Cazoo Group Ltd (NYSE:CZOO) price on Wednesday, March 27, rose 100.96% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $12.56.
A look at the stock’s price movement, the close in the last trading session was $6.25. Turning to its 52-week performance, $295.00 and $2.11 were the 52-week high and 52-week low respectively. Overall, CZOO moved 194.84% over the past month.
Cazoo Group Ltd’s market cap currently stands at around $61.42 million.
Analysts have a consensus estimate of $344.97 million for the company’s revenue for the quarter, with a low and high estimate of $375.37 million and $375.37 million respectively. Wall Street analysts have also projected the company’s year-on-year revenue for 2022 to grow to $1.58 billion, representing a 90.70% jump on that reported in the last financial year.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Turning to the stock’s technical picture we see that short term indicators suggest on average that CZOO is a 50% Sell. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category.
CZOO’s current price about 262.61% and 208.99% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 81.67, while 7-day volatility ratio is 69.32% and 32.96% in the 30-day chart. Further, Cazoo Group Ltd (CZOO) has a beta value of 2.05, and an average true range (ATR) of 1.51.
If we refocus on Cazoo Group Ltd (NYSE:CZOO), historical trading data shows that trading volumes averaged 4.75 million over the past 10 days and 439.83K over the past 3 months. The company’s latest data on shares outstanding shows there are 4.89 million shares.
The 12.12% of Cazoo Group Ltd’s shares are in the hands of company insiders while institutional holders own 69.29% of the company’s shares. Also important is the data on short interest which shows that short shares stood at 30850.0 on Feb 29, 2024, giving us a short ratio of 1.15. The data shows that as of Feb 29, 2024 short interest in Cazoo Group Ltd (CZOO) stood at 0.63% of shares outstanding, with shares short falling to 48160.0 registered in Jan 31, 2024. Current price change has pushed the stock 32.21% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the CZOO stock continues to rise going into the next quarter.
