ZK International Group Co. Ltd. (NASDAQ:ZKIN) shares, rose in value on Wednesday, 06/09/21, with the stock price down by -5.88% to the previous day’s close as strong demand from buyers drove the stock to $4.96.
Actively observing the price movement in the recent trading, the stock is buoying the session at $5.27, falling within a range of $5.07 and $5.6472. Referring to stock’s 52-week performance, its high was $14.60, and the low was $1.05. On the whole, ZKIN has fluctuated by 5.82% over the past month.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ZKIN’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 50% Buy.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ZKIN currently trading nearly 8.19% and -15.18% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.03, while the 7-day volatility ratio is showing 9.97% which for the 30-day chart, stands at 10.75%. Furthermore, ZK International Group Co. Ltd. (ZKIN)’s beta value is 1.81, and its average true range (ATR) is 0.52.
Data on historical trading for ZK International Group Co. Ltd. (NASDAQ:ZKIN) indicates that the trading volumes over the past 10 days have averaged 1.2 million and over the past 3 months, they’ve averaged 4.18 million. According to company’s latest data on outstanding shares, there are 16.56 million shares outstanding.
Nearly 33.43% of ZK International Group Co. Ltd.’s shares belong to company insiders and institutional investors own 1.90% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 0.2 million shares as on May 27, 2021, resulting in a short ratio of 0.23. According to the data, the short interest in ZK International Group Co. Ltd. (ZKIN) stood at 0.99% of shares outstanding as of May 27, 2021; the number of short shares registered in Apr 29, 2021 reached 0.62 million. The stock has risen by 103.47% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ZKIN stock heading into the next quarter.