Zebra Technologies Corporation (NASDAQ:ZBRA) could be among the best stocks to invest in right now as the company shares are trading 3.32% or 6.54 points up from last closing price of $197.28, reaching $203.82 at last check. Any clue why there is so much of action in the ZBRA stock? The share price is gaining for the fifth day in a row and has risen in 2 of the last 5 days and is up 1.69% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 28,773 shares, and in total 346073 shares valued at $70.537 million were seen changing hands compared with 317300 shares valued at $62.597 million recorded at the previous session. You should take into consideration that a greater volume on higher prices causes bullish signal for the market. It shows the sentiment is in an uptrend and more and more traders want to enter in the ZBRA stock.
Zebra Technologies Corporation (ZBRA) shares have notched a 3-month gain of about 1.69%, but has still advanced 23.9% year to date. By comparison, the stock added 15.05% over the past 12 months, while it slipped -5.27% over the 1 month. The company’s market cap is around $10.84B, with its short interest ratio standing at 3.52%.
In the current trading session for ZBRA, the stock witnessed two major price actions, it rose to a high of $204.18 and was down as much as $197.46 at one point. The high recorded is very low when compared to their 52-week high which is $140.95. The 52-week high is now at -14.16 distance from current price. Their recent low of $237.15 represents a 44.43% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for ZBRA is $239.78, this is above the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Zebra Technologies Corporation earned $8.69 per share in the trailing 12 months and has a P/E ratio of 23.45. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 29.2 and lower compared to the sector’s average of 28.03. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. ZBRA also has P/S multiple of 2.55. This is greater versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.62x.
ZBRA‘s last price was up 5.46% as compared to the average trading price of 50 days recorded at $193.27 while enlarging the period to 200 trading days, the average closing price was $200.99. At present, there are 54.95 million in the total number of common shares owned by the public and among those 53.56 million shares have been available to trade. The percentage of shares being held by the company management was 1.3% while institutions stake was 92.2%. The company has generated positive returns on equity over the last 12 months (34.5%). It managed to keep its gross profit margin at 47% over the past 12 months.
When assessing the full upside of the ZBRA stock, there is another set of technicals that should be looked into and considered. Its 1.23% gain from moving average of $201.34 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 1.61 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Zebra Technologies Corporation — 7 analysts rate the stock as a buy with another 0 rating it strong buy. There are 1 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $225.7143 on shares of Zebra Technologies Corporation (NASDAQ:ZBRA), which corresponds to 10.71% upside potential than its current market price of $203.82 and implies potential despite the recent advance in the price. However, their current target price has climbed from $225 a month ago and is up handily from the consensus target of $213.5714 a quarter ago.
In the last five years, the EPS of the company has been roughly 24%. Though the percentage looks encouraging, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 10%. The revenue of the company has risen at an average annualized rate of about 32.4 over the last five years. The company recently recorded an increase of 8.4%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards ZBRA stock. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp changed position in the company and now owns 15,755 shares worth $3,211,184, SEC documents show. Hancock Whitney Corp cut assets in the stock as 94620.78 shares have been sold, reducing its stake by -25.9% to 70,114 shares which are currently valued at $14,290,635. In addition, Boston Partners recently reported that it now owns 16,984 shares making a total of $3,461,679 based on the recent price. This refelects a change of -15.3% in their ownership.