There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 1 rating it as “hold,” and 1 rating it as “sell.”
The average price predicted by analysts for ZIMV is $7.00, which is $1.44 above the current price. The public float for ZIMV is 26.07M and currently, short sellers hold a 3.10% ratio of that float. The average trading volume of ZIMV on March 15, 2023 was 699.29K shares.
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ZIMV) stock’s latest price update
ZimVie Inc. (NASDAQ: ZIMV)’s stock price has increased by 4.12 compared to its previous closing price of 5.34. However, the company has seen a gain of 0.54% in its stock price over the last five trading days.
ZIMV’s Market Performance
ZimVie Inc. (ZIMV) has seen a 0.54% rise in stock performance for the week, with a -44.62% decline in the past month and a -37.32% plunge in the past quarter. The volatility ratio for the week is 7.97%, and the volatility levels for the past 30 days are at 10.76% for ZIMV. The simple moving average for the last 20 days is -38.02% for ZIMV stock, with a simple moving average of -55.63% for the last 200 days.
Analysts’ Opinion of ZIMV
Many brokerage firms have already submitted their reports for ZIMV stocks, with Barclays repeating the rating for ZIMV by listing it as a “Underweight.” The predicted price for ZIMV in the upcoming period, according to Barclays is $9 based on the research report published on December 21st of the previous year 2022.
JP Morgan, on the other hand, stated in their research note that they expect to see ZIMV reach a price target of $20. The rating they have provided for ZIMV stocks is “Neutral” according to the report published on June 17th, 2022.
ZIMV Trading at -39.19% from the 50-Day Moving Average
After a stumble in the market that brought ZIMV to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -80.79% of loss for the given period.
Volatility was left at 10.76%, however, over the last 30 days, the volatility rate increased by 7.97%, as shares sank -48.13% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -39.76% lower at present.
During the last 5 trading sessions, ZIMV rose by +0.54%, which changed the moving average for the period of 200-days by -75.95% in comparison to the 20-day moving average, which settled at $8.71. In addition, ZimVie Inc. saw -40.47% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ZIMV starting from Kidwell Heather, who purchase 36,765 shares at the price of $5.55 back on Mar 10. After this action, Kidwell Heather now owns 44,754 shares of ZimVie Inc., valued at $203,873 using the latest closing price.
Jamali Vafa, the below. of ZimVie Inc., purchase 20,000 shares at $5.58 during a trade that took place back on Mar 09, which means that Jamali Vafa is holding 137,273 shares at $111,600 based on the most recent closing price.
Stock Fundamentals for ZIMV
Current profitability levels for the company are sitting at:
- -5.96 for the present operating margin
- +58.24 for the gross margin
The net margin for ZimVie Inc. stands at -6.99. Equity return is now at value -8.30, with -3.80 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 2.48.
Conclusion
In conclusion, ZimVie Inc. (ZIMV) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
