ZEEKR Intelligent Technology Holding Ltd. ADR (NYSE:ZK) price on Thursday, February 27, rose 4.33% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $26.25.
A look at the stock’s price movement, the close in the last trading session was $25.16. Turning to its 52-week performance, $32.76 and $13.00 were the 52-week high and 52-week low respectively. Overall, ZK moved 4.96% over the past month.
ZEEKR Intelligent Technology Holding Ltd. ADR’s market cap currently stands at around $6.50 billion, with investors looking forward to this quarter’s earnings report slated for in March.
Analysts have a consensus estimate of 23.05B for the company’s revenue for the quarter, with a low and high estimate of 20.57B and 25.17B respectively.
4 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 4 recommend ZK as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ZK’s current price about 3.79% and -1.14% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 54.18, while 7-day volatility ratio is 7.38% and 6.17% in the 30-day chart. Further, ZEEKR Intelligent Technology Holding Ltd. ADR (ZK) has a beta value of 0, and an average true range (ATR) of 1.70. Analysts have given the company’s stock an average 52-week price target of $38, forecast between a low of $38 and high of $38. Looking at the price targets, the low is -44.76% off current price level while to achieve the yearly target high, price needs to move -44.76%. Nonetheless, investors will most likely welcome a -44.76% jump to $38 which is the analysts’ median price.
If we refocus on ZEEKR Intelligent Technology Holding Ltd. ADR (NYSE:ZK), historical trading data shows that trading volumes averaged 619.52K over the past 3 months. The company’s latest data on shares outstanding shows there are 247.58 million shares.
Current price change has pushed the stock -7.51% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ZK stock continues to rise going into the next quarter.
