The 36-month beta value for ZKIN is also noteworthy at 1.99.
The public float for ZKIN is 23.87M, and at present, short sellers hold a 1.83% of that float. The average trading volume of ZKIN on November 13, 2024 was 343.76K shares.
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ZKIN) stock’s latest price update
ZK International Group Co Ltd (NASDAQ: ZKIN)’s stock price has plunge by 6.59relation to previous closing price of 0.50. Nevertheless, the company has seen a -2.25% plunge in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-13 that WENZHOU, China, Nov. 13, 2024 /PRNewswire/ — ZK International Group Co., Ltd. (Nasdaq: ZKIN) (” ZK International” or the “Company”), a leading engineering Company focused on high-performance steel products, is pleased to announce its preparation to accept cryptocurrency payments, including Bitcoin, as part of its continued efforts to enhance transaction efficiency and strengthen relationships with its international suppliers, vendors, and local customers in China.
ZKIN’s Market Performance
ZKIN’s stock has fallen by -2.25% in the past week, with a monthly rise of 8.08% and a quarterly rise of 8.52%. The volatility ratio for the week is 12.07% while the volatility levels for the last 30 days are 9.86% for ZK International Group Co Ltd The simple moving average for the last 20 days is -4.45% for ZKIN stock, with a simple moving average of -8.44% for the last 200 days.
ZKIN Trading at 3.54% from the 50-Day Moving Average
After a stumble in the market that brought ZKIN to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -60.36% of loss for the given period.
Volatility was left at 9.86%, however, over the last 30 days, the volatility rate increased by 12.07%, as shares surge +5.25% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +17.31% upper at present.
During the last 5 trading sessions, ZKIN fell by -1.94%, which changed the moving average for the period of 200-days by -28.43% in comparison to the 20-day moving average, which settled at $0.5601. In addition, ZK International Group Co Ltd saw -45.40% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ZKIN
Current profitability levels for the company are sitting at:
- -0.53 for the present operating margin
- 0.01 for the gross margin
The net margin for ZK International Group Co Ltd stands at -0.54. The total capital return value is set at -1.62. Equity return is now at value -106.74, with -61.78 for asset returns.
Currently, EBITDA for the company is -6.26 million with net debt to EBITDA at -3.1. When we switch over and look at the enterprise to sales, we see a ratio of 0.37. The receivables turnover for the company is 5.51for trailing twelve months and the total asset turnover is 1.49. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.55.
Conclusion
In summary, ZK International Group Co Ltd (ZKIN) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing 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.
