Zapp Electric Vehicles Group Ltd (NASDAQ: ZAPP) Could Soar To Much Higher Prices In Coming Months

In the last trading session, 8.82 million Zapp Electric Vehicles Group Ltd (NASDAQ:ZAPP) shares changed hands as the company’s beta touched 0.55. With the company’s per share price at $0.40 changed hands at $0.13 or 48.15% during last session, the market valuation stood at $22.19M. ZAPP’s last price was a discount, traded about -2627.5% off its 52-week high of $10.91. The share price had its 52-week low at $0.19, which suggests the last value was 52.5% up since then. When we look at Zapp Electric Vehicles Group Ltd’s average trading volume, we note the 10-day average is 1.91 million shares, with the 3-month average coming to 676.27K.

Zapp Electric Vehicles Group Ltd (NASDAQ:ZAPP) trade information

Instantly ZAPP was in green as seen at the end of in last trading. With action 77.78%, the performance over the past five days has been green. The jump to weekly highs of 0.5100 on Friday, 11/17/23 added 48.15% to the stock’s daily price. The company’s shares are showing year-to-date downside of -96.07%, with the 5-day performance at 77.78% in the green. However, in the 30-day time frame, Zapp Electric Vehicles Group Ltd (NASDAQ:ZAPP) is -4.76% down. Looking at the short shares, we see there were 24290.0 shares sold at short interest cover period of 0.34 days.

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ZAPP Dividends

Zapp Electric Vehicles Group Ltd is expected to release its next quarterly earnings report in December.

Zapp Electric Vehicles Group Ltd (NASDAQ:ZAPP)’s Major holders

If we look at who the major shareholders are, we find that insiders hold 8.85% of Zapp Electric Vehicles Group Ltd shares while 54.59% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 59.89%. There are 54.59% institutions holding the Zapp Electric Vehicles Group Ltd stock share, with Atalaya Capital Management, LP the top institutional holder. As of Jun 29, 2023, the company held 6.75% of the shares, roughly 3.74 million ZAPP shares worth $8.49 million.

Geode Capital Management, LLC holds the second largest percentage of outstanding shares, with 0.04% or 22298.0 shares worth $50616.0 as of Jun 29, 2023.

With 22298.0 shares estimated at $61988.0 under it, the former controlled 0.04% of total outstanding shares.

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