ZEEKR Intelligent Technology Holding Ltd. ADR (NYSE:ZK) 44.23% Above Its 52-Week Low, How Long Will It Keep Rising?

In last trading session, ZEEKR Intelligent Technology Holding Ltd. ADR (NYSE:ZK) saw 0.47 million shares changing hands with its beta currently measuring 0. Company’s recent per share price level of $23.31 trading at $0.87 or 3.89% at ring of the bell on the day assigns it a market valuation of $5.77B. That closing price of ZK’s stock is at a discount of -38.31% from its 52-week high price of $32.24 and is indicating a premium of 44.23% from its 52-week low price of $13.00. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.48 million shares which gives us an average trading volume of 1.17 million if we extend that period to 3-months.

For ZEEKR Intelligent Technology Holding Ltd. ADR (ZK), analysts’ consensus is at an average recommendation of Buy while assigning it a mean rating of 1.00. Splitting up the data highlights that, out of 4 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 0 suggested the stock as a Hold whereas 4 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of -2.65 in the current quarter.

ZEEKR Intelligent Technology Holding Ltd. ADR (NYSE:ZK) trade information

Upright in the green during last session for gaining 3.89%, in the last five days ZK remained trading in the green while hitting it’s week-highest on Wednesday, 11/27/24 when the stock touched $23.31 price level, adding 4.39% to its value on the day. ZEEKR Intelligent Technology Holding Ltd. ADR’s shares saw a change of -17.51% in year-to-date performance and have moved 5.48% in past 5-day. ZEEKR Intelligent Technology Holding Ltd. ADR (NYSE:ZK) showed a performance of -11.60% in past 30-days. Number of shares sold short was 1.88 million shares which calculate 1.32 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of 34.5 to the stock, which implies a rise of 32.43% to its current value. Analysts have been projecting 26 as a low price target for the stock while placing it at a high target of 38. It follows that stock’s current price would drop -11.54% in reaching the projected high whereas dropping to the targeted low would mean a loss of -11.54% for stock’s current value.

ZEEKR Intelligent Technology Holding Ltd. ADR (ZK) estimates and forecasts

Statistics highlight that ZEEKR Intelligent Technology Holding Ltd. ADR is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -7.49% of value to its shares in past 6 months, showing an annual growth rate of 69.49% while that of industry is 6.40. Apart from that, the company came raising its revenue forecast for fiscal year 2024.

3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 23.94B for the same. And 1 analysts are in estimates of company making revenue of 23.33B in the next quarter.

In 2024, company’s earnings growth rate is likely to be around 33.26% while estimates for its earnings growth in next 5 years are of 29.03%.

On the other hand, Renaissance Capital Greenwich Fds-Renaissance IPO ETF Fd and SPDR (R) Idx Shares-SPDR (R) S&P (R) China ETF are the top two Mutual Funds which own company’s shares. As of Sep 30, 2024 , the former fund manager was holding 22.7 shares of worth $0.53 million or 0.01% of the total outstanding shares. The later fund manager was in possession of 2.28 shares on Sep 30, 2024 , making its stake of worth around $53420.0 in the company or a holder of 0.00% of company’s stock.