ZK International Group Co. Ltd. (NASDAQ:ZKIN) shares traded higher over the last trading session, gaining 17.55% on 02/22/21. The shares fell to a low of $7.39 before closing at $10.25. Intraday shares traded counted 8.21 million, which was -374.58% lower than its 30-day average trading volume of 1.73M. ZKIN’s previous close was $8.72 while the outstanding shares total 16.56M. The firm has a beta of 2.31. The stock’s Relative Strength Index (RSI) is 92.77, with weekly volatility at 30.84% and ATR at 1.04. The ZKIN stock’s 52-week price range has touched low of $0.65 and a $8.74 high.
Investors have identified the Steel company ZK International Group Co. Ltd. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $180.30 million, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
ZK International Group Co. Ltd. (ZKIN) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For ZKIN, the company has in raw cash 1.39 million on their books with 17.14 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 56.34 million total, with 32.14 million as their total liabilities.
Is the stock of ZKIN attractive?
In the last 6 months, insiders have changed their ownership in shares of company stock by 62.04%.