The trading price of ZoomInfo Technologies Inc. (NASDAQ:ZI) closed lower on Tuesday, Jan 12, closing at $44.01, 0% lower than its previous close.
Traders who pay close attention to intraday price movement should know that it fluctuated between $42.90 and $44.80. The company’s P/E ratio in the trailing 12-month period was 0, while its 5Y monthly beta was 0. In examining the 52-week price action we see that the stock hit a 52-week high of $64.4 and a 52-week low of $30.83. Over the past month, the stock has gained 7.58% in value.
Here is the average analyst rating on the stock as represented by 1.00 to 5.00, with the extremes of 1.00 and 5.00 suggesting the stock should be considered as either strong buy or strong sell respectively. The number of analysts that have assigned ZI a recommendation rating is 17. Out of them, 4 rate it a Hold, while 12 recommend Buy, whereas 1 assign an Outperform rating. None analyst(s) have tagged ZoomInfo Technologies Inc. (ZI) as Underperform, while not any of them advise Sell. Analysts have rated the stock Overweight, likely urging investors to take advantage of the opportunity to add to their holdings of the company’s shares.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 0, which symbolizes a positive outlook. A quick review shows that ZI’s price is currently -0.88% off the SMA20 and 1.75% off the SMA50. The RSI metric on the 14-day chart is currently showing 49.03, and weekly volatility stands at 4.47%. When measured over the past 30 days, the indicator reaches 5.44%. ZoomInfo Technologies Inc. (NASDAQ:ZI)’s beta value is currently sitting at 0, while the Average True Range indicator is currently displaying 2.43. With analysts defining $43-$60 as the low and high price targets, we arrive at a consensus price target of $53.75 for the trailing 12-month period. The current price is about -2.29% off the estimated low and 36.33% off the forecast high, based on this estimate. Investors will be thrilled if ZI’s share price rises to $54, which is the median consensus price. At that level, ZI’s share price would be +22.7% above current price.
To see how ZoomInfo Technologies Inc. stock has been performing in comparison to its peers in the industry, here are the numbers: ZI stock’s performance was 0% in the latest trading, and 0% in the past year, while International Business Machines (IBM) has traded +0.49% on the day and positioned -5.41% lower than it was a year ago. Another comparable company Hewlett Packard Enterprise Comp (HPE) saw its stock close 1.42% higher in the most recent trading session but was down -21.93% in a year. Furthermore, NCR Corp (NCR) showed a decline of 0% on the day while its price kept declining at 0% over the past year. ZoomInfo Technologies Inc. has a P/E ratio of 0, compared to International Business Machines 14.42 and Hewlett Packard Enterprise Comp’s 0. Also in last trading session, the S&P 500 Index has surged 0.04%, while the Dow Jones Industrial also saw a positive session, up +0.19% on the day.
An evaluation of the daily trading volume of ZoomInfo Technologies Inc. (NASDAQ:ZI) indicates that the 3-month average is 2.23 Million. However, this figure has declined over the past 10 days to an average of 1.82 Million.
Currently, records show that 69.24 Million of the company’s shares remain outstanding. According to Thomson Reuters data, insiders hold 0% of outstanding shares, whereas institutions hold 95.27%. The stats also highlight that short interest as of December 14, 2020, stood at 11.12 Million shares, resulting in a short ratio of 3.77 at that time. From this, we can conclude that short interest is 2.86% of the company’s total outstanding shares. It is noteworthy that short shares in December were down slightly from the previous month’s figure, which was 13.12 Million. However, since the stock’s price has seen -8.75% year-to-date, investors’ interest is likely to be reignited due to its potential to move higher ahead.
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