Zevia PBC (NYSE:ZVIA)’s traded shares stood at 0.63 million during the last session, with the company’s beta value hitting 1.02. At the close of trading, the stock’s price was $2.85, to imply an increase of 1.79% or $0.05 in intraday trading. The ZVIA share’s 52-week high remains $2.95, putting it -3.51% down since that peak but still an impressive 78.25% since price per share fell to its 52-week low of $0.62. The company has a valuation of $208.09M, with an average of 0.75 million shares in intraday trading volume over the past 10 days and average of 391.13K shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Zevia PBC (ZVIA), translating to a mean rating of 2.00. Of 2 analyst(s) looking at the stock, 1 analyst(s) give ZVIA a Sell rating. 0 of those analysts rate the stock as Overweight while 0 advise Hold as 1 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at -0.06.
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Zevia PBC (NYSE:ZVIA) trade information
After registering a 1.79% upside in the last session, Zevia PBC (ZVIA) has traded red over the past five days. The 5-day price performance for the stock is 35.07%, and 163.89% over 30 days. With these gigs, the year-to-date price performance is 41.79%. Short interest in Zevia PBC (NYSE:ZVIA) saw shorts transact 0.5 million shares and set a 0.97 days time to cover.
The extremes give us $2 and $2 for target low and target high price respectively. As such, ZVIA has been trading 29.82% off suggested target high and 29.82% from its likely low.
Zevia PBC (ZVIA) estimates and forecasts
Looking at statistics comparing Zevia PBC share performance against respective industry, we note that the company has outperformed competitors. Zevia PBC (ZVIA) shares are 206.72% up over the last 6 months, with its year-to-date growth rate higher than industry average at 26.83% against 16.50%. The rating firms project that company’s revenue will shrink -6.99% compared to the previous financial year.
Revenue forecast for the current quarter as set by 5 analysts is 39.13M. Meanwhile, for the current quarter, a total of 4 analyst(s) estimate revenue growth to 42.1M.Earnings reports from the last fiscal year show that sales brought in 37.79M and 38.8M respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 3.54% before jumping 8.51% in the following quarter.
An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -50.67% for the past 5-year period. While 2024 is set for a 26.02% return in earnings, projections for the next 5 years are at 19.70% annually.
ZVIA Dividends
Zevia PBC has its next earnings report out in January. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Zevia PBC (NYSE:ZVIA)’s Major holders
Zevia PBC insiders hold 13.28% of total outstanding shares, with institutional holders owning 51.86% of the shares at 59.80% float percentage. In total, 51.86% institutions holds shares in the company, led by CAISSE DE DEPOT ET PLACEMENT DU QUEBEC. As of 2024-06-30, the company held over 22.02 million shares (or 39.4024% of shares), all amounting to roughly $14.87 million.
The next major institution holding the largest number of shares is VANGUARD GROUP INC with 1.28 million shares, or about 2.2871% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $0.86 million.
