The 36-month beta value for ZVIA is at 0.61. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ZVIA is 43.37M, and currently, shorts hold a 3.19% of that float. The average trading volume for ZVIA on April 23, 2024 was 149.53K shares.
ZVIA) stock’s latest price update
Zevia PBC (NYSE: ZVIA)’s stock price has decreased by -8.48 compared to its previous closing price of 0.98. However, the company has seen a -8.19% decrease in its stock price over the last five trading sessions. Business Wire reported 2023-10-24 that LOS ANGELES–(BUSINESS WIRE)–Zevia PBC (“Zevia”) (NYSE:ZVIA) today announced that it will release its financial results for the third quarter ended September 30, 2023 before the market open on Tuesday, November 7, 2023 followed by a conference call at 8:30 a.m. Eastern Time to discuss the results. Investors and other interested parties may listen to the webcast of the conference call by logging on via the Investor Relations section of Zevia’s website at https://investors.zevia.com/. A replay o.
ZVIA’s Market Performance
Zevia PBC (ZVIA) has seen a -8.19% fall in stock performance for the week, with a -17.46% decline in the past month and a -50.57% plunge in the past quarter. The volatility ratio for the week is 8.24%, and the volatility levels for the past 30 days are at 8.82% for ZVIA. The simple moving average for the past 20 days is -14.37% for ZVIA’s stock, with a -56.40% simple moving average for the past 200 days.
Analysts’ Opinion of ZVIA
Many brokerage firms have already submitted their reports for ZVIA stocks, with Telsey Advisory Group repeating the rating for ZVIA by listing it as a “Market Perform.” The predicted price for ZVIA in the upcoming period, according to Telsey Advisory Group is $4 based on the research report published on July 25, 2023 of the previous year 2023.
Goldman, on the other hand, stated in their research note that they expect to see ZVIA reach a price target of $3, previously predicting the price at $5. The rating they have provided for ZVIA stocks is “Neutral” according to the report published on July 25th, 2023.
ZVIA Trading at -30.36% from the 50-Day Moving Average
After a stumble in the market that brought ZVIA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -81.26% of loss for the given period.
Volatility was left at 8.82%, however, over the last 30 days, the volatility rate increased by 8.24%, as shares sank -15.92% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -46.76% lower at present.
During the last 5 trading sessions, ZVIA fell by -8.19%, which changed the moving average for the period of 200-days by -77.16% in comparison to the 20-day moving average, which settled at $1.0422. In addition, Zevia PBC saw -55.24% 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 ZVIA starting from Spence Padraic L., who sale 36,300 shares at the price of $1.02 back on Mar 27 ’24. After this action, Spence Padraic L. now owns 1,717,240 shares of Zevia PBC, valued at $37,175 using the latest closing price.
Taylor Amy, the President & CEO of Zevia PBC, sale 30,703 shares at $1.02 during a trade that took place back on Mar 26 ’24, which means that Taylor Amy is holding 959,252 shares at $31,170 based on the most recent closing price.
Stock Fundamentals for ZVIA
Current profitability levels for the company are sitting at:
- -0.17 for the present operating margin
- 0.45 for the gross margin
The net margin for Zevia PBC stands at -0.13. The total capital return value is set at -0.46. Equity return is now at value -21.51, with -22.65 for asset returns.
Based on Zevia PBC (ZVIA), the company’s capital structure generated 0.02 points at debt to capital in total, while cash flow to debt ratio is standing at -8.35. The debt to equity ratio resting at 0.02. The interest coverage ratio of the stock is 24.93.
Currently, EBITDA for the company is -27.33 million with net debt to EBITDA at 1.1. When we switch over and look at the enterprise to sales, we see a ratio of 0.21. The receivables turnover for the company is 14.97for trailing twelve months and the total asset turnover is 1.83. The liquidity ratio also appears to be rather interesting for investors as it stands at 2.98.
Conclusion
In conclusion, Zevia PBC (ZVIA) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
