As of Friday close, Zebra Technologies Corporation’s (NASDAQ:ZBRA) stock was up $5.95, moving up 2.24 percent to $271.98. The average number of shares traded per day over the past five days has been 442,560 shares. 4 times new highs have been achieved over the past 5 days, with a $10.04 gain in that time frame. In the last twenty days, the average volume was 636,775, while in the previous 50 days, it was 456,470.
Since last month, ZBRA stock retreated -10.69%. Shares of the company fell to $231.98 on 08/03/23, the lowest level in the past month. A 52-week high of $351.74 was reached on 02/02/23 after having rallying from a 52-week low of $224.87. Since the beginning of this year, ZBRA’s stock price has risen by 6.07% or $15.57, and marked a new high 10 times. However, the stock has declined by -22.68% since its 52-week high.
ZBRA stock investors should be aware that Zebra Technologies Corporation (ZBRA) stock had its last reported insider trading activity 9 days ago on Aug 10. Modruson Frank Blaise, the Director of the company, purchased of 1,000 shares for $254.59 on Aug 10. It resulted in a $254,590 investment by the insider. Burns Bill added 1,000 shares at an average price of $249.40 on Aug 07. The insider now owns 20,787 shares following the transaction. On Aug 07, Director KEYSER RICHARD L bought 1,000 shares at $248.85 apiece. The transaction was valued at $248,850.
Valuation Metrics
Right now, Zebra Technologies Corporation (ZBRA) has a P/E ratio of about 21.72. The stock’s beta is 1.67. Besides these, the trailing price-to-sales (P/S) ratio of 2.48, the price-to-book (PB) ratio of 4.67, and the price-to-cash flow ratio of 93.26 may also be considered.
Financial Health
In the three months ended June 29, Zebra Technologies Corporation’s quick ratio stood at 0.50, while its current ratio was 1.00, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 0.68, and the total debt-to-equity ratio was 0.74. On the profitability front, the trailing twelve-month gross margin is 46.60% percent. In the year ended June 29, EBITDA margin amounted to 18.49%, whereas operating margins totaled 16.00%. Based on annual data, ZBRA earned $2.62 billion in gross profit and brought in $5.78 billion 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 9.40%. Return on equity (ROE) for the past 12 months was 23.10%.
In Zebra Technologies Corporation’s quarter-end financial report for June 29, it reported total debt of $2.04 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ZBRA’s revenue fell -17.96% to $1.41 billion during the quarter, while net income inched up to $1.21 billion. While analysts expected Zebra Technologies Corporation to report $3.28 quarterly earnings, the actual figure was $3.29 per share, beating the consensus estimate by 0.30%. During the quarter, the company generated $238.0 million in EBITDA. The liabilities of Zebra Technologies Corporation were 4.46 billion at the end of its most recent quarter ended June 29, and its total debt was $2.44 billion. The value of shareholders’ equity is $51.34 million.
Technical Picture
This quick technical analysis looks at Zebra Technologies Corporation’s (ZBRA) price momentum. With a historical volatility rate of 17.85%, the RSI 9-day stood at 53.08% on 18 August.
With respect to its five-day moving average, the current Zebra Technologies Corporation price is up by +3.83% percent or $10.04. At present, ZBRA shares trade -11.25% below its 20-day simple moving average and -5.84% percent below its 100-day simple moving average. However, the stock is currently trading approximately -2.01% below its SMA50 and -3.97% below its SMA200.
Stochastic coefficient K was 61.51% and Stochastic coefficient D was 50.39%, while ATR was 9.93. Given the Stochastic reading of 95.12% for the 14-day period, the RSI (14) reading has been calculated as 48.66%. As of today, the MACD Oscillator reading stands at 5.24, while the 14-day reading stands at 10.14.
Analyst Ratings
Wolfe Research upgraded its rating on Zebra Technologies Corporation (NASDAQ: ZBRA) to a Peer perform in a note to investors on August 02, 2023. The analysts firm previously had an Underperform rating on the stock.Zebra Technologies Corporation (ZBRA) has been rated Overweight by analysts. According to 0 brokerage firms, ZBRA is a sell, and 5 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Zebra Technologies Corporation stock as buy, with 7 recommending it as overweight.
With a median target price of $297.50, the current consensus forecast for the stock is $260.00 – $370.00. Based on these forecasts, analysts predict Zebra Technologies Corporation (ZBRA) will achieve an average price target of $304.50.
