In today’s recent session, 0.86 million shares of the DZS Inc (NASDAQ:DZSI) have been traded, and its beta is 1.89. Most recently the company’s share price was $0.64, and it changed around -$0.4 or -38.75% from the last close, which brings the market valuation of the company to $23.93M. DZSI at last check was trading at a discount to its 52-week high of $3.27, offering almost -410.94% off that amount. The share price’s 52-week low was $0.95, which indicates that the recent value has fallen by an impressive -48.44% since then. We note from DZS Inc’s average daily trading volume that its 10-day average is 0.11 million shares, with the 3-month average coming to 214.49K.
DZS Inc stock received a consensus recommendation rating of Buy, based on a mean score of 1.00. If we narrow it down even further, the data shows that 0 out of 1 analysts rate the stock as a Sell; another 0 rate it as Overweight. Among the rest, 0 recommended DZSI as a Hold, whereas 1 deemed it a Buy, and 0 rated it as Underweight. DZS Inc is expected to report earnings per share of 0 for the current quarter.
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DZS Inc (NASDAQ:DZSI) trade information
Instantly DZSI has been showing red trend so far today with a performance of -38.75% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 1.2100 on recent trading dayincreased the stock’s daily price by 47.11%. The company’s shares are currently down -67.66% year-to-date, but still down -46.02% over the last five days. On the other hand, DZS Inc (NASDAQ:DZSI) is -46.47% down in the 30-day period. We can see from the shorts that 1.05 million shares have been sold at a short interest cover period of 4.43 day(s).
The consensus price target as assigned by Wall Street analysts is $18, which translates to bulls needing to increase their stock price by 96.44% from its current value. Analyst projections state that DZSI is forecast to be at a low of $4 and a high of $25.
DZS Inc (DZSI) estimates and forecasts
The year-over-year growth rate is expected to be -1.50%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 85.92M in revenue for the current quarter. 5 analysts expect DZS Inc to make 96.28M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 91.08M and 104.92M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -5.70%. Forecasts for the next quarter put sales growth at -8.20%.
DZS Inc earnings are expected to increase by 1.32% in 2024, but the outlook is positive 20.00% per year for the next five years.
DZSI Dividends
DZS Inc’s next quarterly earnings report is expected to be released on 2023-May-08.
DZS Inc (NASDAQ:DZSI)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 47.08% of DZS Inc shares, and 20.89% of them are in the hands of institutional investors. The stock currently has a share float of 39.47%. DZS Inc stock is held by 88.0 institutions, with ROYCE & ASSOCIATES LP being the largest institutional investor. By 2024-03-31, it held 4.8651% of the shares, which is about 1.51 million shares worth $1.99 million.
BLACKROCK INC., with 4.5009% or 1.4 million shares worth $1.84 million as of 2024-03-31, holds the second largest percentage of outstanding shares.
