The volatility ratio for the week is 81.95%, and the volatility levels for the past 30 days are 28.20% for ZENA. The simple moving average for the past 20 days is 153.01% for ZENA’s stock, with a 163.90% simple moving average for the past 200 days.
Is It Worth Investing in ZenaTech Inc (NASDAQ: ZENA) Right Now?
The public float for ZENA is 1.93M, and currently, shorts hold a 15.09% of that float. The average trading volume for ZENA on November 29, 2024 was 7.88M shares.
ZENA) stock’s latest price update
ZenaTech Inc (NASDAQ: ZENA)’s stock price has gone decline by -0.77 in comparison to its previous close of 7.84, however, the company has experienced a 371.52% increase in its stock price over the last five trading days. globenewswire.com reported 2024-11-21 that TORONTO, Nov. 21, 2024 (GLOBE NEWSWIRE) — ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone solutions and enterprise SaaS (Software-as-a-Service) solutions, announces that it has signed Blue Unmanned Aerial Systems (UAS) and US National Defense Authorization Act (NDAA) compliant partner agreements for its supply chain in order to sell its ZenaDrone 1000 AI drone solutions to US Defense branches and to NATO forces. Through its subsidiary ZenaDrone, the Company recently participated in a Taiwan Trade Mission organized by the Arizona Commerce Authority (ACA) that directly resulted in these partnerships.
ZENA Trading at 163.90% from the 50-Day Moving Average
After a stumble in the market that brought ZENA to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -37.41% of loss for the given period.
Volatility was left at 28.20%, however, over the last 30 days, the volatility rate increased by 81.95%, as shares surge +255.29% for the moving average over the last 20 days.
During the last 5 trading sessions, ZENA rose by +347.88%, in comparison to the 20-day moving average, which settled at $3.06. In addition, ZenaTech Inc saw -11.59% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ZENA
Equity return is now at value -8.70, with -4.20 for asset returns.
The liquidity ratio also appears to be rather interesting for investors as it stands at 1.60.
Conclusion
In conclusion, ZenaTech Inc (ZENA) has had a mixed performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others 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.
