In last trading session, Zovio Inc (NASDAQ:ZVO) saw 1.56 million shares changing hands with its beta currently measuring 1.09. Company’s recent per share price level of $0.17 trading at -$0.03 or -10.91% at ring of the bell on the day assigns it a market valuation of $6.19M. That closing price of ZVO’s stock is at a discount of -1364.71% from its 52-week high price of $2.49 and is indicating a discount of -11.76% from its 52-week low price of $0.19. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 1.78 million shares which gives us an average trading volume of 585.32K if we extend that period to 3-months.
Zovio Inc (NASDAQ:ZVO) trade information
Upright in the red during last session for losing -10.91%, in the last five days ZVO remained trading in the red while hitting it’s week-highest on Thursday, 09/15/22 when the stock touched $0.17 price level, adding 31.17% to its value on the day. Zovio Inc’s shares saw a change of -86.30% in year-to-date performance and have moved -31.76% in past 5-day. Zovio Inc (NASDAQ:ZVO) showed a performance of -39.33% in past 30-days. Number of shares sold short was 0.22 million shares which calculate 1.58 days to cover the short interests.
Zovio Inc (ZVO) estimates and forecasts
Statistics highlight that Zovio Inc is scoring comparatively higher than the scores of other players of the relevant industry. The company lost -80.20% of value to its shares in past 6 months, showing an annual growth rate of 42.55% while that of industry is 13.40. Apart from that, the company came raising its revenue forecast for fiscal year 2022. This year revenue growth is estimated to fall -11.40% from the last financial year’s standing.
0 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $61.63 million for the same.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -12.20% during past 5 years. In 2022, company’s earnings growth rate is likely to be around 16.90% while estimates for its earnings growth in next 5 years are of 20.00%.
Zovio Inc is more likely to be releasing its next quarterly report between October 25 and October 31 and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt.
Zovio Inc (NASDAQ:ZVO)’s Major holders
Insiders are in possession of 6.88% of company’s total shares while institution are holding 55.09 percent of that, with stock having share float percentage of 59.16%. Investors also watch the number of corporate investors in a company very closely, which is 55.09% institutions for Zovio Inc that are currently holding shares of the company. Nantahala Capital Management, LLC is the top institutional holder at ZVO for having 2.61 million shares of worth $2.14 million. And as of Mar 30, 2022, it was holding 7.67% of the company’s outstanding shares.
The second largest institutional holder is Royce & Associates LP, which was holding about 2.45 million shares on Mar 30, 2022. The number of shares represents firm’s hold over 7.18% of outstanding shares, having a total worth of $2.01 million.
On the other hand, Royce Opportunity Fund and Heartland Value Fund are the top two Mutual Funds which own company’s shares. As of Mar 30, 2022, the former fund manager was holding 1.58 million shares of worth $1.3 million or 4.63% of the total outstanding shares. The later fund manager was in possession of 1.23 million shares on Mar 30, 2022, making its stake of worth around $1.0 million in the company or a holder of 3.59% of company’s stock.