company (TSCO)’s Stock is Jumping, Here is Why

Tractor Supply Company (TSCO) shares are trading at lower $133.90 and the avg recommendation for the stock is Moderate Buy, while the current analyst...

Can We Expect More Volatility From Newpark Resources Inc. (NR)?

Newpark Resources Inc. (NR) shares are trading at lower $1.71 and the avg recommendation for the stock is Moderate Buy. To add more color...

When Will TETRA Technologies Inc. (TTI) Slow Down

TETRA Technologies Inc. (TTI) shares are trading at lower $0.80 and the avg recommendation for the stock is Hold. To add more color to...