The volatility ratio for the week is 13.68%, and the volatility levels for the last 30 days are 9.65% for ZJK Industrial Co Ltd The simple moving average for the last 20 days is 133.16% for ZJK stock, with a simple moving average of 156.18% for the last 200 days.
Is It Worth Investing in ZJK Industrial Co Ltd (NASDAQ: ZJK) Right Now?
On December 03, 2024, ZJK’s average trading volume was 109.49K shares.
ZJK) stock’s latest price update
ZJK Industrial Co Ltd (NASDAQ: ZJK) has seen a rise in its stock price by 111.67 in relation to its previous close of 6.34. However, the company has experienced a 107.74% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-10-30 that Shenzhen, China, Oct. 30, 2024 (GLOBE NEWSWIRE) — ZJK Industrial Co., Ltd. (Nasdaq: ZJK) (the “Company”), a high-tech enterprise specialized in manufacturing and sale of precision fasteners, structural parts and other precision metal parts products for new energy vehicles and intelligent electronic equipment, today announced that the underwriters of its initial public offering (the “Offering”) have partially exercised their over-allotment option to purchase an additional 131,249 ordinary shares at the public offering price of US$5.00 per share. After giving effect to the partial exercise of the over-allotment option, the Company sold an aggregate 1,381,249 ordinary shares for gross proceeds of approximately US$6.91 million, before deducting underwriter discounts and other related expenses. The option closing date was October 30, 2024. The ordinary shares began trading on The Nasdaq Capital Market on September 30, 2024, under the ticker symbol “ZJK.”
ZJK Trading at 156.18% from the 50-Day Moving Average
After a stumble in the market that brought ZJK to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 80.62% of gains for the given period.
Volatility was left at 9.65%, however, over the last 30 days, the volatility rate increased by 13.68%, as shares surge +331.75% for the moving average over the last 20 days.
During the last 5 trading sessions, ZJK rose by +209.44%, in comparison to the 20-day moving average, which settled at $6.08. In addition, ZJK Industrial Co Ltd saw 168.40% in overturn over a single year, with a tendency to cut further gains.
Conclusion
To wrap up, the performance of ZJK Industrial Co Ltd (ZJK) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
