Analysts Issue Research Notes On Zovio Inc (ZVO)

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Zovio Inc (NASDAQ:ZVO) finished Wednesday with a subtraction of -$0.03 to close at $0.17, a downside of -10.91 percent. An average of 1,083,060 shares of common stock have been traded in the last five days. There was a fall of -$0.0810 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,157,185 shares traded, while the 50-day average volume stands at 742,384.

ZVO stock has decreased by -39.33% in the last month. The company shares reached their 1-month lowest point of $0.1500 on 09/21/22. With the stock rallying to its 52-week high on 01/05/22, shares of the company touched a low of $0.19 and a high of $2.49 in 52 weeks. It has reached a new high 3 times so far this year and lost -86.30% or -$1.0960 in price. In spite of this, the price is down -93.01% from the 52-week high.


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Valuation Metrics

Zovio Inc (ZVO) stock’s beta is 1.09. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.03, the price-to-book (PB) ratio at 0.92.

Financial Health

The quick ratio of Zovio Inc for the three months ended December 30 was 0.90, and the current ratio was 0.90, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 0.42 and a total debt to equity ratio of 0.42 for the quarter ending December 30. Its gross profit as reported stood at $263.03 million compared to revenue of $263.03 million.

Earnings Surprise

For the three-month period that ended December 30, Zovio Inc had $0.23 million in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$4.67 million in the quarter, while revenues of -$7.44 million were grew 13.7%. The analyst consensus anticipated Zovio Inc’s latest quarter earnings to come in at -$0.28 per share, but it turned out to be -$0.23, a 17.90% surprise. For the quarter, EBITDA amounted to $1.04 million. Shareholders own equity worth $34.21 million.

Technical Picture

From a technical analysis perspective, let’s take a brief look at Zovio Inc (ZVO) price momentum. RSI 9-day as of the close on 21 September was 16.01%, suggesting the stock is oversold, with historical volatility in this time frame at 88.32%.

As of today, ZVO’s price is $0.2048 -31.76% or -$0.0810 from its 5-day moving average. ZVO is currently trading -36.19% lower than its 20-day SMA and -75.89% lower than its 100-day SMA. However, the stock’s current price level is -81.09% below the SMA50 and -87.92% below the SMA200.

The stochastic %K and %D were 7.10% and 5.13%, respectively, and the average true range (ATR) was 0.0297. With the 14-day stochastic at 17.29% and the average true range at 0.0337, the RSI (14) stands at 18.78%. The stock has reached -0.0327 on the 9-day MACD Oscillator while the 14-day reading was at -0.0432.

Analyst Ratings

Northland Capital launched coverage on Zovio Inc (NASDAQ: ZVO) in its analyst report released on April 09, 2021. The firm assigned the stock an Outperform rating.

What is ZVO’s price target for the next 12 months?

Analysts predict a range of price targets between $5.00 and $5.00, with a median target of $5.00. Taking a look at these predictions, the average price target given by analysts for Zovio Inc (ZVO) stock is $5.00.

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