With 598.04M Outstanding Shares, Can ZTO Express (Cayman) Inc ADR (NYSE: ZTO) Deliver Big Short-Term Gains?

ZTO Express (Cayman) Inc ADR (NYSE:ZTO) currently has a daily average trading volume of 3.09M but it saw 1826893 shares traded in last market. With a market cap of 11.15B USD, the company’s current market price of $18.64 came falling about -0.11 while comparing to the previous closing price of $18.66. In past 52 weeks, the stock remained buoying in the range of price level as high as $27.50 and as low as $15.90. In the recent trading on the day, stock has struck highest price mark of $18.64 while lowest mark touched by it was $18.84.

Taking a look at 20-day trading activity of ZTO Express (Cayman) Inc ADR (ZTO) gives us an average price of $20.09, while its current price level is -32.22% below from 52-week high level whereas it is 17.27% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $22.93 while that of 200 days or SMA-200 reads an average of $21.56. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.69% during that period while stretching the period over a month that increases to 2.58%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 24.94 which implies that the stock is in oversold territory.

BofA Securities downgraded its recommendation for the stock as a “Neutral” from “Buy” on November 07, 2023 while assigning a price target range of $34-$28. Goldman issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $37 and $42.

Over the week, ZTO’s stock price is moving -2.97% down while it is -18.85% when we observe its performance for the past one month. Year-to-date it is -12.41% down and over the past year, the stock is showing a downside performance of -12.86%.

Currently, ZTO Express (Cayman) Inc ADR’s total number of outstanding shares is 598.04M. Company’s return on investment (ROI) stands at 13.77% and return on equity (ROE) at 14.45%. It has a price to earnings ratio (P/E ratio) of 13.05 while having a 10.17 of forward P/E ratio. Stock’s beta reads -0.14. Stock has a price to book (P/B) ratio of 1.74 while price to sale or P/S ratio amounts to 1.91. Its return on asset (ROA) is 9.47% on average.