ZoomInfo Technologies Inc. (NASDAQ:ZI) shares, rose in value, with the stock price up by 1.59% to the previous day’s close as strong demand from buyers drove the stock to $15.32.
Actively observing the price movement in the last trading, the stock closed the session at $15.08. The value of beta (5-year monthly) was 1.18 whereas the PE ratio was 57.44 over 12-month period. Referring to stock’s 52-week performance, its high was $30.16, and the low was $12.36. On the whole, ZI has fluctuated by -5.02% over the past month.
With the market capitalization of ZoomInfo Technologies Inc. currently standing at about $5.82 billion, investors are eagerly awaiting this quarter’s results, scheduled for Feb 05, 2024 – Feb 09, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.23, which is expected to increase to $0.27 for fiscal year $1 and then to about $1.09 by fiscal year 2025. Data indicates that the EPS growth is expected to be -1.00% in 2025, while the next year’s EPS growth is forecast to be 9.00%.
Analysts have estimated the company’s revenue for the quarter at $308.74 million, with a low estimate of $307.6 million and a high estimate of $310.32 million. According to the average forecast, sales growth in current quarter could jump up 2.80%, compared to the corresponding quarter of last year. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $1.27 billion, representing an increase of 2.60% from the revenues reported in the last year’s results.
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 ZI’s technical picture suggests that short-term indicators denote the stock is a 100% Sell on average. However, medium term indicators have put the stock in the category of Hold while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 5.39, with the price of ZI currently trading nearly -4.03% and -5.82% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 40.62, while the 7-day volatility ratio is showing 4.16% which for the 30-day chart, stands at 3.15%. Furthermore, ZoomInfo Technologies Inc. (ZI)’s beta value is 1.17, and its average true range (ATR) is 0.55.
A comparison of ZoomInfo Technologies Inc. (ZI) with its peers suggests the former has fared considerably weaker in the market. ZI showed an intraday change of 1.59% in last session, and over the past year, it shrunk by -36.25%%.
Data on historical trading for ZoomInfo Technologies Inc. (NASDAQ:ZI) indicates that the trading volumes over the past 10 days have averaged 4.53 million and over the past 3 months, they’ve averaged 6.84 million. According to company’s latest data on outstanding shares, there are 384.83 million shares outstanding.
Nearly 25.08% of ZoomInfo Technologies Inc.’s shares belong to company insiders and institutional investors own 73.52% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 14.11 million shares as on Mar 15, 2024, resulting in a short ratio of 2.65. According to the data, the short interest in ZoomInfo Technologies Inc. (ZI) stood at 3.72% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 18.25 million. The stock has fallen by -17.14% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ZI stock heading into the next quarter.
