The stock of Zions Bancorporation N.A (NASDAQ: ZION) has increased by 3.13 when compared to last closing price of 39.92. Despite this, the company has experienced a 1.88% gain in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-04-22 that We again have an eventful week for the stock market. As the S&P 500 tries to shake its three-week losing streak, we see sky-high valuations and record-high closings have given way to a more concerned, meditative trading sentiment.
Is It Worth Investing in Zions Bancorporation N.A (NASDAQ: ZION) Right Now?
Zions Bancorporation N.A (NASDAQ: ZION) has a higher price-to-earnings ratio of 9.45x compared to its average ratio, The 36-month beta value for ZION is at 1.13. Analysts have varying views on the stock, with 7 analysts rating it as a “buy,” 6 rating it as “overweight,” 12 as “hold,” and 0 as “sell.”
The public float for ZION is 145.72M, and currently, shorts hold a 6.47% of that float. The average trading volume for ZION on April 22, 2024 was 3.23M shares.
ZION’s Market Performance
ZION’s stock has seen a 1.88% increase for the week, with a -1.06% drop in the past month and a -4.94% fall in the past quarter. The volatility ratio for the week is 2.75%, and the volatility levels for the past 30 days are at 2.77% for Zions Bancorporation N.A The simple moving average for the last 20 days is -0.69% for ZION stock, with a simple moving average of 9.04% for the last 200 days.
Analysts’ Opinion of ZION
Many brokerage firms have already submitted their reports for ZION stocks, with Deutsche Bank repeating the rating for ZION by listing it as a “Hold.” The predicted price for ZION in the upcoming period, according to Deutsche Bank is $47 based on the research report published on April 10, 2024 of the current year 2024.
Truist, on the other hand, stated in their research note that they expect to see ZION reach a price target of $46, previously predicting the price at $51. The rating they have provided for ZION stocks is “Hold” according to the report published on January 05th, 2024.
Robert W. Baird gave a rating of “Neutral” to ZION, setting the target price at $45 in the report published on December 15th of the previous year.
ZION Trading at 1.17% 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 -10.79% of loss for the given period.
Volatility was left at 2.77%, however, over the last 30 days, the volatility rate increased by 2.75%, as shares surge +0.76% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +2.68% upper at present.
During the last 5 trading sessions, ZION rose by +1.36%, which changed the moving average for the period of 200-days by +47.44% in comparison to the 20-day moving average, which settled at $41.47. In addition, Zions Bancorporation N.A saw -6.15% 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 SIMMONS HARRIS H, who purchase 4,000 shares at the price of $38.54 back on Feb 27 ’24. After this action, SIMMONS HARRIS H now owns 1,312,987 shares of Zions Bancorporation N.A, valued at $154,160 using the latest closing price.
Young Mark Richard, the Exec VP of Zions Bancorporation N.A, sale 5,597 shares at $40.21 during a trade that took place back on Feb 22 ’24, which means that Young Mark Richard is holding 12,133 shares at $225,055 based on the most recent closing price.
Stock Fundamentals for ZION
Current profitability levels for the company are sitting at:
- 0.6 for the present operating margin
- 1.0 for the gross margin
The net margin for Zions Bancorporation N.A stands at 0.18. The total capital return value is set at 0.03. Equity return is now at value 12.95, with 0.76 for asset returns.
Based on Zions Bancorporation N.A (ZION), the company’s capital structure generated 0.45 points at debt to capital in total, while cash flow to debt ratio is standing at 0.29. The debt to equity ratio resting at 0.82. The interest coverage ratio of the stock is 2.05.
Currently, EBITDA for the company is 1.15 billion with net debt to EBITDA at 1.82. When we switch over and look at the enterprise to sales, we see a ratio of 2.27. The receivables turnover for the company is 9.95for trailing twelve months and the total asset turnover is 0.04. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.26.
Conclusion
In conclusion, Zions Bancorporation N.A (ZION) has had a mixed performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
