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What Are The Analysts’ Predictions For Zapp Electric Vehicles Group Ltd (NASDAQ: ZAPP)?

Zapp Electric Vehicles Group Ltd (NASDAQ:ZAPP) price closed lower on Monday, November 20, dropping -30.75% below its previous close.

A look at the daily price movement shows that the last close reads $0.40, with intraday deals fluctuated between $0.261 and $0.3792. Taking into account the 52-week price action we note that the stock hit a 52-week high of $10.91 and 52-week low of $0.19. The stock subtracted -16.06% on its value in the past month.

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Revisions to the company’s EPS highlights a short term direction of a stock’s price movement, which in the last 7 days came up with no upward and no downward reviews.

The overview shows that ZAPP’s price is at present 11.60% off the SMA20 and -51.55% from the SMA50. The Relative Strength Index (RSI) metric on the 14-day timeframe is pointing at 42.15, with weekly volatility standing at 38.50%. The indicator jumps to 20.01% when calculated based on the past 30 days. Zapp Electric Vehicles Group Ltd (NASDAQ:ZAPP)’s beta value is holding at 1.19, while the average true range (ATR) indicator is currently reading 0.08.

An analysis of the Zapp Electric Vehicles Group Ltd (NASDAQ:ZAPP) stock in terms of its daily trading volume indicates that the 3-month average is 813.21K. However, this figure increases on the past 10-day timeline to an average of 1.91 million.

Current records show that the company has 28.75M in outstanding shares. The insiders’ percentage holdings are 63.42% of outstanding shares while the percentage share held by institutions stands at 9.20%. The stats also highlight that short interest as of Sep 28, 2023, stood at 24290.0 shares, which puts the short ratio at the time at 0.34. From this we can glean that short interest is 0.04% of company’s current outstanding shares. Notably, we see that shares short in September fall slightly given the previous month’s figure stood at 52330.0. But the -97.28% downside, the stock’s price has registered year-to-date as of last trading, will likely reignite investor interest given the prospect of it rallying even higher.