Zovio Inc [ZVO] Is Currently -5.76 below its 200 Period Moving Avg: What Does This Mean?

Zovio Inc [NASDAQ: ZVO] loss -5.76% or -0.01 points to close at $0.17 with a heavy trading volume of 20463806 shares. The company report on August 1, 2022 that Zovio Inc Reports Second Quarter 2022 Results.

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Zovio Inc (NASDAQ: ZVO), an education technology services company, today announced its results for the three and six months ended June 30, 2022.

It opened the trading session at $0.1985, the shares rose to $0.20 and dropped to $0.1594, the range by which the price of stock traded the whole day. The daily chart for ZVO points out that the company has recorded -77.35% loss over the past six months. However, it is still -30.77% lower than its most recent low trading price.

If we look at the average trading volume of 5.58M shares, ZVO reached to a volume of 20463806 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Zovio Inc [ZVO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZVO shares is $5.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ZVO stock is a recommendation set at 5.00. 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.

Northland Capital have made an estimate for Zovio Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on April 09, 2021.

The Average True Range (ATR) for Zovio Inc is set at 0.04, with the Price to Sales ratio for ZVO stock in the period of the last 12 months amounting to 0.03. The Price to Book ratio for the last quarter was 0.87, with the Price to Cash per share for the same quarter was set at 0.58.

Trading performance analysis for ZVO stock

Zovio Inc [ZVO] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -6.40. With this latest performance, ZVO shares gained by 5.02% in over the last four-week period, additionally sinking by -77.35% over the last 6 months – not to mention a drop of -91.16% 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 ZVO stock in for the last two-week period is set at 44.53, with the RSI for the last a single of trading hit 47.52, and the three-weeks RSI is set at 40.38 for Zovio Inc [ZVO]. The present Moving Average for the last 50 days of trading for this stock 0.2028, while it was recorded at 0.1645 for the last single week of trading, and 0.7238 for the last 200 days.

Zovio Inc [ZVO]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Zovio Inc [ZVO] shares currently have an operating margin of -15.19 and a Gross Margin at +73.60. Zovio Inc’s Net Margin is presently recorded at -16.10.

Return on Equity for this stock declined to -106.91, with Return on Assets sitting at -27.29.

Zovio Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.90 and a Current Ratio set at 0.90.

Zovio Inc [ZVO]: An earnings per share (EPS) analysis

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 ZVO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Zovio Inc go to 20.00%.

An analysis of insider ownership at Zovio Inc [ZVO]

There are presently around $2 million, or 40.40% of ZVO stock, in the hands of institutional investors. The top three institutional holders of ZVO stocks are: ROYCE & ASSOCIATES LP with ownership of 2,567,476, which is approximately 4.903% of the company’s market cap and around 1.40% of the total institutional ownership; HEARTLAND ADVISORS INC, holding 1,900,002 shares of the stock with an approximate value of $0.31 million in ZVO stocks shares; and NANTAHALA CAPITAL MANAGEMENT, LLC, currently with $0.27 million in ZVO stock with ownership of nearly -36.669% of the company’s market capitalization.

Positions in Zovio Inc stocks held by institutional investors increased at the end of October and at the time of the October reporting period, where 16 institutional holders increased their position in Zovio Inc [NASDAQ:ZVO] by around 1,429,352 shares. Additionally, 18 investors decreased positions by around 3,715,567 shares, while 6 investors held positions by with 8,313,089 shares. The mentioned changes placed institutional holdings at 13,458,008 shares, according to the latest SEC report filing. ZVO stock had 6 new institutional investments in for a total of 82,565 shares, while 6 institutional investors sold positions of 1,772,909 shares during the same period.


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