What Does 2024 Hold For Zapata Computing Holdings Inc. (NASDAQ:ZPTA)?

Zapata Computing Holdings Inc. (NASDAQ:ZPTA) price on Thursday, July 11, rose 4.93% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $0.60.

A look at the stock’s price movement, the level at last check in today’s session was $0.57. Turning to its 52-week performance, $18.50 and $0.51 were the 52-week high and 52-week low respectively. Overall, ZPTA moved -22.25% over the past month.

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Zapata Computing Holdings Inc.’s market cap currently stands at around $19.19 million.

Turning to the stock’s technical picture we see that short term indicators suggest on average that ZPTA is a 100% Sell. On the other hand, the stock is on average a 100% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.

ZPTA’s current price about -2.60% and -30.31% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 35.86, while 7-day volatility ratio is 7.20% and 9.26% in the 30-day chart. Further, Zapata Computing Holdings Inc. (ZPTA) has a beta value of 0.34, and an average true range (ATR) of 0.07.

If we refocus on Zapata Computing Holdings Inc. (NASDAQ:ZPTA), historical trading data shows that trading volumes averaged 1.36 million over the past 3 months. The company’s latest data on shares outstanding shows there are 31.98 million shares.

The 34.63% of Zapata Computing Holdings Inc.’s shares are in the hands of company insiders while institutional holders own 5.09% of the company’s shares. Current price change has pushed the stock -94.48% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ZPTA stock continues to rise going into the next quarter.

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