In the last trading session, 1.08 million shares of the Zevia PBC (NYSE:ZVIA) were traded, and its beta was 1.02. Most recently the company’s share price was $3.13, and it changed around $0.28 or 9.82% from the last close, which brings the market valuation of the company to $232.61M. ZVIA currently trades at a discount to its 52-week high of $2.99, offering almost 4.47% off that amount. The share price’s 52-week low was $0.62, which indicates that the current value has risen by an impressive 80.19% since then. We note from Zevia PBC’s average daily trading volume that its 10-day average is 0.79 million shares, with the 3-month average coming to 400.38K.
Zevia PBC stock received a consensus recommendation rating of Hold, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 6 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 3 recommended ZVIA as a Hold, whereas 2 deemed it a Buy, and 0 rated it as Underweight.
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Zevia PBC (NYSE:ZVIA) trade information
Instantly ZVIA has showed a green trend with a performance of 9.82% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 3.37 on recent trading dayincreased the stock’s daily price by 7.12%. The company’s shares are currently up 55.72% year-to-date, but still up 9.06% over the last five days. On the other hand, Zevia PBC (NYSE:ZVIA) is 160.83% up in the 30-day period. We can see from the shorts that 0.5 million shares have been sold at a short interest cover period of 0.97 day(s).
The consensus price target as assigned by Wall Street analysts is $2, which translates to bulls needing to decrease their stock price by -56.5% from its current value. Analyst projections state that ZVIA is forecast to be at a low of $2 and a high of $2.
Zevia PBC (ZVIA) estimates and forecasts
Zevia PBC share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen 255.88 percent over the past six months and at a 26.83% annual growth rate that is well above the industry average of 16.50%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -50.67%. Zevia PBC earnings are expected to increase by 26.02% in 2024, but the outlook is positive 19.70% per year for the next five years.
ZVIA Dividends
Zevia PBC’s next quarterly earnings report is expected to be released in January.
Zevia PBC (NYSE:ZVIA)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 13.28% of Zevia PBC shares, and 51.86% of them are in the hands of institutional investors. The stock currently has a share float of 59.80%. Zevia PBC stock is held by 52.0 institutions, with CAISSE DE DEPOT ET PLACEMENT DU QUEBEC being the largest institutional investor. By 2024-06-30, it held 39.4024% of the shares, which is about 22.02 million shares worth $14.87 million.
VANGUARD GROUP INC, with 2.2871% or 1.28 million shares worth $0.86 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
