Last Updated: 15 Sep 2024
Executive Summary
Kanzhun Ltd ADR (BZ) is a leading online recruitment platform in China. The company's stock has been under pressure in recent months, but it remains a fundamentally sound company with a strong track record of growth. The latest stock price of $12.16 is below the analyst target price of $17.71, suggesting that there may be an opportunity for investors to buy the stock at a discount.
Company Overview
Kanzhun Ltd ADR was founded in 2005 and is headquartered in Beijing, China. The company operates an online recruitment platform, BOSS Zhipin, which assists in the recruitment process between job seekers and employers of companies and corporations. The company has a strong market position in China, with over 200 million registered users.
Fundamental Analysis
Kanzhun Ltd ADR has a strong financial profile. The company has been profitable for the past several years, and its revenue and earnings have grown steadily. In the most recent quarter, the company reported revenue of $680.7 million, up 28.8% year-over-year. The company also reported diluted EPS of $0.44, up 34.3% year-over-year.
The company's financial ratios are also healthy. The company has a trailing PE ratio of 27.64, which is in line with the industry average. The company also has a strong balance sheet, with a debt-to-equity ratio of 0.23.
Technical Analysis
The technical analysis of Kanzhun Ltd ADR is mixed. The stock is currently trading below its 50-day and 200-day moving averages, which suggests that the stock is in a downtrend. However, the stock has recently formed a bullish pattern, which suggests that the stock may be ready to reverse its downtrend.
Short Term Outlook
The short-term outlook for Kanzhun Ltd ADR is mixed. The stock is currently trading below its key moving averages, which suggests that the stock is in a downtrend. However, the stock has recently formed a bullish pattern, which suggests that the stock may be ready to reverse its downtrend.
Long Term Outlook
The long-term outlook for Kanzhun Ltd ADR is positive. The company is a leader in the online recruitment market in China, and the company's financial profile is strong. The company is also well-positioned to benefit from the continued growth of the Chinese economy.
Analyst Recommendations
The majority of analysts have a buy rating on Kanzhun Ltd ADR. The average analyst target price is $17.71, which suggests that there may be an opportunity for investors to buy the stock at a discount.
