In the past week, ZION stock has gone up by 0.04%, with a monthly decline of -6.06% and a quarterly surge of 4.91%. The volatility ratio for the week is 2.64%, and the volatility levels for the last 30 days are 2.77% for Zions Bancorporation N.A The simple moving average for the past 20 days is -1.65% for ZION’s stock, with a 4.62% simple moving average for the past 200 days.
Is It Worth Investing in Zions Bancorporation N.A (NASDAQ: ZION) Right Now?
The price-to-earnings ratio for Zions Bancorporation N.A (NASDAQ: ZION) is 11.01x, which is above its average ratio. Moreover, the 36-month beta value for ZION is 1.08. Analysts have varying opinions on the stock, with 7 analysts rating it as a “buy,” 6 as “overweight,” 12 as “hold,” and 0 as “sell.”
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The public float for ZION is 145.34M and currently, short sellers hold a 4.33% of that float. On October 03, 2024, ZION’s average trading volume was 1.67M shares.
ZION) stock’s latest price update
Zions Bancorporation N.A (NASDAQ: ZION)’s stock price has increased by 0.20 compared to its previous closing price of 45.60. However, the company has seen a 0.04% increase in its stock price over the last five trading sessions. zacks.com reported 2024-09-24 that ZION’s arm, California Bank & Trust, is set to buy four branches from California-based FirstBank to expand its footprint in Coachella Valley to six locations.
Analysts’ Opinion of ZION
Many brokerage firms have already submitted their reports for ZION stocks, with Morgan Stanley repeating the rating for ZION by listing it as a “Equal-Weight.” The predicted price for ZION in the upcoming period, according to Morgan Stanley is $54 based on the research report published on September 30, 2024 of the current year 2024.
Deutsche Bank gave a rating of “Hold” to ZION, setting the target price at $47 in the report published on April 10th of the current year.
ZION Trading at -3.98% 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 -14.31% of loss for the given period.
Volatility was left at 2.77%, however, over the last 30 days, the volatility rate increased by 2.64%, as shares sank -3.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -13.02% lower at present.
During the last 5 trading sessions, ZION rose by +0.04%, which changed the moving average for the period of 200-days by +0.04% in comparison to the 20-day moving average, which settled at $46.38. In addition, Zions Bancorporation N.A saw 4.15% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ZION starting from ALEXANDER BRUCE K, who sale 5,156 shares at the price of $51.83 back on Jul 29 ’24. After this action, ALEXANDER BRUCE K now owns 17,857 shares of Zions Bancorporation N.A, valued at $267,257 using the latest closing price.
SHIREY TERRY ALAN, the Executive Vice President & of Zions Bancorporation N.A, sale 1,917 shares at $51.78 during a trade that took place back on Jul 26 ’24, which means that SHIREY TERRY ALAN is holding 24,640 shares at $99,262 based on the most recent closing price.
Stock Fundamentals for ZION
Current profitability levels for the company are sitting at:
- 0.38 for the present operating margin
- 1.0 for the gross margin
The net margin for Zions Bancorporation N.A stands at 0.15. The total capital return value is set at 0.03. Equity return is now at value 11.50, with 0.74 for asset returns.
Based on Zions Bancorporation N.A (ZION), the company’s capital structure generated 0.51 points at debt to capital in total, while cash flow to debt ratio is standing at 0.16. The debt to equity ratio resting at 1.03. The interest coverage ratio of the stock is 1.19.
Currently, EBITDA for the company is 1.15 billion with net debt to EBITDA at 18.45. When we switch over and look at the enterprise to sales, we see a ratio of 2.29. The receivables turnover for the company is 11.35for trailing twelve months and the total asset turnover is 0.05. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.14.
Conclusion
To wrap up, the performance of Zions Bancorporation N.A (ZION) has been better in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
