As of Friday close, ZimVie Inc.’s (NASDAQ:ZIMV) stock was down -$0.13, moving down -2.00 percent to $6.37. The average number of shares traded per day over the past five days has been 2,679,300 shares. 4 times new highs have been achieved over the past 5 days, with a $0.74 gain in that time frame. In the last twenty days, the average volume was 1,604,235, while in the previous 50 days, it was 911,032.
Since last month, ZIMV stock retreated -46.83%. Shares of the company fell to $5.05 on 03/02/23, the lowest level in the past month. A 52-week high of $28.94 was reached on 02/17/23 after having rallying from a 52-week low of $5.05. Since the beginning of this year, ZIMV’s stock price has dropped by -31.80% or -$2.97, and marked a new high 5 times. However, the stock has declined by -77.99% 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 5 days ago on Mar 13. CRAWFORD SALLY, the Director of the company, purchased of 40,000 shares for $5.60 on Mar 13. It resulted in a $224,120 investment by the insider. Kidwell Heather added 36,765 shares at an average price of $5.55 on Mar 10. The insider now owns 44,754 shares following the transaction. On Mar 09, below. Jamali Vafa bought 20,000 shares at $5.58 apiece. The transaction was valued at $111,600.
In the three months ended September 29, ZimVie Inc.’s quick ratio stood at 1.40, 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 0.70. On the profitability front, the trailing twelve-month gross margin is 67.10% percent. In the year ended September 29, operating margins totaled -10.40%. Based on annual data, ZIMV earned $613.08 million in gross profit and brought in $913.86 million 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 -3.80%. Return on equity (ROE) for the past 12 months was -8.30%.
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 higher 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%. The liabilities of ZimVie Inc. were 883.45 million at the end of its most recent quarter ended September 29, and its total debt was $582.67 million.
This quick technical analysis looks at ZimVie Inc.’s (ZIMV) price momentum. With a historical volatility rate of 317.07%, the RSI 9-day stood at 40.20% on 17 March.
With respect to its five-day moving average, the current ZimVie Inc. price is up by +13.14% percent or $0.74. At present, ZIMV shares trade -46.15% below its 20-day simple moving average and -9.90% percent below its 100-day simple moving average. However, the stock is currently trading approximately -33.99% below its SMA50 and -70.74% below its SMA200.
Stochastic coefficient K was 20.16% and Stochastic coefficient D was 15.63%, while ATR was 0.77. Given the Stochastic reading of 19.33% for the 14-day period, the RSI (14) reading has been calculated as 39.04%. As of today, the MACD Oscillator reading stands at 0.62, while the 14-day reading stands at -0.16.
Barclays launched its rating on ZimVie Inc. (NASDAQ: ZIMV) to an Underweight in a note to investors on December 21, 2022. ZimVie Inc. (ZIMV) has been rated Underweight by analysts. According to 1 brokerage firm, 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.