ZK International Group Co Ltd. (NASDAQ: ZKIN) is -41.81% lower on its value in year-to-date trading and has touched a low of $0.38 and a high of $1.35 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ZKIN stock was last observed hovering at around $0.57 in the last trading session, with the day’s loss setting it 0.0%.
Currently trading at $0.57, the stock is 24.81% and 16.31% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.75 million and changing 0.23% at the moment leaves the stock -10.61% off its SMA200. ZKIN registered -14.75% loss for a year compared to 6-month loss of -3.34%. The firm has a 50-day simple moving average (SMA 50) of $0.48894 and a 200-day simple moving average (SMA200) of $0.63566.
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The stock witnessed a 21.08% gain in the last 1 month and extending the period to 3 months gives it a 19.48%, and is 37.47% 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 12.83% over the week and 9.67% over the month.
ZK International Group Co Ltd. (ZKIN) has around 282 employees, a market worth around $20.62M and $114.83M in sales. Profit margin for the company is -53.55%. Distance from 52-week low is 50.08% and -57.76% from its 52-week high. The company has generated returns on investments over the last 12 months (-165.41%).
The shares outstanding are 32.99M, and float is at 23.87M with Short Float at 0.21%.
The top institutional shareholder in the company is IPG INVESTMENT ADVISORS LLC with over 16278.0 shares valued at $8904.0. The investor’s holdings represent 0.0536 of the ZKIN Shares outstanding. As of 2024-06-30, the second largest holder is RENAISSANCE TECHNOLOGIES LLC with 14800.0 shares valued at $8096.0 to account for 0.0487 of the shares outstanding. The other top investors are UNIQUE WEALTH, LLC which holds 11180.0 shares representing 0.0368 and valued at over $6115.0, while ROYAL BANK OF CANADA holds 0.0241 of the shares totaling 7334.0 with a market value of $4000.0.
