Zumiez Inc (NASDAQ:ZUMZ) price on Friday, January 17, fall -1.34% below its previous day’s close as a downside momentum from buyers pushed the stock’s value to $15.47.
A look at the stock’s price movement, the close in the last trading session was $15.68, moving within a range at $15.3 and $15.93. The beta value (5-Year monthly) was 1.239. Turning to its 52-week performance, $31.37 and $12.90 were the 52-week high and 52-week low respectively. Overall, ZUMZ moved -23.03% over the past month.
Zumiez Inc’s market cap currently stands at around $296.60 million, with investors looking forward to this quarter’s earnings report slated for in February.
Analysts have a consensus estimate of 276.46M for the company’s revenue for the quarter, with a low and high estimate of 276M and 277.25M respectively. The average forecast suggests down to a -1.90% growth in sales growth compared to quarterly growth in the same period last fiscal year. Wall Street analysts have also projected the company’s year-on-year revenue to grow to 888.38M, representing a 1.47% jump on that reported in the last financial year.
Turning to the stock’s technical picture we see that short term indicators suggest on average that ZUMZ 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 50% Sell category.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 2 analyst(s) rate the stock as a Hold, 0 recommend ZUMZ as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Hold which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
ZUMZ’s current price about -15.34% and -24.15% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 29.17, while 7-day volatility ratio is 6.92% and 5.05% in the 30-day chart. Further, Zumiez Inc (ZUMZ) has a beta value of 1.26, and an average true range (ATR) of 1.06. Analysts have given the company’s stock an average 52-week price target of $19.5, forecast between a low of $19 and high of $20. Looking at the price targets, the low is -22.82% off current price level while to achieve the yearly target high, price needs to move -29.28%. Nonetheless, investors will most likely welcome a -26.05% jump to $19.5 which is the analysts’ median price.
If we refocus on Zumiez Inc (NASDAQ:ZUMZ), historical trading data shows that trading volumes averaged 0.29 over the past 10 days and 267.25K over the past 3 months. The company’s latest data on shares outstanding shows there are 19.17 million shares.
The 20.68% of Zumiez Inc’s shares are in the hands of company insiders while institutional holders own 80.62% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 0.93 million on 2024-11-15, giving us a short ratio of 4.54. The data shows that as of 2024-11-15 short interest in Zumiez Inc (ZUMZ) stood at 722.0 of shares outstanding, with shares short falling to 1.18 million registered in 2024-10-15. Current price change has pushed the stock -19.30% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the ZUMZ stock continues to rise going into the next quarter.
