With 0.86 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.53 million shares. The 52-week range on ZIP shows that it touched its highest point at $12.84 and its lowest point at $5.26 during that stretch. It currently has a 1-year price target of $7.80. Beta for the stock currently stands at 1.17.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ZIP was up-trending over the past week, with a rise of 2.86%, but this was down by -27.82% over a month. Three-month performance dropped to -32.00% while six-month performance fell -40.25%. The stock lost -54.18% in the past year, while it has lost -20.44% so far this year. A look at the trailing 12-month EPS for ZIP yields -0.13 with Next year EPS estimates of -0.38. For the next quarter, that number is -0.16. This implies an EPS growth rate of -348.70% for this year and 35.34% for next year.
Float and Shares Shorts:
At present, 75.61 million ZIP shares are outstanding with a float of 70.22 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ZIP since 4 analysts follow the stock currently. There are 2 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of -$0.14542 being high and -$0.14608 being low. For ZIP, this leads to a yearly average estimate of -$0.14575. Based on analyst estimates, the high estimate for the next quarter is $0.06 and the low estimate is $0.01. The average estimate for the next quarter is thus $0.03.
