Zevia PBC [NYSE: ZVIA] gained 51.72% or 1.05 points to close at $3.08 with a heavy trading volume of 5539142 shares.
The daily chart for ZVIA points out that the company has recorded 182.57% gains over the past six months.
If we look at the average trading volume of 451.81K shares, ZVIA reached to a volume of 5539142 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 Zevia PBC [ZVIA]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZVIA shares is $4.12 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ZVIA stock is a recommendation set at 2.00. 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.
Telsey Advisory Group have made an estimate for Zevia PBC shares, keeping their opinion on the stock as Market Perform, with their previous recommendation back on July 25, 2023. While these analysts kept the previous recommendation, Goldman dropped their target price from $5 to $3. The new note on the price target was released on July 25, 2023, representing the official price target for Zevia PBC stock.
The Average True Range (ATR) for Zevia PBC is set at 0.22, with the Price to Sales ratio for ZVIA stock in the period of the last 12 months amounting to 1.48. The Price to Book ratio for the last quarter was 3.79, with the Price to Cash per share for the same quarter was set at 0.37.
Trading performance analysis for ZVIA stock
Zevia PBC [ZVIA] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 31.06. With this latest performance, ZVIA shares gained by 41.94% in over the last four-week period, additionally plugging by 182.57% over the last 6 months – not to mention a rise of 231.15% 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 ZVIA stock in for the last two-week period is set at 71.32, with the RSI for the last a single of trading hit 77.85, and the three-weeks RSI is set at 65.10 for Zevia PBC [ZVIA]. The present Moving Average for the last 50 days of trading for this stock 2.23, while it was recorded at 2.28 for the last single week of trading, and 2.19 for the last 200 days.
Zevia PBC [ZVIA]: A deeper dive into fundamental analysis
Zevia PBC’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.63 and a Current Ratio set at 2.34.
Zevia PBC [ZVIA]: 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 ZVIA. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Zevia PBC go to 49.04%.
An analysis of Institutional ownership at Zevia PBC [ZVIA]
The top three institutional holders of ZVIA stocks are: CAISSE DE DEPOT ET PLACEMENT DU QUEBEC with ownership of 22.02 million shares, which is approximately 37.5461%. VANGUARD GROUP INC, holding 1.28 million shares of the stock with an approximate value of $$0.86 million in ZVIA stocks shares; and VANGUARD GROUP INC, currently with $$0.48 million in ZVIA stock with ownership which is approximately 1.2148%.
