Additionally, the 36-month beta value for ZAPP is 1.23. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ZAPP is 1.97M and currently, short sellers hold a 21.58% ratio of that float. The average trading volume of ZAPP on August 13, 2024 was 7.88M shares.
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ZAPP) stock’s latest price update
Zapp Electric Vehicles Group Ltd (NASDAQ: ZAPP)’s stock price has plunge by -12.05relation to previous closing price of 7.97. Nevertheless, the company has seen a -23.14% plunge in its stock price over the last five trading sessions. globenewswire.com reported 2024-08-01 that LONDON, Aug. 01, 2024 (GLOBE NEWSWIRE) — Zapp Electric Vehicles Group Limited (Nasdaq: ZAPP) (“Zapp EV” or the “Company”), owner of “Zapp”, the British electric vehicle brand on a mission to revolutionise personal urban mobility, today announced the appointment of David McIntyre as Chief Operating Officer (“COO”) effective immediately. David, who previously served as Zapp’s Chief Commercial Officer, brings to this newly created role an extensive background in scaling operations for luxury and performance automotive brands as Zapp prepares to expand operations to additional countries in Europe and Asia.
ZAPP’s Market Performance
ZAPP’s stock has fallen by -23.14% in the past week, with a monthly drop of -39.04% and a quarterly rise of 324.85%. The volatility ratio for the week is 11.90% while the volatility levels for the last 30 days are 18.41% for Zapp Electric Vehicles Group Ltd The simple moving average for the last 20 days is -32.02% for ZAPP stock, with a simple moving average of 40.80% for the last 200 days.
ZAPP Trading at 14.59% from the 50-Day Moving Average
After a stumble in the market that brought ZAPP to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -82.39% of loss for the given period.
Volatility was left at 18.41%, however, over the last 30 days, the volatility rate increased by 11.90%, as shares sank -40.59% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +645.74% upper at present.
During the last 5 trading sessions, ZAPP fell by -23.14%, which changed the moving average for the period of 200-days by +20.86% in comparison to the 20-day moving average, which settled at $10.07. In addition, Zapp Electric Vehicles Group Ltd saw 32.56% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ZAPP
The total capital return value is set at 0.15.
Based on Zapp Electric Vehicles Group Ltd (ZAPP), the company’s capital structure generated -0.31 points at debt to capital in total, while cash flow to debt ratio is standing at -0.28.
Currently, EBITDA for the company is -7.33 million with net debt to EBITDA at -1.64.
Conclusion
In conclusion, Zapp Electric Vehicles Group Ltd (ZAPP) has seen mixed 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.
