In the past week, ZCAR stock has gone down by -10.86%, with a monthly decline of -5.42% and a quarterly plunge of -16.28%. The volatility ratio for the week is 6.45%, and the volatility levels for the last 30 days are 6.81% for Zoomcar Holdings Inc. The simple moving average for the past 20 days is -9.95% for ZCAR’s stock, with a -85.41% simple moving average for the past 200 days.
Is It Worth Investing in Zoomcar Holdings Inc. (NASDAQ: ZCAR) Right Now?
The price-to-earnings ratio for Zoomcar Holdings Inc. (NASDAQ: ZCAR) is above average at 0.03x. The 36-month beta value for ZCAR is also noteworthy at -0.45.
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The public float for ZCAR is 66.55M, and at present, short sellers hold a 1.14% of that float. The average trading volume of ZCAR on October 16, 2024 was 7.05M shares.
ZCAR) stock’s latest price update
Zoomcar Holdings Inc. (NASDAQ: ZCAR)’s stock price has gone decline by -5.56 in comparison to its previous close of 0.13, however, the company has experienced a -10.86% decrease in its stock price over the last five trading days. prnewswire.com reported 2024-10-16 that BENGALURU, India, Oct. 16, 2024 /PRNewswire/ — Zoomcar Holdings, Inc. (“Zoomcar” or the “Company”) (NASDAQ: ZCAR), the NASDAQ-listed leading marketplace for self-drive car sharing, hit a major milestone in the debt restructuring process that is aimed at reducing the company’s debt obligations of approximately $31 MM out of the total outstanding debt (“debt” and “payables”) as on June 30, 2024. Zoomcar has successfully negotiated with lenders and vendors who approximately owe 75% of the immediately payable debt.
ZCAR Trading at -8.85% from the 50-Day Moving Average
After a stumble in the market that brought ZCAR to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -99.16% of loss for the given period.
Volatility was left at 6.81%, however, over the last 30 days, the volatility rate increased by 6.45%, as shares sank -7.70% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +9.49% upper at present.
During the last 5 trading sessions, ZCAR fell by -11.22%, which changed the moving average for the period of 200-days by -96.66% in comparison to the 20-day moving average, which settled at $0.1376. In addition, Zoomcar Holdings Inc. saw -96.64% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ZCAR
Current profitability levels for the company are sitting at:
- -2.16 for the present operating margin
- 0.13 for the gross margin
The net margin for Zoomcar Holdings Inc. stands at 0.38. The total capital return value is set at 0.68. Equity return is now at value 6.10, with 17.04 for asset returns.
Based on Zoomcar Holdings Inc. (ZCAR), the company’s capital structure generated -1.7 points at debt to capital in total, while cash flow to debt ratio is standing at -1.18. The debt to equity ratio resting at -0.63. The interest coverage ratio of the stock is -21.58.
Currently, EBITDA for the company is -27.88 million with net debt to EBITDA at -0.92. When we switch over and look at the enterprise to sales, we see a ratio of 2.92. The receivables turnover for the company is 9.93for trailing twelve months and the total asset turnover is 1.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.11.
Conclusion
In summary, Zoomcar Holdings Inc. (ZCAR) 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.
