At the last check on Thursday, ZipRecruiter Inc.’s (NYSE:ZIP) stock was down -$1.08, moving down -6.59 percent to $15.31. The average number of shares traded per day over the past five days has been 542,126 shares. 3 times new highs have been achieved over the past 5 days, with a -$0.84 fall in that time frame. In the last twenty days, the average volume was 511,081, while in the previous 50 days, it was 450,913.
Since last month, ZIP stock retreated -14.18%. Shares of the company fell to $13.85 on 08/09/23, the lowest level in the past month. A 52-week high of $24.05 was reached on 02/15/23 after having rallying from a 52-week low of $13.68. Since the beginning of this year, ZIP’s stock price has dropped by -6.76% or -$1.11, and marked a new high 22 times. However, the stock has declined by -36.34% since its 52-week high.
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ZIP stock investors should be aware that ZipRecruiter Inc. (ZIP) stock had its last reported insider trading activity 16 days ago on Aug 15. Bartolome Lora, the VP, Accounting & Controller of the company, disposed of 910 shares for $16.59 on Aug 15. It resulted in a $15,097 divestment by the insider. SHIMANOVSKY BORIS F. sold 8,793 shares at an average price of $18.23 on Jul 20. The insider now owns 156,807 shares following the transaction. On Jul 20, EVP Chief People Officer Garefis Amy sold 4,649 shares at $18.23 apiece. The transaction was valued at $84,747.
Valuation Metrics
Right now, ZipRecruiter Inc. (ZIP) has a P/E ratio of about 29.27. The stock’s beta is 1.02.
Financial Health
In the three months ended June 29, ZipRecruiter Inc.’s quick ratio stood at 5.40, while its current ratio was 5.40, showing that the company is able to pay off its debt. On the profitability front, the trailing twelve-month gross margin is 90.00% percent. In the year ended June 29, EBITDA margin amounted to 12.42%, whereas operating margins totaled 11.50%. Based on annual data, ZIP earned $818.35 million in gross profit and brought in $904.65 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 14.80%. Return on equity (ROE) for the past 12 months was 179.60%.
In ZipRecruiter Inc.’s quarter-end financial report for June 29, it reported total debt of $542.06 million. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. ZIP’s revenue fell -41.35% to $183.75 million during the quarter, while net income inched up to $169.75 million. While analysts expected ZipRecruiter Inc. to report $0.08 quarterly earnings, the actual figure was $0.14 per share, beating the consensus estimate by 75.00%. During the quarter, the company generated $25.63 million in EBITDA. The liabilities of ZipRecruiter Inc. were 660.06 million at the end of its most recent quarter ended June 29, and its total debt was $558.14 million. The value of shareholders’ equity is $99.92 million.
Technical Picture
This quick technical analysis looks at ZipRecruiter Inc.’s (ZIP) price momentum. With a historical volatility rate of 40.64%, the RSI 9-day stood at 29.93% on 30 August.
With respect to its five-day moving average, the current ZipRecruiter Inc. price is down by -5.23% percent or -$0.84. At present, ZIP shares trade -14.64% below its 20-day simple moving average and -5.99% percent below its 100-day simple moving average. However, the stock is currently trading approximately -4.46% below its SMA50 and -10.97% below its SMA200.
Stochastic coefficient K was 41.60% and Stochastic coefficient D was 57.57%, while ATR was 0.64. Given the Stochastic reading of 15.28% for the 14-day period, the RSI (14) reading has been calculated as 34.61%. As of today, the MACD Oscillator reading stands at -0.27, while the 14-day reading stands at -0.32.
Analyst Ratings
ZipRecruiter Inc. downgraded its rating on ZipRecruiter Inc. (NYSE: ZIP) to an In-line in a note to investors on August 09, 2023. The analysts firm previously had an Outperform rating on the stock.ZipRecruiter Inc. (ZIP) has been rated Overweight by analysts. According to 0 brokerage firms, ZIP is a sell, and 3 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate ZipRecruiter Inc. stock as buy, with 2 recommending it as overweight.
With a median target price of $17.00, the current consensus forecast for the stock is $14.00 – $19.00. Based on these forecasts, analysts predict ZipRecruiter Inc. (ZIP) will achieve an average price target of $16.75.
