ZEEKR Intelligent Technology Holding Ltd. ADR (NYSE:ZK) price on Friday, May 23, fall -0.78% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $29.17.
A look at the stock’s price movement, the close in the last trading session was $29.40. Turning to its 52-week performance, $33.32 and $13.00 were the 52-week high and 52-week low respectively. Overall, ZK moved 43.20% over the past month.
ZEEKR Intelligent Technology Holding Ltd. ADR’s market cap currently stands at around $7.38 billion, with investors looking forward to this quarter’s earnings report slated for in June.
Analysts have a consensus estimate of 29.96B for the company’s revenue for the quarter, with a low and high estimate of 25.36B and 34.56B respectively. The average forecast suggests up to a 49.51% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 155.75B, representing a 105.17% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ZK is a 100% Buy. On the other hand, the stock is on average a Hold as suggested by medium term indicators while long term indicators are putting the stock in 100% Buy category.
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 11.53% and 19.73% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 68.04, while 7-day volatility ratio is 2.18% and 3.43% in the 30-day chart. Further, ZEEKR Intelligent Technology Holding Ltd. ADR (ZK) has a beta value of 0.45, and an average true range (ATR) of 1.26. Analysts have given the company’s stock an average 52-week price target of $34.5, forecast between a low of $26 and high of $38. Looking at the price targets, the low is 10.87% off current price level while to achieve the yearly target high, price needs to move -30.27%. Nonetheless, investors will most likely welcome a -18.27% jump to $34.5 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 856.75K over the past 3 months. The company’s latest data on shares outstanding shows there are 253.10 million shares.
Current price change has pushed the stock 2.78% 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.
