In the past week, ZION stock has gone down by -2.21%, with a monthly gain of 15.11% and a quarterly surge of 1.80%. The volatility ratio for the week is 3.19%, and the volatility levels for the last 30 days are 3.50% for Zions Bancorporation N.A The simple moving average for the last 20 days is 5.06% for ZION’s stock, with a simple moving average of 2.20% for the last 200 days.
Is It Worth Investing in Zions Bancorporation N.A (NASDAQ: ZION) Right Now?
The price-to-earnings ratio for Zions Bancorporation N.A (NASDAQ: ZION) is 6.38x, which is above its average ratio. Moreover, the 36-month beta value for ZION is 1.18. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 1 as “overweight,” 14 as “hold,” and 3 as “sell.”
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The average price recommended by analysts for Zions Bancorporation N.A (ZION) is $36.52, which is $1.66 above the current market price. The public float for ZION is 145.58M and currently, short sellers hold a 7.26% of that float. On November 21, 2023, ZION’s average trading volume was 2.82M shares.
ZION) stock’s latest price update
Zions Bancorporation N.A (NASDAQ: ZION) has experienced a decline in its stock price by -3.33 compared to its previous closing price of 35.78. However, the company has seen a fall of -2.21% in its stock price over the last five trading days. Market Watch reported 2023-11-21 that Zions Bancorp ZION has been downgraded to neutral from buy on valuation grounds by Citi analyst Keith Horwitz, who kept his price target of $37 a share on the regional bank. “Zion trades near the median on our implied cost of equity metric and we see more favorable risk/reward elsewhere,” Horwitz said in a research note published late Monday.
ZION Trading at 2.11% from the 50-Day Moving Average
After a stumble in the market that brought ZION to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.33% of loss for the given period.
Volatility was left at 3.50%, however, over the last 30 days, the volatility rate increased by 3.19%, as shares surge +15.00% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -7.41% lower at present.
During the last 5 trading sessions, ZION fell by -2.91%, which changed the moving average for the period of 200-days by -36.52% in comparison to the 20-day moving average, which settled at $33.15. In addition, Zions Bancorporation N.A saw -29.64% 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 ZION starting from Huang Claire A, who purchase 18,000 shares at the price of $20.02 back on May 04. After this action, Huang Claire A now owns 18,000 shares of Zions Bancorporation N.A, valued at $360,378 using the latest closing price.
Robinson Rebecca K, the Executive Vice President of Zions Bancorporation N.A, purchase 10,000 shares at $20.38 during a trade that took place back on May 04, which means that Robinson Rebecca K is holding 10,360 shares at $203,780 based on the most recent closing price.
Stock Fundamentals for ZION
Current profitability levels for the company are sitting at:
- +34.70 for the present operating margin
The net margin for Zions Bancorporation N.A stands at +27.08. The total capital return value is set at 8.94, while invested capital returns managed to touch 12.56. Equity return is now at value 16.62, with 0.95 for asset returns.
Based on Zions Bancorporation N.A (ZION), the company’s capital structure generated 230.25 points at debt to equity in total, while total debt to capital is 69.72. Total debt to assets is 12.58, with long-term debt to equity ratio resting at 16.19. Finally, the long-term debt to capital ratio is 4.46.
When we switch over and look at the enterprise to sales, we see a ratio of 3.61, with the company’s debt to enterprise value settled at 0.61. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.41.
Conclusion
To wrap up, the performance of Zions Bancorporation N.A (ZION) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
