With 1.13 million shares changed hands, the volume of the stock remained heavier than its average volume of 1.08 million shares. The 52-week range on ZIP shows that it touched its highest point at $11.25 and its lowest point at $4.25 during that stretch. It currently has a 1-year price target of $7.20. Beta for the stock currently stands at 1.16.
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 14.37%, but this was up by 2.54% over a month. Three-month performance dropped to -23.75% while six-month performance fell -44.06%. The stock lost -43.78% in the past year, while it has lost -21.96% so far this year. A look at the trailing 12-month EPS for ZIP yields -0.20 with Next year EPS estimates of -0.38. For the next quarter, that number is -0.13. This implies an EPS growth rate of -317.63% for this year and 30.72% for next year.
Float and Shares Shorts:
At present, 82.95 million ZIP shares are outstanding with a float of 67.72 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 -$0.14563 being high and -$0.14608 being low. For ZIP, this leads to a yearly average estimate of -$0.145855. Based on analyst estimates, the high estimate for the next quarter is $0.04 and the low estimate is -$0.03. The average estimate for the next quarter is thus $0.02.
