Fannie Mae, Freddie Mac shares tumble after conservatorship comments
In a challenging year for CIIG Capital Partners (WA:CPAP) II, the parent company of ZAPP, the stock has tumbled to a 52-week low, reaching a price level of just 0.56 USD. According to InvestingPro data, the company’s overall financial health score is rated as WEAK, with concerning metrics across growth, profitability, and cash flow indicators. This significant downturn reflects a broader trend for the company, which has seen its stock value plummet by an alarming 82.58% over the past year. Investors have been wary as the company grapples with market volatility and internal challenges, with a current ratio of just 0.13 and rapidly depleting cash reserves. While analyst price targets range from $3 to $35, InvestingPro analysis reveals 16 additional key insights about the company’s financial position and future outlook.
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