Time for Investors to Take the Plunge on JinkoSolar Holding Co., Ltd. (NYSE:JKS)

Equity Research firms currently have a positive stance on shares of JinkoSolar Holding Co., Ltd. (NYSE:JKS). The majority of analysts covering the equity have either a Buy or Strong Buy recommendation on the stock, yielding a consensus score of 2.50. This is based on the research brokerage reports taken into consideration by Thomson Reuters. Those same analysts are projecting that the stock will reach $21.45 on a short term basis.

At the time of writing, the stock was trading at $15.28. This represents a change from the opening price of -4.14%. In terms of performance, year to date, the stock is -42.43%. The monthly stock performance comes in at -13.98%. For the quarter, shares are performing at -21.99%. Weekly performance analysis shows the equity at 5.99%.

In taking a look at technical levels, shares are trading -14.57% away from the 50 day simple moving average and -25.95% away from the 200 day simple moving average. Based on a recent bid, the stock is trading -48.20% away from it’s 52- week high and 6.70% away from its 52 week low. After the recent moves, investors may also look to see if the stock has entered oversold or overbought territory and could be ripe for a bounce. As of writing, JinkoSolar Holding Co., Ltd.’s RSI stands at 38.52. In looking at volatility levels, the shares saw weekly volatility of 5.52% and 4.47% over the past month.

Leave a Comment