Shares in JinkoSolar Holding Co., Ltd. reflect an interesting technical chart pattern allowing for a bet on a reversal of the medium term trend. Investors should buy the stock at current prices near $ 14.2 in order to target the $ 21.9.
The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
In a short-term perspective, the company has interesting fundamentals.
The prospective high growth for the next fiscal years is among the main assets of the company
The company is one of the most undervalued, with an "enterprise value to sales" ratio at 0.43 for the 2019 fiscal year.
Its low valuation, with P/E ratio at 5.45 and 3.7 for the ongoing fiscal year and 2020 respectively, makes the stock pretty attractive with regard to earnings multiples.
Over the last 4 months, analysts have significantly revised upwards the company's estimated sales.
Over the last twelve months, the sales forecast has been frequently revised upwards.
For the last 4 months, the company has been enjoying highly positive EPS revisions, which were frequently and significantly raised.
For the past year, analysts covering the stock have been revising their EPS expectations upwards in a significant manner.
The company sustains low margins.
The group shows a rather high level of debt in proportion to its EBITDA.
Sales estimates for the next fiscal years vary from one analyst to another. This clearly highlights a lack of visibility into the company's future activity.
The technical configuration over the long term remains negative on the weekly chart below the resistance level at 18.7 USD
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