The stock of Kanzhun Ltd ADR (NASDAQ: BZ) has increased by 12.17 when compared to last closing price of 13.92. Despite this, the company has experienced a 11.53% gain in its stock price over the last five trading sessions. globenewswire.com reported 2024-11-29 that BEIJING, Nov. 29, 2024 (GLOBE NEWSWIRE) — KANZHUN LIMITED (“BOSS Zhipin” or the “Company”) (Nasdaq: BZ; HKEX: 2076), a leading online recruitment platform in China, today announced that it will report its unaudited consolidated results for the third quarter ended September 30, 2024, before the U.S. market opens on Wednesday, December 11, 2024.
Is It Worth Investing in Kanzhun Ltd ADR (NASDAQ: BZ) Right Now?
Kanzhun Ltd ADR (NASDAQ: BZ) has a higher price-to-earnings ratio of 36.04x compared to its average ratio, The 36-month beta value for BZ is at 0.50. Analysts have varying views on the stock, with 16 analysts rating it as a “buy,” 5 rating it as “overweight,” 3 as “hold,” and 0 as “sell.”
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The public float for BZ is 343.81M, and currently, shorts hold a 5.10% of that float. The average trading volume for BZ on December 09, 2024 was 4.75M shares.
BZ’s Market Performance
BZ’s stock has seen a 11.53% increase for the week, with a 1.86% rise in the past month and a 29.05% gain in the past quarter. The volatility ratio for the week is 4.35%, and the volatility levels for the past 30 days are at 4.03% for Kanzhun Ltd ADR The simple moving average for the last 20 days is 15.06% for BZ stock, with a simple moving average of -7.00% for the last 200 days.
Analysts’ Opinion of BZ
CLSA, on the other hand, stated in their research note that they expect to see BZ reach a price target of $18. The rating they have provided for BZ stocks is “Outperform” according to the report published on November 18th, 2024.
BZ Trading at 4.09% from the 50-Day Moving Average
After a stumble in the market that brought BZ to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -31.33% of loss for the given period.
Volatility was left at 4.03%, however, over the last 30 days, the volatility rate increased by 4.35%, as shares surge +4.87% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -9.11% lower at present.
During the last 5 trading sessions, BZ rose by +11.54%, which changed the moving average for the period of 200-days by +4.10% in comparison to the 20-day moving average, which settled at $13.57. In addition, Kanzhun Ltd ADR saw -5.99% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at BZ starting from Techwolf Limited, who proposed sale 120,000 shares at the price of $17.18 back on Sep 30 ’24. After this action, Techwolf Limited now owns shares of Kanzhun Ltd ADR, valued at $2,061,600 using the latest closing price.
Stock Fundamentals for BZ
Current profitability levels for the company are sitting at:
- 0.14 for the present operating margin
- 0.83 for the gross margin
The net margin for Kanzhun Ltd ADR stands at 0.21. The total capital return value is set at 0.06. Equity return is now at value 10.40, with 8.05 for asset returns.
Currently, EBITDA for the company is 839.72 million with net debt to EBITDA at -3.25. When we switch over and look at the enterprise to sales, we see a ratio of 6.98. The receivables turnover for the company is 191.86for trailing twelve months and the total asset turnover is 0.36. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.58.
Conclusion
In conclusion, Kanzhun Ltd ADR (BZ) has had a better performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.