ZKIN, TIME TO BUY?
Hello fellow traders and investors, this stock was brought to my attention by another trader on trading view: KlejdiCuni. I thought I would do some research on this opportunity and share it with you guys.
ZKIN has recently pulled back to the support area, if it makes a recovery to the take profit area it offers a 70 to 85% ROI.
Technicals:
The Macd indicates that it's oversold and is now in an uptrend
The RSI is oversold
When To Buy:
Now
When To Sell:
In the take profit area
Fundamentals: ZK International is a leading manufacturer and engineer of high-performance stainless steel products for projects that require sophisticated water or gas pipeline systems. Leveraging its expertise, ZK International caters its products to infrastructure projects by urban planners, real estate developers, local governments, and municipalities to bring communities reliable and durable gas and water transmission systems. The Company's products including double-press thin-walled stainless steel tubes and fittings, carbon steel tubes and fittings, and single-press tubes and fittings, are sold predominately in China but are also exported and distributed in Europe and Southeast Asia. They have a P/S of 1.57, a debt/equity of 0.40, sales growth Q/Q of 65%, an EPS growth Q/Q of -123% which isn't good, a profit margin of -1.00%, a short float of 12%, an insider ownership of 33% and I do have to warn you that ZKIN is very volatile.
Rating: 80/100 the technicals look really good however I am not liking their EPS growth Q/Q so that's why I don't think they deserve 100/100.
And thank you to KlejdiCuni for bringing up this trade idea.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
ZKIN has recently pulled back to the support area, if it makes a recovery to the take profit area it offers a 70 to 85% ROI.
Technicals:
The Macd indicates that it's oversold and is now in an uptrend
The RSI is oversold
When To Buy:
Now
When To Sell:
In the take profit area
Fundamentals: ZK International is a leading manufacturer and engineer of high-performance stainless steel products for projects that require sophisticated water or gas pipeline systems. Leveraging its expertise, ZK International caters its products to infrastructure projects by urban planners, real estate developers, local governments, and municipalities to bring communities reliable and durable gas and water transmission systems. The Company's products including double-press thin-walled stainless steel tubes and fittings, carbon steel tubes and fittings, and single-press tubes and fittings, are sold predominately in China but are also exported and distributed in Europe and Southeast Asia. They have a P/S of 1.57, a debt/equity of 0.40, sales growth Q/Q of 65%, an EPS growth Q/Q of -123% which isn't good, a profit margin of -1.00%, a short float of 12%, an insider ownership of 33% and I do have to warn you that ZKIN is very volatile.
Rating: 80/100 the technicals look really good however I am not liking their EPS growth Q/Q so that's why I don't think they deserve 100/100.
And thank you to KlejdiCuni for bringing up this trade idea.
I hope you enjoyed this quick analysis and many more to come.
If you enjoyed leave a like, follow, comment your thoughts and share this trade idea.
Thanks.
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