The stock of Zebra Technologies Corporation (NASDAQ:ZBRA) increased by $6.52 on Friday to finish at $261.94, up 2.55 percent. The last five days have seen an average of 471,020 shares of common stock traded. 10 times new highs were reached in the current year, with a gain of $5.53. The average number of shares traded over the last 20 days was 599,950, while the average volume over the last 50 days totaled 450,458.
ZBRA stock dropped -17.75% since last month. On 08/03/23, the company’s shares reached a one-month low of $231.98. The stock touched a high of $351.74 on 02/02/23, after rallying from a low of $224.87 in 52 weeks. The price of ZBRA stock has risen by 2.16% or $5.53 this year, reaching a new high 10 times. Still, the stock price is down -25.53% from the 52-week high.
Insider Transactions
ZBRA stock investors should be aware that Zebra Technologies Corporation (ZBRA) stock had its last reported insider trading activity 4 days ago on Aug 10. On Aug 10, Director Modruson Frank Blaise acquired 1,000 shares at $254.59 each. This transaction resulted in the insider spending $254,590. On Aug 07, Burns Bill added 1,000 shares at a price of US$249.40. After the transaction, the insider now owns 20,787 shares. Director KEYSER RICHARD L had earlier bought 1,000 shares on Aug 07 for $248.85 a share. The transaction was completed for $248,850.
Valuation Metrics
Zebra Technologies Corporation (ZBRA) has a trailing price-to-earnings (P/E) ratio of 20.92. Beta for the stock is 1.68. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 2.38, the price-to-book (PB) ratio of 4.50, and the price-to-cash flow ratio of 89.81.
Financial Health
For the three months ended June 29, Zebra Technologies Corporation’s quick ratio was 0.50, while its current ratio was 1.00, indicating its inability to pay off its debt. The company’s long-term debt to equity ratio for the quarter ending June 29 is 0.68, and the total debt to equity ratio is 0.74. As far as profitability goes, gross margin for the trailing twelve months is 46.60% percent. Zebra Technologies Corporation’s operating margin stood at 16.00% for the same period. Based on annual data, it had gross profit of $2.62 billion and revenue of $5.78 billion.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. ZBRA’s return on assets (ROA) during the last 12 months has been 8.70%. There was a 9.40% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was 23.10%.
Earnings Surprise
According to Zebra Technologies Corporation’s quarterly financial report for the quarter that ended June 29. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $1.21 billion, while revenues fell by -17.96% to $1.41 billion. It was predicted that Zebra Technologies Corporation’s quarterly earnings would be $3.29, but it ended up being $3.28, beating the consensus by 0.30%. EBITDA was $238.0 million for the quarter. At the end of Zebra Technologies Corporation’s most recent quarter ended June 29, its liabilities totaled 4.46 billion, while its total debt was $2.44 billion. Equity owned by shareholders amounts to $51.34 million.
Technical Picture
Here’s a quick look at Zebra Technologies Corporation’s (ZBRA) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 42.25%, suggesting the stock is Neutral, with a 103.35% historical volatility rate.
The stochastic %K and %D were 34.12% and 29.87% respectively, while the average true range (ATR) was 11.63. Based on the 14-day stochastic reading of 38.91%, the RSI (14) reading is 41.75%. On the 9-day MACD Oscillator, the stock is at 5.75, and the 14-day reading is at -12.17.
Analyst Ratings
In its most recent analyst report, Wolfe Research raised its rating on Zebra Technologies Corporation (NASDAQ: ZBRA) to a Peer perform. Prior to this, analysts firm rated the stock as an Underperform.
