ZK International Group Co. Ltd. (NASDAQ:ZKIN) price closed higher on Tuesday, August 24, jumping 16.19% above its previous close.
A look at the daily price movement shows that the last close reads $3.52, with intraday deals fluctuated between $3.46 and $4.15. The company’s 5Y monthly beta was ticking 1.81. Taking into account the 52-week price action we note that the stock hit a 52-week high of $14.60 and 52-week low of $1.05. The stock added 16.52% on its value in the past month.
ZK International Group Co. Ltd., which has a market valuation of $99.63 million, is expected to release its quarterly earnings report Jan 31, 2020.
Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews. On the technical perspective front, indicators give ZKIN a short term outlook of 50% Sell on average. Looking at the stock’s medium term indicators we note that it is averaging as a 50% Sell, while an average of long term indicators are currently assigning the stock as 50% Sell.
The overview shows that ZKIN’s price is at present 25.59% off the SMA20 and 11.27% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 61.02, with weekly volatility standing at 12.04%. The indicator jumps to 9.75% when calculated based on the past 30 days. ZK International Group Co. Ltd. (NASDAQ:ZKIN)’s beta value is holding at 1.78, while the average true range (ATR) indicator is currently reading 0.33.
Turning out attention to how the ZK International Group Co. Ltd. stock has performed in comparison to its peers in the industry, here’s what we find: ZKIN’s stock is 16.19% on the day and 252.59% in the past 12 months. Elsewhere in the market, the S&P 500 Index has rallied 0.15% in last trading session, with the Dow Jones Industrial also saw a positive session on the day with 0.09%.
An analysis of the ZK International Group Co. Ltd. (NASDAQ:ZKIN) stock in terms of its daily trading volume indicates that the 3-month average is 443.04K. However, this figure increases on the past 10-day timeline to an average of 0.37 million.
Current records show that the company has 16.56M in outstanding shares. The insiders’ percentage holdings are 33.43% of outstanding shares while the percentage share held by institutions stands at 2.70%. The stats also highlight that short interest as of Jun 29, 2021, stood at 0.62 million shares, which puts the short ratio at the time at 0.91. From this we can glean that short interest is 3.16% of company’s current outstanding shares. Notably, we see that shares short in June rose slightly given the previous month’s figure stood at 0.2 million. But the 57.92% upside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.