ZipRecruiter Inc. (NYSE:ZIP) finished Wednesday with a subtraction of -$1.79 to close at $15.60, a downside of -10.29 percent. An average of 655,480 shares of common stock have been traded in the last five days. There was a fall of -$2.24 in the past week, and it reached a new high 11 times over the past 12 months. The last 20 days have seen an average of 442,020 shares traded, while the 50-day average volume stands at 506,802.
ZIP stock has decreased by -14.61% in the last month. The company shares reached their 1-month lowest point of $13.85 on 08/09/23. With the stock rallying to its 52-week high on 02/15/23, shares of the company touched a low of $13.68 and a high of $24.05 in 52 weeks. It has reached a new high 22 times so far this year and lost -4.99% or -$0.82 in price. In spite of this, the price is down -35.14% from the 52-week high.
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Insider Transactions
ZIP stock investors should be aware that ZipRecruiter Inc. (ZIP) stock had its last reported insider trading activity 21 days ago on Jul 20. In this transaction, the insider spent $160,281. EVP Chief People Officer, Garefis Amy, disposed of 4,649 shares at a price of $18.23 on Jul 20. The insider now owns more than $84,747 worth of shares. Prior to that, EVP, Chief Legal Officer SAKAMOTO RYAN T. went on to Sale 2,144 shares at $18.25 each on Jul 20. An amount of $39,120 was transacted.
Valuation Metrics
ZipRecruiter Inc. (ZIP) has a trailing price-to-earnings (P/E) ratio of 31.71. The stock’s beta is 1.01. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 1.83, and the price-to-cash flow ratio at 14.30.
Financial Health
The quick ratio of ZipRecruiter Inc. for the three months ended March 30 was 5.50, and the current ratio was 5.50, indicating that the company is able to meet its debt obligations. ZipRecruiter Inc.’s EBITDA margin for the year ending March 30 is 12.42%, while its operating margin for the same period stands at 10.90%. Its gross profit as reported stood at $818.35 million compared to revenue of $904.65 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, ZipRecruiter Inc.’s return on assets was 7.60%.
Earnings Surprise
For the three-month period that ended March 30, ZipRecruiter Inc. had $258.57 million in cash and short-term investments compared to $542.06 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $14.38 million in the quarter, while revenues were grew 8.83%. The analyst consensus anticipated ZipRecruiter Inc.’s latest quarter earnings to come in at -$0.02 per share, but it turned out to be $0.05, a 350.00% surprise. For the quarter, EBITDA amounted to $25.63 million. Shareholders own equity worth $99.92 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at ZipRecruiter Inc. (ZIP) price momentum. RSI 9-day as of the close on 09 August was 25.03%, suggesting the stock is oversold, with historical volatility in this time frame at 65.62%.
As of today, ZIP’s price is $17.18 -12.56% or -$2.24 from its 5-day moving average. ZIP is currently trading -16.49% lower than its 20-day SMA and +5.41% higher than its 100-day SMA. However, the stock’s current price level is -1.20% below the SMA50 and -9.98% below the SMA200.
The stochastic %K and %D were 24.73% and 20.22%, respectively, and the average true range (ATR) was 0.96. With the 14-day stochastic at 36.08% and the average true range at 0.83, the RSI (14) stands at 31.87%. The stock has reached -0.97 on the 9-day MACD Oscillator while the 14-day reading was at -1.10.
Analyst Ratings
Evercore ISI downgraded ZipRecruiter Inc. (NYSE: ZIP) to a an In-line rating in its most recent analyst report. Previously, the stock was rated as an Outperform. The consensus rating for ZipRecruiter Inc. (ZIP) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ZIP, while 3 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 2 others rate it as a “buy”.
What is ZIP’s price target for the next 12 months?
Analysts predict a range of price targets between $14.00 and $19.00, with a median target of $17.00. Taking a look at these predictions, the average price target given by analysts for ZipRecruiter Inc. (ZIP) stock is $16.75.
