The volatility ratio for the week is 6.03%, and the volatility levels for the past 30 days are 6.55% for ZK. The simple moving average for the past 20 days is -15.60% for ZK’s stock, with a -29.11% simple moving average for the past 200 days.
Is It Worth Investing in ZEEKR Intelligent Technology Holding Ltd. ADR (NYSE: ZK) Right Now?
Opinions on the stock are mixed, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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On August 02, 2024, the average trading volume of ZK was 840.72K shares.
ZK) stock’s latest price update
ZEEKR Intelligent Technology Holding Ltd. ADR (NYSE: ZK)’s stock price has dropped by -9.42 in relation to previous closing price of 16.98. Nevertheless, the company has seen a loss of -10.94% in its stock price over the last five trading days. prnewswire.com reported 2024-08-01 that HANGZHOU, China, Aug. 1, 2024 /PRNewswire/ — ZEEKR Intelligent Technology Holding Limited (“ZEEKR” or the “Company”) (NYSE: ZK), a fast-growing intelligent battery electric vehicle (“BEV”) technology company, today announced its delivery results for July 2024. ZEEKR delivered 15,655 vehicles in July 2024, marking a 30% year-over-year increase.
Analysts’ Opinion of ZK
Many brokerage firms have already submitted their reports for ZK stocks, with Citigroup repeating the rating for ZK by listing it as a “Buy.” The predicted price for ZK in the upcoming period, according to Citigroup is $32.40 based on the research report published on June 24, 2024 of the current year 2024.
Goldman, on the other hand, stated in their research note that they expect to see ZK reach a price target of $34. The rating they have provided for ZK stocks is “Buy” according to the report published on June 04th, 2024.
BofA Securities gave a rating of “Buy” to ZK, setting the target price at $35 in the report published on June 04th of the current year.
ZK Trading at -26.81% from the 50-Day Moving Average
After a stumble in the market that brought ZK to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -52.30% of loss for the given period.
Volatility was left at 6.55%, however, over the last 30 days, the volatility rate increased by 6.03%, as shares sank -21.81% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -43.27% lower at present.
During the last 5 trading sessions, ZK fell by -10.94%, in comparison to the 20-day moving average, which settled at $18.01. In addition, ZEEKR Intelligent Technology Holding Ltd. ADR saw -45.58% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ZK
The liquidity ratio also appears to be rather interesting for investors as it stands at 0.60.
Conclusion
To sum up, ZEEKR Intelligent Technology Holding Ltd. ADR (ZK) has seen a bad performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
