Zions Bancorporation N.A (NASDAQ: ZION) has experienced a rise in its stock price by 0.87 compared to its previous closing price of 59.69. However, the company has seen a fall of -0.23% in its stock price over the last five trading days. zacks.com reported 2024-11-07 that Does Zions (ZION) have what it takes to be a top stock pick for momentum investors? Let’s find out.
Is It Worth Investing in Zions Bancorporation N.A (NASDAQ: ZION) Right Now?
Zions Bancorporation N.A (NASDAQ: ZION) has a price-to-earnings ratio that is above its average at 13.70x. The stock has a 36-month beta value of 1.08. Opinions on the stock are mixed, 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 145.36M, and at present, short sellers hold a 3.94% of that float. On November 14, 2024, the average trading volume of ZION was 1.47M shares.
ZION’s Market Performance
ZION’s stock has seen a -0.23% decrease for the week, with a 19.23% rise in the past month and a 30.52% gain in the past quarter. The volatility ratio for the week is 3.20%, and the volatility levels for the past 30 days are at 3.07% for Zions Bancorporation N.A. The simple moving average for the past 20 days is 11.51% for ZION’s stock, with a 33.81% simple moving average for the past 200 days.
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 20.70% 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 -1.42% of loss for the given period.
Volatility was left at 3.07%, however, over the last 30 days, the volatility rate increased by 3.20%, as shares surge +17.90% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +27.32% upper at present.
During the last 5 trading sessions, ZION fell by -0.23%, which changed the moving average for the period of 200-days by +35.49% in comparison to the 20-day moving average, which settled at $53.99. In addition, Zions Bancorporation N.A saw 37.25% 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 SHIREY TERRY ALAN, who proposed sale 5,060 shares at the price of $60.50 back on Nov 13 ’24. After this action, SHIREY TERRY ALAN now owns shares of Zions Bancorporation N.A, valued at $306,129 using the latest closing price.
Ellingsen Eric, the Executive VP & of Zions Bancorporation N.A, sale 1,238 shares at $60.84 during a trade that took place back on Nov 11 ’24, which means that Ellingsen Eric is holding 35,878 shares at $75,316 based on the most recent closing price.
Stock Fundamentals for ZION
Current profitability levels for the company are sitting at:
- 0.37 for the present operating margin
- 1.04 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 11.76, with 0.79 for asset returns.
Based on Zions Bancorporation N.A (ZION), the company’s capital structure generated 0.35 points at debt to capital in total, while cash flow to debt ratio is standing at 0.5. The debt to equity ratio resting at 0.54. The interest coverage ratio of the stock is 1.61.
Currently, EBITDA for the company is 1.03 billion with net debt to EBITDA at 6.52. When we switch over and look at the enterprise to sales, we see a ratio of 2.25. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.14.
Conclusion
To sum up, Zions Bancorporation N.A (ZION) has seen a better performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
