Zoomcar Holdings Inc. (ZCAR) vs. Its Peers: A Comparison

Zoomcar Holdings Inc. (NASDAQ: ZCAR) has a price-to-earnings ratio of 0.11x that is above its average ratio. Additionally, the 36-month beta value for ZCAR is -0.56.

The public float for ZCAR is 63.13M and currently, short sellers hold a 0.09% ratio of that float. The average trading volume of ZCAR on April 04, 2024 was 1.14M shares.

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ZCAR) stock’s latest price update

Zoomcar Holdings Inc. (NASDAQ: ZCAR)’s stock price has gone decline by -12.51 in comparison to its previous close of 0.53, however, the company has experienced a -26.54% decrease in its stock price over the last five trading days. InvestorPlace reported 2024-03-19 that Zoomcar (NASDAQ: ZCAR ) stock is heading higher on Tuesday after the company announced a partnership with India-based online travel platform EaseMyTrip. This is a strategic partnership with EaseMyTrip that brings Zoomcar’s fleet of 25,000 units to the platform.

ZCAR’s Market Performance

Zoomcar Holdings Inc. (ZCAR) has experienced a -26.54% fall in stock performance for the past week, with a -68.94% drop in the past month, and a -84.52% drop in the past quarter. The volatility ratio for the week is 11.43%, and the volatility levels for the past 30 days are at 16.10% for ZCAR. The simple moving average for the past 20 days is -52.44% for ZCAR’s stock, with a -94.11% simple moving average for the past 200 days.

ZCAR Trading at -71.83% from the 50-Day Moving Average

After a stumble in the market that brought ZCAR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -96.86% of loss for the given period.

Volatility was left at 16.10%, however, over the last 30 days, the volatility rate increased by 11.43%, as shares sank -67.41% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -85.54% lower at present.

During the last 5 trading sessions, ZCAR fell by -26.54%, which changed the moving average for the period of 200-days by -95.58% in comparison to the 20-day moving average, which settled at $0.9251. In addition, Zoomcar Holdings Inc. saw -87.46% in overturn over a single year, with a tendency to cut further losses.

Stock Fundamentals for ZCAR

Equity return is now at value 13.27, with 10.13 for asset returns.

The liquidity ratio also appears to be rather interesting for investors as it stands at 0.37.

Conclusion

In conclusion, Zoomcar Holdings Inc. (ZCAR) 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.

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