Emeren Group Stock Price on May 29, 2024
| SOL Stock | USD 1.82 0.05 2.67% |
Below is the normalized historical share price chart for Emeren Group extending back to January 29, 2008. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Emeren stands at 1.82, as last reported on the 22nd of November, with the highest price reaching 1.90 and the lowest price hitting 1.80 during the day.
If you're considering investing in Emeren Stock, it is important to understand the factors that can impact its price. As of now, Emeren Stock is risky. Emeren Group secures Sharpe Ratio (or Efficiency) of 0.0067, which denotes the company had a 0.0067% return per unit of risk over the last 3 months. We have found twenty-nine technical indicators for Emeren Group, which you can use to evaluate the volatility of the firm. Please confirm Emeren's Downside Deviation of 4.71, coefficient of variation of 3750.67, and Mean Deviation of 3.4 to check if the risk estimate we provide is consistent with the expected return of 0.031%.
Liabilities And Stockholders Equity is expected to rise to about 705.6 M this year, although the value of Total Stockholder Equity will most likely fall to about 250.8 M. . The value of Price To Sales Ratio is estimated to slide to 1.39. Price Earnings Ratio is expected to rise to -46.01 this year. Emeren Stock price history is provided at the adjusted basis, taking into account all of the recent filings.
IPO Date 29th of January 2008 | 200 Day MA 1.9824 | 50 Day MA 2.4014 | Beta 1.735 |
Emeren |
Sharpe Ratio = 0.0067
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| Negative Returns | SOL |
Estimated Market Risk
| 4.66 actual daily | 41 59% of assets are more volatile |
Expected Return
| 0.03 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| 0.01 actual daily | 0 Most of other assets perform better |
Based on monthly moving average Emeren is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Emeren by adding Emeren to a well-diversified portfolio.
Price Book 0.2999 | Enterprise Value Ebitda 10.0843 | Price Sales 0.9254 | Shares Float 309.6 M | Wall Street Target Price 5.3333 |
Emeren Valuation on May 29, 2024
It is possible to determine the worth of Emeren on a given historical date. On May 29, 2024 Emeren was worth 1.82 at the beginning of the trading date compared to the closed value of 1.81. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Emeren stock. Still, in general, we apply an absolute valuation method to find Emeren's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Emeren where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Emeren's related companies.
| Open | High | Low | Close | Volume | |
| 1.94 | 1.94 | 1.83 | 1.85 | 301,566 | |
05/29/2024 | 1.82 | 1.84 | 1.75 | 1.81 | 364,325 |
| 1.80 | 1.86 | 1.79 | 1.80 | 185,642 |
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Emeren Trading Date Momentum on May 29, 2024
| On May 30 2024 Emeren Group was traded for 1.80 at the closing time. Highest Emeren's price during the trading hours was 1.86 and the lowest price during the day was 1.79 . The net volume was 185.6 K. The overall trading history on the 30th of May contributed to the next trading period price depreciation. The trading price change to the next next day price was 0.55% . The overall trading delta to current price is 8.84% . |
Emeren Group Fundamentals Correlations and Trends
By evaluating Emeren's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Emeren's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Emeren financial account trend analysis is a perfect complement when working with valuation or volatility modules.About Emeren Stock history
Emeren investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Emeren is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Emeren Group will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Emeren stock prices may prove useful in developing a viable investing in Emeren
| Last Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 5.7 M | 5.4 M | |
| Net Loss | -5.4 M | -5.1 M |
Emeren Stock Technical Analysis
Emeren technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Price Boundaries
Emeren Period Price Range
Low | November 22, 2024
| High |
0.00 | 0.00 |
Emeren Group cannot be verified against its exchange. Please verify the symbol is currently traded on New York Stock Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Emeren November 22, 2024 Market Strength
Market strength indicators help investors to evaluate how Emeren stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Emeren shares will generate the highest return on investment. By undertsting and applying Emeren stock market strength indicators, traders can identify Emeren Group entry and exit signals to maximize returns
Emeren Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Emeren's price direction in advance. Along with the technical and fundamental analysis of Emeren Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Emeren to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0285 | |||
| Jensen Alpha | 0.1544 | |||
| Total Risk Alpha | (0.42) | |||
| Sortino Ratio | 0.0062 | |||
| Treynor Ratio | (0.25) |
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Check out World Market Map to better understand how to build diversified portfolios, which includes a position in Emeren Group. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in persons. You can also try the Portfolio Backtesting module to avoid under-diversification and over-optimization by backtesting your portfolios.
Is Construction & Engineering space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Emeren. If investors know Emeren will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Emeren listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.92) | Earnings Share (0.05) | Revenue Per Share 1.915 | Quarterly Revenue Growth (0.11) | Return On Assets (0.01) |
The market value of Emeren Group is measured differently than its book value, which is the value of Emeren that is recorded on the company's balance sheet. Investors also form their own opinion of Emeren's value that differs from its market value or its book value, called intrinsic value, which is Emeren's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Emeren's market value can be influenced by many factors that don't directly affect Emeren's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Emeren's value and its price as these two are different measures arrived at by different means. Investors typically determine if Emeren is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Emeren's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.