As of Wednesday close, ZimVie Inc.’s (NASDAQ:ZIMV) stock was up $0.56, moving up 6.24 percent to $9.53. The average number of shares traded per day over the past five days has been 304,980 shares. 4 times new highs have been achieved over the past 5 days, with a $0.34 gain in that time frame. In the last twenty days, the average volume was 433,320, while in the previous 50 days, it was 417,648.
Since last month, ZIMV stock rose 31.63%. Shares of the company fell to $6.67 on 10/24/22, the lowest level in the past month. Since the beginning of this year, ZIMV’s stock price has dropped by -65.96%. However, the stock has declined by -81.09% since its 52-week high.
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ZIMV stock investors should be aware that ZimVie Inc. (ZIMV) stock had its last reported insider trading activity 198 days ago on May 10. Jamali Vafa, the below. of the company, purchased of 10,000 shares for $20.04 on May 10. It resulted in a $200,432 investment by the insider. Heppenstall Richard added 10,000 shares at an average price of $20.45 on May 10. The insider now owns 27,366 shares following the transaction.
In the three months ended September 29, ZimVie Inc.’s quick ratio stood at 1.50, while its current ratio was 2.50, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending September 29 was 0.73, and the total debt-to-equity ratio was 0.75. On the profitability front, the trailing twelve-month gross margin is 62.80% percent. In the year ended September 29, operating margins totaled -14.40%. Based on annual data, ZIMV earned $628.8 million in gross profit and brought in $1.01 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -6.50%. Return on equity (ROE) for the past 12 months was -10.00%.
In ZimVie Inc.’s quarter-end financial report for September 29, it reported total debt of $535.46 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ZIMV’s revenue rose 100.0% to $235.6 million during the quarter, while net income inched up to $234.56 million. While analysts expected ZimVie Inc. to report $0.27 quarterly earnings, the actual figure was $0.49 per share, beating the consensus estimate by 81.50%. During the quarter, the company generated $13.53 million in EBITDA. The liabilities of ZimVie Inc. were 895.59 million at the end of its most recent quarter ended September 29, and its total debt was $582.67 million. The value of shareholders’ equity is $26.09 million.
This quick technical analysis looks at ZimVie Inc.’s (ZIMV) price momentum. With a historical volatility rate of 185.03%, the RSI 9-day stood at 57.53% on 23 November.
With respect to its five-day moving average, the current ZimVie Inc. price is up by +3.70% percent or $0.34. At present, ZIMV shares trade +25.23% above its 20-day simple moving average and -42.03% percent below its 100-day simple moving average. However, the stock is currently trading approximately -35.21% below its SMA50.
Stochastic coefficient K was 53.25% and Stochastic coefficient D was 50.71%, while ATR was 0.85. Given the Stochastic reading of 61.54% for the 14-day period, the RSI (14) reading has been calculated as 54.12%. As of today, the MACD Oscillator reading stands at -0.16, while the 14-day reading stands at 0.21.
JP Morgan launched its rating on ZimVie Inc. (NASDAQ: ZIMV) to a Neutral in a note to investors on June 17, 2022. ZimVie Inc. (ZIMV) has been rated Hold by analysts. According to 0 brokerage firms, ZIMV is a sell, and 1 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 0 analysts rate ZimVie Inc. stock as buy, with 0 recommending it as overweight.
With a median target price of $9.00, the current consensus forecast for the stock is $9.00 – $9.00. Based on these forecasts, analysts predict ZimVie Inc. (ZIMV) will achieve an average price target of $9.00.