KRKR Stock Summary and Trading Ideas (36Kr Holdings - American Depositary Shares | NASDAQ:KRKR)

36KR Holdings Inc is a holding company and conducts its business mainly through its subsidiaries, a VIE, and subsidiaries of the VIE. The Group is engaging in providing content and business services to new economy participants in the PRC. Its content production process includes content creation, content editing, screening and monitoring, and content distribution. The Group mainly generates revenues from providing online advertising services, enterprise value-added services, and subscription services. The Group's principal operations and geographic markets are substantially located in PRC.

36Kr Holdings - American Depositary Shares trades on the NASDAQ stock market under the symbol KRKR.

As of April 26, 2024, KRKR stock price declined to $0.37 with 4,871 million shares trading.

KRKR has a beta of -0.50, meaning it tends to be less sensitive to market movements. KRKR has a correlation of 0.02 to the broad based SPY ETF.

KRKR has a market cap of $15.03 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, KRKR stock traded as high as $3.15 and as low as $.31.

KRKR has underperformed the market in the last year with a return of -61.8%, while the SPY ETF gained +27.1%. In the last 3 month period, KRKR fell short of the market, returning -25.9%, while SPY returned +4.7%. However, in the most recent 2 weeks KRKR has outperformed the stock market by returning +5.7%, while SPY returned -1.7%.

KRKR support price is $.36 and resistance is $.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that KRKR stock will trade within this expected range on the day.