Zillow Group Inc (NASDAQ:Z) shares, rose in value on Friday, April 05, with the stock price down by -2.76% to the previous day’s close as strong demand from buyers drove the stock to $45.53.
Actively observing the price movement in the recent trading, the stock is buoying the session at $46.82. The value of beta (5-year monthly) is 1.84. Referring to stock’s 52-week performance, its high was $61.13, and the low was $33.80. On the whole, Z has fluctuated by -19.00% over the past month.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that Z’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of Z currently trading nearly -10.64% and -15.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 32.08, while the 7-day volatility ratio is showing 3.21% which for the 30-day chart, stands at 4.61%. Furthermore, Zillow Group Inc (Z)’s beta value is 1.77, and its average true range (ATR) is 2.16.
A comparison of Zillow Group Inc (Z) with its peers suggests the former has fared considerably weaker in the market. Z showed an intraday change of -2.76% in today’s session so far, and over the past year, it grew by 3.45%%.
Data on historical trading for Zillow Group Inc (NASDAQ:Z) indicates that the trading volumes over the past 10 days have averaged 3.89 million and over the past 3 months, they’ve averaged 3.99 million. According to company’s latest data on outstanding shares, there are 171.85 million shares outstanding.
Nearly 34.02% of Zillow Group Inc’s shares belong to company insiders and institutional investors own 69.11% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.96 million shares as on Mar 15, 2024, resulting in a short ratio of 2.97. According to the data, the short interest in Zillow Group Inc (Z) stood at 5.48% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 14.8 million. The stock has fallen by -21.31% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the Z stock heading into the next quarter.
