Zapp Electric Vehicles Group Ltd (NASDAQ: ZAPP)’s stock price has gone decline by -9.36 in comparison to its previous close of 3.74, however, the company has experienced a -17.32% decrease 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?
ZAPP has 36-month beta value of 1.04. Analysts have mixed views on the stock, with 1 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ZAPP is 2.64M, and currently, short sellers hold a 6.80% ratio of that float. The average trading volume of ZAPP on September 05, 2024 was 7.92M shares.
ZAPP’s Market Performance
ZAPP stock saw a decrease of -17.32% in the past week, with a monthly decline of -62.83% and a quarterly a decrease of 313.31%. The volatility ratio for the week is 8.57%, and the volatility levels for the last 30 days are 13.19% for Zapp Electric Vehicles Group Ltd (ZAPP). The simple moving average for the past 20 days is -38.35% for ZAPP’s stock, with a -32.05% simple moving average for the past 200 days.
ZAPP Trading at -53.10% 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 -89.97% of loss for the given period.
Volatility was left at 13.19%, however, over the last 30 days, the volatility rate increased by 8.57%, as shares sank -62.21% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +58.41% upper at present.
During the last 5 trading sessions, ZAPP fell by -17.32%, which changed the moving average for the period of 200-days by -38.32% in comparison to the 20-day moving average, which settled at $5.22. In addition, Zapp Electric Vehicles Group Ltd saw -35.89% 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
To put it simply, Zapp Electric Vehicles Group Ltd (ZAPP) has had a bad performance in recent times. Analysts have a bullish opinion on the stock, with some rating 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.
