Zillow Group Inc (NASDAQ:Z) shares, rose in value on Thursday, November 21, with the stock price up by 5.48% to the previous day’s close as strong demand from buyers drove the stock to $82.15.
Actively observing the price movement in the last trading, the stock closed the session at $77.88, falling within a range of $77.3 and $82.6784. The value of beta (5-year monthly) was 2.017. Referring to stock’s 52-week performance, its high was $78.33, and the low was $37.63. On the whole, Z has fluctuated by 37.93% over the past month.
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With the market capitalization of Zillow Group Inc currently standing at about $19.02 billion, investors are eagerly awaiting this quarter’s results, scheduled for in December.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 2.22B, with a low estimate of 531.45M and a high estimate of 555M. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 538.28M.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that Z’s technical picture suggests that short-term indicators denote the stock is a 100% 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 price of Z currently trading nearly 20.22% and 25.75% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 76.35, while the 7-day volatility ratio is showing 3.78% which for the 30-day chart, stands at 4.08%. Furthermore, Zillow Group Inc (Z)’s beta value is 1.97, and its average true range (ATR) is 3.14.
A comparison of Zillow Group Inc (Z) with its peers suggests the former has fared considerably weaker in the market. Z showed an intraday change of 5.48% in last session, and over the past year, it grew by 114.27%%.
Data on historical trading for Zillow Group Inc (NASDAQ:Z) indicates that the trading volumes over the past 10 days have averaged 4.12 and over the past 3 months, they’ve averaged 3.36 million. According to company’s latest data on outstanding shares, there are 171.85 million shares outstanding.
Nearly 34.66% of Zillow Group Inc’s shares belong to company insiders and institutional investors own 68.25% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.83 million shares as on 2024-10-31, resulting in a short ratio of 5.26. The stock has risen by 41.98% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the Z stock heading into the next quarter.
