Zion Oil & Gas, Inc. (NASDAQ:ZN) is one of the hottest stocks trading today on the U.S. Markets as the company shares are 4.41% or 0.015 points higher from last closing price of $0.34, reaching $0.355 at last check. Any clue why there is so much of action in the ZN stock? The share price has risen in 4 of the last 5 days and is up 36.3% 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 weak volume too with far less shares changing hands than in a normal session. Trading activity as of this writing weakened by -14,000,000 shares, and in total 2.435 million shares valued at $864292 were seen changing hands compared with 16.022 million shares valued at $5.448 million recorded at the previous session. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes in ZN stock for the next couple of days.
Zion Oil & Gas, Inc. (ZN) shares have notched a 3-month gain of about 36.3%, but has still advanced 94.5% year to date. By comparison, the stock sank -26.81% over the past 12 months, while it jumped 116.86% over the 1 month. The company’s market cap is around $34.37M, with its short interest ratio standing at 0.78%.
In the current trading session for ZN, the stock witnessed two major price actions, it rose to a high of $0.3699 and was down as much as $0.3357 at one point. The high recorded is very low when compared to their 52-week high which is $0.12. The 52-week high is now at -70 distance from current price. Their recent low of $1.2 represents a 200% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
ZN‘s last price was up 3.56% as compared to the average trading price of 50 days recorded at $0.34 while enlarging the period to 200 trading days, the average closing price was $0.2. At present, there are 102.37 million in the total number of common shares owned by the public and among those 89.65 million shares have been available to trade. The percentage of shares being held by the company management was 1.4% while institutions stake was 4.5%. The company has generated negative returns on equity over the last 12 months (-532.6%). It managed to keep its gross profit margin at 0% over the past 12 months.
When assessing the full upside of the ZN stock, there is another set of technicals that should be looked into and considered. Its 52.55% gain from moving average of $0.23 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 0.13 to the stock. With the beta been less than one, this implies that the company shares are theoretically less volatile than the market, something that the traders definitely are keeping an eye on.
In the last five years, the EPS of the company has been roughly -18.1%. Though the percentage looks disappointing, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by 0%. The revenue of the company has retreated at an average annualized rate of about 0 over the last five years. The company recently recorded a drop of 0%, but this figure is rather unattractive.