ZK International Group Co Ltd (NASDAQ: ZKIN) is -33.82% lower on its value in year-to-date trading and has touched a low of $0.82 and a high of $6.30 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 $3.49 in the last trading session, with the day’s loss setting it -0.71%.
Currently trading at $2.78, the stock is 35.03% and 81.25% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.9 million and changing -20.34% at the moment leaves the stock -9.13% off its SMA200. ZKIN registered -42.44% loss for a year compared to 6-month loss of -25.34%. The firm has a 50-day simple moving average (SMA 50) of $1.52714 and a 200-day simple moving average (SMA200) of $0.991545.
The stock witnessed a 188.98% gain in the last 1 month and extending the period to 3 months gives it a 56.18%, and is -3.47% down 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 20.92% over the week and 21.23% over the month.
ZK International Group Co Ltd (ZKIN) has around 281 employees, a market worth around $14.35M and $108.20M in sales. Profit margin for the company is -2.58%. Distance from 52-week low is 239.02% and -55.87% from its 52-week high. The company has generated returns on investments over the last 12 months (-9.27%).
8.0 institutions hold shares in ZK International Group Co Ltd (ZKIN), with institutional investors hold 0.57% of the company’s shares. The shares outstanding are 36.15M, and float is at 3.76M with Short Float at 0.83%. Institutions hold 0.41% of the Float.
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.
