Analyzing Ermenegildo Zegna N.V. (ZGN) By Technical Indicators


As of Wednesday close, Ermenegildo Zegna N.V.’s (NYSE:ZGN) stock was down -$0.21, moving down -1.83 percent to $11.29. The average number of shares traded per day over the past five days has been 246,700 shares. 3 times new highs have been achieved over the past 5 days, with a $0.32 gain in that time frame. In the last twenty days, the average volume was 141,865, while in the previous 50 days, it was 96,808.

Since last month, ZGN stock rose 4.25%. Shares of the company fell to $10.67 on 10/25/22, the lowest level in the past month. Since the beginning of this year, ZGN’s stock price has risen by 7.73% or $0.81, and marked a new high 3 times. However, the stock has declined by -10.75% since its 52-week high.

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Financial Health

In the recent quarter, Ermenegildo Zegna N.V.’s quick ratio stood at 1.10, while its current ratio was 1.60, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the recent quarter was 1.02, and the total debt-to-equity ratio was 1.58. On the profitability front, the trailing twelve-month gross margin is 49.70% percent. Based on annual data, ZGN earned $1.17 billion in gross profit and brought in $1.54 billion in revenue.

The liabilities of Ermenegildo Zegna N.V. were 1.91 billion at the end of its most recent quarter, and its total debt was $1.02 billion.

Technical Picture

This quick technical analysis looks at Ermenegildo Zegna N.V.’s (ZGN) price momentum. With a historical volatility rate of 23.79%, the RSI 9-day stood at 58.94% on 23 November.

With respect to its five-day moving average, the current Ermenegildo Zegna N.V. price is up by +2.92% percent or $0.32. At present, ZGN shares trade +3.77% above its 20-day simple moving average and -3.67% percent below its 100-day simple moving average. However, the stock is currently trading approximately +11.34% above its SMA50 and +12.34% above its SMA200.

Stochastic coefficient K was 69.42% and Stochastic coefficient D was 72.57%, while ATR was 0.35. Given the Stochastic reading of 55.05% for the 14-day period, the RSI (14) reading has been calculated as 58.26%. As of today, the MACD Oscillator reading stands at 0.30, while the 14-day reading stands at 0.37.

Analyst Ratings

BofA Securities launched its rating on Ermenegildo Zegna N.V. (NYSE: ZGN) to a Buy in a note to investors on September 20, 2022. Ermenegildo Zegna N.V. (ZGN) has been rated Overweight by analysts. According to 0 brokerage firms, ZGN is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate Ermenegildo Zegna N.V. stock as buy, with 2 recommending it as overweight.

With a median target price of $12.66, the current consensus forecast for the stock is $10.70 – $13.07. Based on these forecasts, analysts predict Ermenegildo Zegna N.V. (ZGN) will achieve an average price target of $12.07.


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