Zions Bancorporation National Association (NASDAQ:ZION) saw a downside of -1.99% to $37.42 after subtracting -$0.76 on Wednesday. The 5-day average trading volume is 2,284,621 shares of the company’s common stock. It has gained $38.61 in the past week and touched a new high 3 times within the past 5 days. An average of 4,199,150 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 4,210,138.
ZION’s 1-month performance is 22.99% or $8.84 on its low of $28.51 reached on 07/10/23. The company’s shares have touched a 52-week low of $18.26 and high of $59.75, with the stock’s rally to the 52-week high happening on 02/03/23. YTD, ZION has lost -23.88% or -$11.34 and has reached a new high 11 times. However, the current price is down -37.37% from the 52-week high price.
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Insider Transactions
ZION stock investors last saw insider trading activity on May 04.Ellingsen Eric (Executive VP &) most recently sold 377 shares at $52.51 per share on Feb 10. This transaction cost the insider $19,796. Executive Vice President, STEPHENS STEVEN DAN, sold 6,000 shares at a price of $54.42 on Feb 07. Then, on Feb 01, Executive Vice President Law Scott A. sold 3,217 shares at a price of $54.09 per share. This transaction amounted to $174,008.
Valuation Metrics
ZION stock has a beta of 1.13. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 2.02 while the price-to-book (PB) in the most recent quarter is 1.17, with the price to cash flow ratio at 5.41.
As well, the company’s long term debt to equity for the quarter ending June 29 was 0.14, while the total debt to equity was 0.14. The firm’s gross profit as reported stood at $2.52 billion against revenue of $2.71 billion.
Earnings Surprise
For the quarterly period ending June 29 this year, Net income and sales went up compared to those figures reported in the previous quarter. Analysts expected ZION to announce $1.11 per share in earnings in its latest quarter, but it posted $1.11, representing a 0.00% surprise. Shareholders hold equity totaling $148.15 million.
Let’s look briefly at Zions Bancorporation National Association (ZION) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 61.25% to suggest the stock is trending Neutral, with historical volatility in this time period at 27.87%.
The stock’s 5-day moving average is $37.89, reflecting a +3.25% or $1.19 change from its current price. ZION is currently trading +20.91% above its 20-day SMA, +17.78% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +31.96% and SMA200 by-19.75%.
Stochastic %K and %D was 67.06% and 73.23% and the average true range (ATR) pointed at 1.70. The RSI (14) points at 62.61%, while the 14-day stochastic is at 56.84% with the period’s ATR at 1.72. The stock’s 9-day MACD Oscillator is pointing at 0.25 and 0.54 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Zions Bancorporation National Association (NASDAQ: ZION), JP Morgan downgraded it to a Neutral rating. They previously had an Overweight rating on the stock. Analysts offering their rating for ZION stock have a consensus rating for the stock as Hold. Currently, 2 brokerage advisors rate ZION as a “sell,”, while 13 advise that investors “Hold.” 1 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.
What is ZION’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $27.00 and a high of $45.00, with their median price target at $37.00. Looking at these predictions, the average price target given by analysts is for Zions Bancorporation National Association (ZION) stock is $37.39.
