Ermenegildo Zegna N.V (NYSE:ZGN) shares, rose in value on Friday, December 13, with the stock price up by 1.62% to the previous day’s close as strong demand from buyers drove the stock to $8.78.
Actively observing the price movement in the last trading, the stock closed the session at $8.64, falling within a range of $8.64 and $8.805. The value of beta (5-year monthly) was 0.658 whereas the PE ratio was 20.61 over 12-month period. Referring to stock’s 52-week performance, its high was $15.26, and the low was $7.13. On the whole, ZGN has fluctuated by 14.77% over the past month.
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With the market capitalization of Ermenegildo Zegna N.V currently standing at about $3.58 billion, investors are eagerly awaiting this quarter’s results, scheduled for in January. The company’s Forward Dividend Ratio is 0.13, with its dividend yield at 1.47%.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ZGN’s technical picture suggests that short-term indicators denote the stock is a Hold on average. However, medium-term indicators have put the stock in the category of 50% Sell while long-term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the price of ZGN currently trading nearly 8.76% and 9.01% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 67.87, while the 7-day volatility ratio is showing 3.05% which for the 30-day chart, stands at 4.32%. Furthermore, Ermenegildo Zegna N.V (ZGN)’s beta value is 0.67, and its average true range (ATR) is 0.33.
A comparison of Ermenegildo Zegna N.V (ZGN) with its peers suggests the former has fared considerably weaker in the market. ZGN showed an intraday change of 1.62% in last session, and over the past year, it shrunk by -25.28%%.
Data on historical trading for Ermenegildo Zegna N.V (NYSE:ZGN) indicates that the trading volumes over the past 10 days have averaged 0.93 and over the past 3 months, they’ve averaged 949.93K. According to company’s latest data on outstanding shares, there are 252.42 million shares outstanding.
Nearly 76.02% of Ermenegildo Zegna N.V’s shares belong to company insiders and institutional investors own 21.64% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 2.05 million shares as on 2024-11-29, resulting in a short ratio of 1.72. According to the data, the short interest in Ermenegildo Zegna N.V (ZGN) stood at 319.00 of shares outstanding as of 2024-11-29; the number of short shares registered in 2024-10-31 reached 2.08 million. The stock has fallen by -24.11% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ZGN stock heading into the next quarter.
