The stock price of Zapp Electric Vehicles Group Ltd (NASDAQ: ZAPP) has dropped by -11.64 compared to previous close of 5.84. Despite this, the company has seen a fall of -35.26% in its stock price over the last five trading days. 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.
Is It Worth Investing in Zapp Electric Vehicles Group Ltd (NASDAQ: ZAPP) Right Now?
The 36-month beta value for ZAPP is also noteworthy at 1.16. 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.”
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The public float for ZAPP is 2.64M, and at present, short sellers hold a 16.10% of that float. The average trading volume of ZAPP on August 19, 2024 was 7.89M shares.
ZAPP’s Market Performance
ZAPP stock saw a decrease of -35.26% in the past week, with a monthly decline of -62.98% and a quarterly a decrease of 296.92%. The volatility ratio for the week is 17.60%, and the volatility levels for the last 30 days are 16.73% for Zapp Electric Vehicles Group Ltd (ZAPP). The simple moving average for the past 20 days is -41.58% for ZAPP’s stock, with a 3.23% simple moving average for the past 200 days.
ZAPP Trading at -21.17% 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 -87.04% of loss for the given period.
Volatility was left at 16.73%, however, over the last 30 days, the volatility rate increased by 17.60%, as shares sank -53.60% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +502.10% upper at present.
During the last 5 trading sessions, ZAPP fell by -35.26%, which changed the moving average for the period of 200-days by +17.27% in comparison to the 20-day moving average, which settled at $8.54. In addition, Zapp Electric Vehicles Group Ltd saw -2.42% in overturn over a single year, with a tendency to cut further losses.
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 summary, Zapp Electric Vehicles Group Ltd (ZAPP) has had a bad performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
