Zoetis Inc (NYSE:ZTS) shares, rose in value on Friday, April 26, with the stock price up by 2.52% to the previous day’s close as strong demand from buyers drove the stock to $157.23.
Actively observing the price movement in the recent trading, the stock is buoying the session at $153.36. The PE ratio was 31.01 over 12-month period. Referring to stock’s 52-week performance, its high was $201.92, and the low was $144.80. On the whole, ZTS has fluctuated by -6.69% over the past month.
The company’s Forward Dividend Ratio is 1.61, with its dividend yield at 1.03%.
Projections by analysts suggest varying estimates for the company’s quarterly revenue. Analysts have estimated the company’s revenue for the quarter at 9.17B, with a low estimate of 2.11B and a high estimate of 2.18B. Wall Street analysts also predicted that the company’s y-o-y revenues would reach 2.15B.
Technical indicators serve as essential tools for traders, offering insights into market sentiment and potential price movements. We see that ZTS’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 100% Sell 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 3.19, with the price of ZTS currently trading nearly -0.43% and -8.97% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 45.64, while the 7-day volatility ratio is showing 3.24% which for the 30-day chart, stands at 2.52%. Furthermore, Zoetis Inc (ZTS)’s beta value is 0.87, and its average true range (ATR) is 4.65.
A comparison of Zoetis Inc (ZTS) with its peers suggests the former has fared considerably weaker in the market. ZTS showed an intraday change of 2.52% in today’s session so far, and over the past year, it shrunk by -9.08%%.
Data on historical trading for Zoetis Inc (NYSE:ZTS) indicates that the trading volumes over the past 3 months, they’ve averaged 3.42 million. According to company’s latest data on outstanding shares, there are 458.37 million shares outstanding.
Nearly 0.09% of Zoetis Inc’s shares belong to company insiders and institutional investors own 95.72% of the company’s shares. The stock has fallen by -20.34% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ZTS stock heading into the next quarter.
