What Makes Zeta Global Holdings Corp (NYSE: ZETA) One Of The Best Momentum Picks?

Zeta Global Holdings Corp (NYSE:ZETA) shares, rose in value, with the stock price up by 1.86% to the previous day’s close as strong demand from buyers drove the stock to $16.68.

Actively observing the price movement in the recent trading, the stock is buoying the session at $16.38. Referring to stock’s 52-week performance, its high was $18.58, and the low was $7.24. On the whole, ZETA has fluctuated by 7.16% over the past month.

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Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 900.39M, with a low estimate of 211.37M and a high estimate of 214M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 212.42M.

Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ZETA’s technical picture suggests that short-term indicators denote the stock is a 50% Buy on average. However, medium-term indicators have put the stock in the category of 100% Buy while long-term indicators on average have been pointing out that it is a 100% Buy.

The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ZETA currently trading nearly -0.41% and 19.18% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 59.42, while the 7-day volatility ratio is showing 4.14% which for the 30-day chart, stands at 3.69%. Furthermore, Zeta Global Holdings Corp (ZETA)’s beta value is 1.23, and its average true range (ATR) is 0.66.

A comparison of Zeta Global Holdings Corp (ZETA) with its peers suggests the former has fared considerably weaker in the market. ZETA showed an intraday change of 1.86% in today’s session so far, and over the past year, it grew by 87.68%%.

Data on historical trading for Zeta Global Holdings Corp (NYSE:ZETA) indicates that the trading volumes over the past 3 months, they’ve averaged 2.07 million. According to company’s latest data on outstanding shares, there are 188.63 million shares outstanding.

Nearly 26.37% of Zeta Global Holdings Corp’s shares belong to company insiders and institutional investors own 55.66% of the company’s shares. The stock has risen by 89.17% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ZETA stock heading into the next quarter.

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