Zevia PBC (NYSE:ZVIA) has a beta value of 0.65 and has seen 0.25 million shares traded in the last trading session. The ZVIA stock price is -48.07% off its 52-week high price of $4.99 and 81.6% 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 0.5 million shares traded. The 3-month trading volume is 809.90K 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 -0.08.
Zevia PBC (NYSE:ZVIA) trade information
Over the past 30 days, the shares of Zevia PBC (NYSE:ZVIA) have changed -23.58%. Short interest in the company has seen 1.08 million shares shorted with days to cover at 1.11.
Wall Street analysts have a consensus price target for the stock at $2, which means that the shares’ value could drop -68.5% 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 40.65% off the targeted high while a plunge would see the stock lose 40.65% from current levels.
Zevia PBC (ZVIA) estimates and forecasts
The company’s shares have gained 230.39% over the past 6 months. Revenue growth from the last financial year stood is estimated to be -6.84%.
4 analysts offering their estimates for the company have set an average revenue estimate of 39.49M for the current quarter. 4 have an estimated revenue figure of 40.75M 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 4.48% for the current quarter and -6.84% 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 2025 is a modest 21.95% while over the next 5 years, the company’s earnings are expected to increase by 34.86%.
ZVIA Dividends
Zevia PBC is expected to release its next earnings report in March 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 64.88% with a share float percentage of 74.82%. Investors are also buoyed by the number of investors in a company, with Zevia PBC having a total of 73.0 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 Sep 30, 2024 , the former fund manager holds about 1.05% shares in the company for having 627.44 shares of worth $2.11 million while later fund manager owns 618.24 shares of worth $2.08 million as of Sep 30, 2024 , which makes it owner of about 1.03% of company’s outstanding stock.
