Zevia PBC (NYSE:ZVIA) has a beta value of 0.97 and has seen 1.45 million shares traded in the last trading session. The company, currently valued at $180.96M, closed the last trade at $2.32 per share which meant it gained $0.13 on the day or 5.94% during that session. The ZVIA stock price is -6.9% off its 52-week high price of $2.48 and 73.28% above the 52-week low of $0.62. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.82 million shares traded. The 3-month trading volume is 302.62K shares.
The consensus among analysts is that Zevia PBC (ZVIA) is Buy stock at the moment, with a recommendation rating of 2.00. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 0 out of 2 have rated it as a Hold, with 1 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is -0.06.
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Zevia PBC (NYSE:ZVIA) trade information
Sporting 5.94% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the ZVIA stock price touched $2.32 or saw a rise of 9.02%. Year-to-date, Zevia PBC shares have moved 15.42%, while the 5-day performance has seen it change 10.48%. Over the past 30 days, the shares of Zevia PBC (NYSE:ZVIA) have changed 105.31%. Short interest in the company has seen 0.76 million shares shorted with days to cover at 6.37.
Wall Street analysts have a consensus price target for the stock at $2, which means that the shares’ value could drop -16.0% from current levels. The projected low price target is $2.0 while the price target rests at a high of $2.0. In that case, then, we find that the current price level is 13.79% off the targeted high while a plunge would see the stock lose 13.79% from current levels.
Zevia PBC (ZVIA) estimates and forecasts
Figures show that Zevia PBC shares have outperformed across the wider relevant industry. The company’s shares have gained 155.48% over the past 6 months, with this year growth rate of 29.27%, compared to 11.60% for the industry. Revenue growth from the last financial year stood is estimated to be -6.99%.
5 analysts offering their estimates for the company have set an average revenue estimate of 39.13M for the current quarter. 4 have an estimated revenue figure of 42.1M for the next ending quarter. Year-ago sales stood 37.79M and 38.8M respectively for this quarter and the next, and analysts expect sales will grow by 3.54% for the current quarter and -6.99% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -50.67% over the past 5 years. Earnings growth for 2024 is a modest 26.02% while over the next 5 years, the company’s earnings are expected to increase by 19.70%.
ZVIA Dividends
Zevia PBC is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.
Zevia PBC (NYSE:ZVIA)’s Major holders
Insiders own 13.28% of the company shares, while shares held by institutions stand at 51.70% with a share float percentage of 59.62%. Investors are also buoyed by the number of investors in a company, with Zevia PBC having a total of 52.0 institutions that hold shares in the company. The top two institutional holders are CAISSE DE DEPOT ET PLACEMENT DU QUEBEC with over 22.02 million shares worth more than $14.87 million. As of 2024-06-30, CAISSE DE DEPOT ET PLACEMENT DU QUEBEC held 39.4024% of shares outstanding.
The other major institutional holder is VANGUARD GROUP INC, with the holding of over 1.28 million shares as of 2024-06-30. The firm’s total holdings are worth over $0.86 million and represent 2.2871% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . As of Jun 30, 2024 , the former fund manager holds about 1.05% shares in the company for having 627.44 shares of worth $1.46 million while later fund manager owns 618.24 shares of worth $1.43 million as of Jun 30, 2024 , which makes it owner of about 1.03% of company’s outstanding stock.
