Zillow Group Inc. (NASDAQ:ZG) finished Friday with an addition of $0.11 to close at $31.21, an upside of 0.35 percent. An average of 522,720 shares of common stock have been traded in the last five days. There was a fall of -$1.23 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 932,060 shares traded, while the 50-day average volume stands at 782,582.
ZG stock has decreased by -16.55% in the last month. The company shares reached their 1-month lowest point of $30.23 on 12/28/22. With the stock rallying to its 52-week high on 02/17/22, shares of the company touched a low of $26.21 and a high of $65.16 in 52 weeks. It has reached a new high 4 times so far this year and lost -49.84% or -$31.01 in price. In spite of this, the price is down -52.10% from the 52-week high.
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ZG stock investors should be aware that Zillow Group Inc. (ZG) stock had its last reported insider trading activity 29 days ago on Dec 02. In this transaction, the insider spent $99,671. President of Zillow, Daimler Susan, disposed of 3,295 shares at a price of $35.96 on Nov 30. The insider now owns more than $118,499 worth of shares. Prior to that, President of Zillow Daimler Susan went on to Sale 4,375 shares at $35.99 each on Nov 30. An amount of $157,451 was transacted.
Zillow Group Inc. (ZG) stock’s beta is 1.55. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.42, the price-to-book (PB) ratio at 1.63, and the price-to-cash flow ratio at 1.00.
Further, the company has a long term debt to equity ratio of 0.36 and a total debt to equity ratio of 0.37 for the quarter ending September 29. Its gross profit as reported stood at $1.75 billion compared to revenue of $8.15 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Zillow Group Inc.’s return on assets was -0.20%.
For the three-month period that ended September 29, Zillow Group Inc. had $1.52 billion in cash. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of -$53.0 million in the quarter, while revenues were shrunk -519.19%. The analyst consensus anticipated Zillow Group Inc.’s latest quarter earnings to come in at $0.11 per share, but it turned out to be $0.38, a 245.50% surprise. For the quarter, EBITDA amounted to -$4.0 million. Shareholders own equity worth $237.73 million.
From a technical analysis perspective, let’s take a brief look at Zillow Group Inc. (ZG) price momentum. RSI 9-day as of the close on 30 December was 34.33%, suggesting the stock is Neutral, with historical volatility in this time frame at 31.72%.
As of today, ZG’s price is $31.27 -3.79% or -$1.23 from its 5-day moving average. ZG is currently trading -17.70% lower than its 20-day SMA and -14.09% lower than its 100-day SMA. However, the stock’s current price level is +8.33% above the SMA50 and -37.18% below the SMA200.
The stochastic %K and %D were 8.68% and 7.28%, respectively, and the average true range (ATR) was 1.34. With the 14-day stochastic at 12.72% and the average true range at 1.43, the RSI (14) stands at 38.91%. The stock has reached -1.10 on the 9-day MACD Oscillator while the 14-day reading was at -2.46.
What is ZG’s price target for the next 12 months?
Analysts predict a range of price targets between $22.00 and $52.00, with a median target of $38.00. Taking a look at these predictions, the average price target given by analysts for Zillow Group Inc. (ZG) stock is $37.79.