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Zkinternationalgroup

$ZKIN Surges Over 139%: A Deep Dive into Recent Developments In recent weeks, ZK International (NASDAQ: NASDAQ:ZKIN ) has captured the attention of investors with an impressive rally, surging over 139% since the beginning of November to its current level of $1.07. This remarkable leap may be just the beginning of more substantial gains, particularly following NASDAQ:ZKIN 's successful bid to regain Nasdaq minimum bid compliance. The company's ability to address this compliance issue organically, without resorting to the common reverse split route, is noteworthy and adds a positive outlook to its future prospects. Nasdaq Minimum Bid Compliance: The recent announcement of ZKIN regaining Nasdaq minimum bid compliance is a significant milestone for the company. This accomplishment not only eliminates listing uncertainty but also positions ZKIN for potential upside moves. Unlike many microcap companies that opt for reverse splits to meet Nasdaq requirements, ZKIN's organic cure of the deficiency suggests a more stable foundation for its stock price. With the Nasdaq threshold now met, NASDAQ:ZKIN is poised to reclaim its 52-week high of $1.34, a mere 10% higher than its current level. Share Purchase Agreement (SPA) with CF Opportunity Fund, Ltd.: Addressing potential dilution concerns, NASDAQ:ZKIN secured a $5 million above-the-market passive Share Purchase Agreement (SPA) with CF Opportunity Fund, Ltd. (CF). This strategic move not only provides a significant financial boost but also instills confidence in the market. The terms of the SPA, with share purchases fixed at $1.70, represent a 39% premium over the current share price. This not only demonstrates CF's bullish stance on ZKIN's potential but also aligns the interests of the company and its shareholders. Financial Performance and Topline Growth: NASDAQ:ZKIN 's triple-digit percentage share price run is supported by tangible factors, particularly its robust topline growth. The company reported a noteworthy increase in comparative six-month revenues in 2023, surging by over 15% to $49,655,399. This impressive growth represents a $6,764,742 jump over the same period last year, showcasing ZKIN's resilience in the face of challenging market conditions, including increased costs of raw materials, especially nickel. Challenges and Market Conditions: NASDAQ:ZKIN 's ability to achieve substantial revenue growth despite challenges in the market, such as rising raw material costs, highlights its adaptability and strategic management. Nickel, a vital component of stainless steel and crucial to many of ZKIN's product productions, has experienced increased costs. Despite this, the company has navigated these challenges effectively, underlining its commitment to sustained growth and profitability. Key Takeaway As ZK International continues its upward trajectory on the Nasdaq, investors are presented with a compelling opportunity. The successful resolution of Nasdaq compliance issues, coupled with a shareholder-friendly SPA with CF Opportunity Fund, Ltd., positions NASDAQ:ZKIN for future success. The impressive topline growth and resilience in the face of market challenges further reinforce the positive outlook for the company. With the potential to reclaim its 52-week high and beyond, NASDAQ:ZKIN appears to be on a path of sustained growth and value creation for its shareholders.
NASDAQ:ZKINLong
by DEXWireNews
1
ZKIN 1D What do you like more? Rising to $14 or falling to 1.80$Back in December 2020, we noticed a global "Head and Shoulders" reversal pattern on the ZK International Group Co., Ltd stock chart and began publishing a series of ideas with reviews of how this pattern worked out. In fact, we made 7 exact ideas for growth from $1.80 to $14.60, pointing out the buy and sell zones during the growth. Since March 2021, there has been a correction on the ZKIN price chart. And finally, after 4 months of falling prices, signals from the chart began to appear that most likely ZKIN shares are buying again. The fall stopped in the liquidity zone of $2.90-3.20 . As you can see from the chart, this liquidity zone is a strong mirror level that has repeatedly played the role of reliable support and resistance. And now we have two scenarios for the development of events in the future: 1) fixing the price below $2.90 will open the way for a fall and retest on the strength of the base of the "Head and Shoulders" pattern to the area of ​​ $1.80 2) Activation of buyers from current prices will open the way for growth first to $7.50 , and globally to $14. Also, working out this scenario can form the "Cup with a handle" trend continuation pattern, but more on that in the next reviews.
NASDAQ:ZKIN
by P_S_trade
23
ZKIN breaking out from Inverted H&S pattern.The price of ZKIN has been corrective for some time and it has almost turned into an overall downtrend. However the losses were capped at $4.86 where the price found price on overall uptrend line (scroll to see) and has formed a reversal pattern. The price is currently a bit overbought and I expect the price to correct a bit before any more upside. I expect a correction to $6.20 with possible stem dips to $5.80, a good spot to get in. Break above $7.15 can bring some serious buying volume as it's usual in this stock price action. Key resistance levels are located at $7.15 $8.00 $8.80 $10.50 $12.00 $14.00 Break of each level will result in stronger bull push to the upside. Good luck! Tibor
NASDAQ:ZKINLong
by TiborVrbovsky
3
ZKIN 1D Soon a new movement up (part 7)We continue the series of Zkin stock ideas as the inverted H&S global figure is very attractive and in action now. Since the publication of the previous idea , the Zkin price has moved up by 50-60% to $12, after that the fall began, which we warned about. Yes, in the last few days, fluctuations and fall were observed on many stocks traded on Nasdaq, but the Zkin showed -66% - it makes us think. However, this fall did not go beyond the white parabolic growth. This fall filled the gap that we mentioned in the previous idea. Now the price may rise again, the levels that should be guided by growth are $8.50-$9.25-$10. Then another fall is possible in the zone of $6, where the price will decide : move the white route to the zone of $15-16 or the red route to $2.20.
NASDAQ:ZKIN
by P_S_trade
28
ZKIN 1D Soon a new movement up (part 6)We continue the series of Zkin stock ideas as the inverted H&S global figure is very attractive and in action now. In the previous idea, we said goodbye to you for a month, but only a week passed and here we are doing a new idea. And all because the cost of the Zkin stock made +100% for the week. T he growth takes a parabolic and vertical shape and a strong correction is already somewhere close. Let's assume that the growth will continue until the round number of $10 per Zkin stock. From there, a correction lasting 1-2 weeks can begin. The target for correction should be considered in the range of $5-6. Because in such a rapidly growing market, we formed a Gap in the zone of $5.30-5.80. TA rules recommend to overlap Gap, but this is not necessary) No matter what, the chart shows that globally our parabolic growth could have a logical conclusion in the range of $16.
NASDAQ:ZKIN
by P_S_trade
16
ZKIN 1D Soon a new movement up (part 5)We continue the series of Zkin stock ideas as the inverted H&S global figure is very attractive and in action now. It's been almost a month since the publication of our previous idea. We will immediately spoil and brag, because the price has made another predicted movement now it is +60% , check :) After 4 consecutive daily candles made false breakouts of the level $2.90, the price continued to move up evenly along the arrows drawn by us, for what we thank the market players. Given that the previous weekly candle was closed by a powerful green pillar, this week we can expect not too deep correction, which we assumed in previous ideas. How about making a correction to $3.90 and then start the next movement by +50%?) Let's check the effectiveness of this forecast soon)
NASDAQ:ZKIN
by P_S_trade
6