Zendesk Inc. [NYSE: ZEN] jumped around 0.01 points on Wednesday, while shares priced at $123.09 at the close of the session, up 0.01%. The company report on April 11, 2022 that Zentek Announces Start of Phase Two Testing of ZenGUARD(TM) – Coated Filters Under ISC Testing Stream Contract.
further to its press release dated November 30, 2021, Zentek Ltd. (“Zentek” or the “Company”) (NASDAQ:ZTEK)(TSX-V:ZEN), a Canadian intellectual property development and commercialization company, announces that after successful completion of Phase 1 testing of its ZenGUARD™-coated HVAC filters, it will proceed to Phase 2 testing within its Innovation Solutions Canada (“ISC”) Testing Stream contract.
Pursuant to its press release dated November 30, 2021, the Company announced that it has been awarded a research and development test contract through the ISC Testing Stream Call for Proposals to test ZenGUARD™-coated HVAC filters with interest from three different units within the National Research Council of Canada (“NRC”). The goal of the testing was to demonstrate: (i) a net reduction in the airborne viral load with ZenGUARD™ coating applied to standard filters; (ii) no modifications required to existing HVAC systems to achieve (i) above; (iii) no reduction in air flow rates, which means air exchange rates in the space will be unchanged; and (iv) no reduction in the air quality as the ZenGUARD™ coating will be tested to ensure it does not contribute particles into the air stream.
Zendesk Inc. stock is now 18.03% up from its year-to-date (YTD) trading value. ZEN Stock saw the intraday high of $126.71 and lowest of $120.74 per share. The company’s 52-week high price is 155.62, which means current price is +40.03% above from all time high which was touched on 04/19/22.
Compared to the average trading volume of 2.15M shares, ZEN reached a trading volume of 3130295 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Zendesk Inc. [ZEN]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZEN shares is $137.90 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ZEN stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Wolfe Research have made an estimate for Zendesk Inc. shares, keeping their opinion on the stock as Peer Perform, with their previous recommendation back on February 14, 2022. While these analysts kept the previous recommendation, Cowen dropped their target price from $140 to $115. The new note on the price target was released on November 19, 2021, representing the official price target for Zendesk Inc. stock. On October 29, 2021, analysts decreased their price target for ZEN shares from 160 to 130.
The Average True Range (ATR) for Zendesk Inc. is set at 4.41, with the Price to Sales ratio for ZEN stock in the period of the last 12 months amounting to 11.70. The Price to Book ratio for the last quarter was 30.47, with the Price to Cash per share for the same quarter was set at 7.99. Price to Free Cash Flow for ZEN in the course of the last twelve months was 101.22 with Quick ratio for the last quarter at 1.60.
How has ZEN stock performed recently?
Zendesk Inc. [ZEN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.43. With this latest performance, ZEN shares gained by 3.55% in over the last four-week period, additionally sinking by -1.49% over the last 6 months – not to mention a drop of -20.77% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ZEN stock in for the last two-week period is set at 52.58, with the RSI for the last a single of trading hit 50.59, and the three-weeks RSI is set at 53.93 for Zendesk Inc. [ZEN]. The present Moving Average for the last 50 days of trading for this stock 119.45, while it was recorded at 122.38 for the last single week of trading, and 114.74 for the last 200 days.
Zendesk Inc. [ZEN]: Deeper insight into the fundamentals
Zendesk Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.
Earnings analysis for Zendesk Inc. [ZEN]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ZEN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Zendesk Inc. go to 34.60%.
Insider trade positions for Zendesk Inc. [ZEN]
There are presently around $15,115 million, or 99.48% of ZEN stock, in the hands of institutional investors. The top three institutional holders of ZEN stocks are: CAPITAL WORLD INVESTORS with ownership of 14,666,370, which is approximately 47.802% of the company’s market cap and around 0.90% of the total institutional ownership; VANGUARD GROUP INC, holding 11,461,432 shares of the stock with an approximate value of $1.41 billion in ZEN stocks shares; and BLACKROCK INC., currently with $813.4 million in ZEN stock with ownership of nearly -14.16% of the company’s market capitalization.
250 institutional holders increased their position in Zendesk Inc. [NYSE:ZEN] by around 33,308,500 shares. Additionally, 252 investors decreased positions by around 27,642,627 shares, while 57 investors held positions by with 61,851,377 shares. The mentioned changes placed institutional holdings at 122,802,504 shares, according to the latest SEC report filing. ZEN stock had 91 new institutional investments in for a total of 15,770,913 shares, while 97 institutional investors sold positions of 4,358,661 shares during the same period.