ZK International Group Co. Ltd. (NASDAQ: ZKIN) is 295.75% higher on its value in year-to-date trading and has touched a low of $0.65 and a high of $8.74 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ZKIN stock was last observed hovering at around $8.72 in the last trading session, with the day’s gains setting it 1.53%.
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Currently trading at $10.25, the stock is 131.90% and 202.34% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 8.21 million and changing 17.55% at the moment leaves the stock 436.35% off its SMA200. ZKIN registered 735.17% gain for a year compared to 6-month gain of 688.46%. The firm has a 50-day simple moving average (SMA 50) of $3.96 and a 200-day simple moving average (SMA200) of $2.18.
The stock witnessed a 232.79% loss in the last 1 month and extending the period to 3 months gives it a 515.62%, and is 93.40% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 30.84% over the week and 18.24% over the month.
ZK International Group Co. Ltd. (ZKIN) has around 308 employees, a market worth around $180.30M and $86.80M in sales. Profit margin for the company is -1.00%. Distance from 52-week low is 1474.50% and 17.28% from its 52-week high. The company has generated returns on investments over the last 12 months (0.10%).
ZK International Group Co. Ltd. (ZKIN) Top Institutional Holders
8 institutions hold shares in ZK International Group Co. Ltd. (ZKIN), with 12.24M shares held by insiders accounting for 62.04% while institutional investors hold 6.43% of the company’s shares. The shares outstanding are 16.56M, and float is at 11.27M with Short Float at 0.49%. Institutions hold 2.44% of the Float.
The top institutional shareholder in the company is Renaissance Technologies, LLC with over 0.41 million shares valued at $1.07 million. The investor’s holdings represent 2.09% of the ZKIN Shares outstanding. As of Dec 30, 2020, the second largest holder is Acadian Asset Management with 47711.0 shares valued at $0.12 million to account for 0.24% of the shares outstanding. The other top investors are Two Sigma Investments, LP which holds 26210.0 shares representing 0.13% and valued at over $67883.0, while Virtu Financial LLC holds 0.06% of the shares totaling 11994.0 with a market value of $14392.0.