During the last session, Zevia PBC (NYSE:ZVIA)’s traded shares were 1.27 million, with the beta value of the company hitting 1.02. At the end of the trading day, the stock’s price was $3.38, reflecting an intraday loss of -0.59% or -$0.02. The 52-week high for the ZVIA share is $3.55, that puts it down -5.03 from that peak though still a striking 81.66% gain since the share price plummeted to a 52-week low of $0.62. The company’s market capitalization is $246.79M, and the average intraday trading volume over the past 10 days was 0.82 million shares, and the average trade volume was 446.11K shares over the past three months.
Zevia PBC (ZVIA) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 2.00. ZVIA has a Sell rating from 1 analyst(s) out of 2 analysts who have looked at this stock. 0 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 1 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -0.06.
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Zevia PBC (NYSE:ZVIA) trade information
Zevia PBC (ZVIA) registered a -0.59% downside in the last session and has traded in the green over the past 5 sessions. The stock plummet -0.59% in intraday trading to $3.38, hitting a weekly high. The stock’s 5-day price performance is 20.71%, and it has moved by 61.72% in 30 days. Based on these gigs, the overall price performance for the year is 78.84%. The short interest in Zevia PBC (NYSE:ZVIA) is 0.59 million shares and it means that shorts have 0.79 day(s) to cover.
The consensus price target of analysts on Wall Street is $2, which implies a decrease of -69.0% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $2 and $2 respectively. As a result, ZVIA is trading at a premium of 40.83% off the target high and 40.83% off the low.
Zevia PBC (ZVIA) estimates and forecasts
Statistics show that Zevia PBC has outperformed its competitors in share price, compared to the industry in which it operates. Zevia PBC (ZVIA) shares have gone up 315.85% during the last six months, with a year-to-date growth rate more than the industry average at 26.83% against 19.30. In the rating firms’ projections, revenue will decrease -6.99% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 39.13M as predicted by 5 analyst(s). Meanwhile, a consensus of 4 analyst(s) estimates revenue growth to 42.1M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 37.79M and 38.8M respectively. In this case, analysts expect current quarter sales to grow by 3.54% and then jump by 8.51% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -50.67%. While earnings are projected to return 26.02% in 2024, the next five years will return 19.70% per annum.
ZVIA Dividends
Zevia PBC is due to release its next quarterly earnings in January. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
Zevia PBC (NYSE:ZVIA)’s Major holders
Zevia PBC insiders own 13.28% of total outstanding shares while institutional holders control 59.48%, with the float percentage being 68.60%. CAISSE DE DEPOT ET PLACEMENT DU QUEBEC is the largest shareholder of the company, while 53.0 institutions own stock in it. As of 2024-06-30, the company held over 22.02 million shares (or 39.4024% of all shares), a total value of $14.87 million in shares.
The next largest institutional holding, with 1.28 million shares, is of VANGUARD GROUP INC’s that is approximately 2.2871% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $0.86 million.
Also, the Mutual Funds coming in first place with the largest holdings of Zevia PBC (ZVIA) shares are Vanguard Total Stock Market Index Fund and Vanguard Extended Market Index Fund . Data provided on Sep 30, 2024 indicates that Vanguard Total Stock Market Index Fund owns about 627.44 shares. This amounts to just over 1.05 percent of the company’s overall shares, with a $2.12 million market value. The same data shows that the other fund manager holds slightly less at 618.24, or about 1.03% of the stock, which is worth about $2.09 million.
