Zoetis Inc (NYSE:ZTS) shares, rose in value, with the stock price up by 0.17% to the previous day’s close as strong demand from buyers drove the stock to $167.24.
Actively observing the price movement in the recent trading, the stock is buoying the session at $166.96, falling within a range of $166.32 and $168.5875. The value of beta (5-year monthly) is 0.896 whereas the PE ratio is 31.44 over 12-month period. Referring to stock’s 52-week performance, its high was $200.53, and the low was $144.80. On the whole, ZTS has fluctuated by 1.46% over the past month.
With the market capitalization of Zoetis Inc currently standing at about $75.45 billion, investors are eagerly awaiting this quarter’s results, scheduled for in February. The company’s Forward Dividend Ratio is 1.80, with its dividend yield at 1.07%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 9.26B, with a low estimate of 2.29B and a high estimate of 2.35B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.32B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ZTS’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium-term indicators have put the stock in the category of 100% Sell while long-term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 3.38, with the price of ZTS currently trading nearly 1.20% and -2.15% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 48.99, while the 7-day volatility ratio is showing 2.16% which for the 30-day chart, stands at 2.08%. Furthermore, Zoetis Inc (ZTS)’s beta value is 0.89, and its average true range (ATR) is 3.61.
A comparison of Zoetis Inc (ZTS) with its peers suggests the former has fared considerably weaker in the market. ZTS showed an intraday change of 0.17% in today’s session so far, and over the past year, it shrunk by -11.09%%.
Data on historical trading for Zoetis Inc (NYSE:ZTS) indicates that the trading volumes over the past 10 days have averaged 3.05 and over the past 3 months, they’ve averaged 2.69 million. According to company’s latest data on outstanding shares, there are 451.55 million shares outstanding.
Nearly 0.09% of Zoetis Inc’s shares belong to company insiders and institutional investors own 94.72% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.99 million shares as on 2024-12-31, resulting in a short ratio of 2.93. According to the data, the short interest in Zoetis Inc (ZTS) stood at 155.00 of shares outstanding as of 2024-12-31; the number of short shares registered in 2024-11-29 reached 5.48 million. The stock has risen by 2.65% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ZTS stock heading into the next quarter.
