ZEEKR Intelligent Technology Holding Ltd. ADR (ZK) shares projected to rise by 50.17%

ZEEKR Intelligent Technology Holding Ltd. ADR [ZK] stock is trading at $21.09, up 15.06%. An important factor to consider is whether the stock is rising or falling in short-term value. The ZK shares have gain 30.10% over the last week, with a monthly amount glided 39.67%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

ZEEKR Intelligent Technology Holding Ltd. ADR [NYSE: ZK] stock has seen the most recent analyst activity on June 24, 2024, when Citigroup initiated its Buy rating and assigned the stock a price target of $32.40. Previously, Goldman started tracking the stock with Buy rating on June 04, 2024, and set its price target to $34. On June 04, 2024, BofA Securities initiated with a Buy rating and assigned a price target of $35 on the stock.

ZEEKR Intelligent Technology Holding Ltd. ADR [ZK] stock has fluctuated between $13.00 and $32.24 over the past year. Currently, Wall Street analysts expect the stock to reach $31.67 within the next 12 months. ZEEKR Intelligent Technology Holding Ltd. ADR [NYSE: ZK] shares were valued at $21.09 at the most recent close of the market. An investor can expect a potential return of 50.17% based on the average ZK price forecast.

Analyzing the ZK fundamentals

ZEEKR Intelligent Technology Holding Ltd. ADR [NYSE:ZK] reported sales of 9.02B for the trailing twelve months, which represents a growth of 53.56%. Gross Profit Margin for this corporation currently stands at 0.15% with Operating Profit Margin at -0.13%, Pretax Profit Margin comes in at -0.13%, and Net Profit Margin reading is -0.13%. To continue investigating profitability, this company’s Return on Assets is posted at -0.27, Equity is 0.93 and Total Capital is 1.7. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-1.23.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 19.28 points at the first support level, and at 17.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 22.38, and for the 2nd resistance point, it is at 23.67.

Ratios To Look Out For

For context, ZEEKR Intelligent Technology Holding Ltd. ADR’s Current Ratio is 0.67. On the other hand, the Quick Ratio is 0.56, and the Cash Ratio is 0.21. Considering the valuation of this stock, the price to sales ratio is 0.58.

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