How have the shares performed?
ZK International Group Co. Ltd. (ZKIN) saw an uptrend of 14.25% in the recent trading with $4.73 being its most recent. The current price level -67.60% lower than the highest price of $14.60 marked by the stock while trading over the past 52-weeks, whereas it is 350.48% higher than the lowest price of $1.05 the company dropped to over past 52-weeks. The latest news story on ZKIN appeared in Simply Wall St. under the title “If You Had Bought ZK International Group (NASDAQ:ZKIN) Shares A Year Ago You’d Have Earned 259% Returns” on May-25-21.
Squeezing the time span to 30 day period shows us the stock is currently trading -32.62% below one month high and is +22.86% above of the lowest during that time. Looking into the simple moving average, ZK International Group Co. Ltd. (ZKIN)’s stock stands at a SMA-50 of $6.86 while that of 5-day is reading $4.30.
Daily rise and fall of price influence many of the traders, and in order to overcome the fluctuating effect of that and to watch the stock closely, traders focus more on stock’s 200-day moving average. At various points in trading activity, investors are more likely to be making use of that measure as a strong indicator in figuring out their support and resistance levels, and ZKIN’s SMA-200 as of now is $3.76.
ZK International Group Co. Ltd. Earnings – What Happened With ZKIN
Coming around sales and income figures, publically trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.
ZKIN – ZK International Group Co. Ltd. Stock Earnings Estimates
Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 16.56 million. ZKIN does have institutional investors; and they hold 1.80% of the stock.
ZK International Group Co. Ltd. – Insider Activity and Holdings
As on Dec 30, 2020, Renaissance Technologies, LLC was the top most holder in ZK International Group Co. Ltd. (NASDAQ:ZKIN) with an ownership of 0.41 million shares of the company or 1.94% of the stake worth $1.07 million. The filing also reveals Virtu Financial LLC as the second largest holder in the company with a control over 0.23% of the outstanding shares. Its stake is worth $0.12 million for having 48233.0 shares in hand.
Acadian Asset Management also came holding a key position in the company during the recent quarter and it now holds 0.22% of the outstanding shares. With this there are now 10 institutions which have possession in ZKIN’s shares.
The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, current ratio recorded by ZK International Group Co. Ltd. was 1.58 while posting a debt to equity ratio of 0.40. The count was 0.60 for long-term debt to equity ratio.
ZK International Group Co. Ltd.’s return on equity, or ROE, is -1.90%, compared to the industry average of 4.57% for Basic Materials – Steel. Although this indicates that ZKIN fails to use its equity well, the metric will vary significantly depending on the industry.
Technical Analysis of ZK International Group Co. Ltd. (NASDAQ:ZKIN) stock
To comprehend better with the trade moves and investors’ behavior, exploring the short, medium and long term technical indicators along with average volume of a stock is an effective way to make use of. When looking into those indicators for ZK International Group Co. Ltd. (ZKIN), we notice that the stock’s 20-day average volume is at 885,000 shares and 50% of short term indicators are suggesting the stock as Sell. Medium term indicators at an average of 50% are spotting the stock at Buy with its 50-day average volume of 4,799,278 shares. And to end, ZKIN’s 100-day average volume is 3,299,459 shares with 50% of the long-term indicators pointing towards Buy for the stock.