While ZEEKR Intelligent Technology Holding Ltd. ADR has underperformed by -1.57%, investors are advised to look at stock chart patterns for technical insight.
On October 03, 2024, Macquarie started tracking ZEEKR Intelligent Technology Holding Ltd. ADR (NYSE: ZK) recommending Outperform. A report published by Citigroup on June 24, 2024, Initiated its previous ‘Buy’ rating for ZK. Goldman also rated ZK shares as ‘Buy’, setting a target price of $34 on the company’s shares in an initiating report dated June 04, 2024. BofA Securities Initiated an Buy rating on June 04, 2024, and assigned a price target of $35.
Analysis of ZEEKR Intelligent Technology Holding Ltd. ADR (ZK)
Further, the quarter-over-quarter increase in sales is 32.16%, showing a positive trend in the upcoming months.
ZEEKR Intelligent Technology Holding Ltd. ADR’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. Taking into account the quick ratio of the company, currently set at 0.52, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
The average volume for any stock is also a very valuable indicator of volatility, and ZK has an average volume of 988.94K. On a monthly basis, the volatility of the stock is set at 6.46%, whereas on a weekly basis, it is put at 4.76%, with a loss of -10.03% over the past seven days. Furthermore, long-term investors anticipate a median target price of $36.21, showing growth from the present price of $25.74, which can serve as yet another indication of whether ZK is worth investing in or should be passed over.
How Do You Analyze ZEEKR Intelligent Technology Holding Ltd. ADR Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. This is because the values should be in line with investors’ expectations. As opposed to executive stock, institutional ownership accounts for 2.44% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ZK shares are owned by institutional investors to the tune of 2.44% at present.
