36Kr Holdings Inc. (NASDAQ: KRKR) surged 44.44% to $6.50 in today’s pre-opening session. The company’s shares ended the day at $4.53, 19.36% higher than the previous day. During the last trading session, prices ranged between $3.78 and $4.53. Under the target price of $5.25, shares of the company are down by -16.67%. Today, the company’s market cap is $181.44 million.
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There is no clear answer to why this stock is surging, aside from “restless investors.”The only new information that directly affects stocks is the announcement on the fourth day of this calendar year that it is going to participate in the following virtual investor conferences:
Morgan Stanley China New Economy Summit, January 6-8, 2021
Needham 23rd Annual Growth Conference, January 11-15, 2021
Throughout these events, management will meet online with institutional investors.
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36Kr Holdings Inc. (NASDAQ: KRKR) is a prominent brand and a pioneering platform geared towards providing New Economy participants in China with goods and services tailored to their needs. In the pioneering period of China’s New Economy, the Company provided high-quality content with a diversity of distribution channels.
The 36Kr Holdings Inc. stock is held by a number of high-value investors, with HRT Financial LLC being the largest direct holder, with 28055 shares. With 150 shares of the company’s stock, Advisory Services Network, LLC is the second-largest direct holder.
Investment professionals are closely following the 36Kr Holdings Inc. (NASDAQ: KRKR), analyst recommendations. In accordance with the current recommendations of the analysts, KRKR is given a Buy rating. At a scale of 1 to 5, the current average brokerage firm recommendation for the stock reads 2. A score of 0 to 2 indicates a Buy recommendation, while a score of 2 to 3 suggests the stock should be held while a score of 3 or higher indicates a Sell recommendation. Currently, one of the Wall Street analysts recommends the stock as a Buy.