Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $5.42 on Zix Corporation (NASDAQ:ZIXI) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.24 for the next fiscal and $N/A for underway quarter.
Analysts take into account the price to earnings ratio to estimate the firm’s valuation. This ratio, which is also called as the P/E ratio evaluates the company on relative expense factor. The formula to calculate ratio is stock’s latest price/ per share earnings. The P/E ratio of Zix Corporation (NASDAQ:ZIXI) stands at 43.98.
Analysts also work out Price/Earnings Growth ratio in an attempt to estimate the valuation of a firm. This ratio commonly known as the PEG ratio implies the stock’s valuation compared to earnings growth potential. Investors look to invest in the stocks with a lower PEG ratio. For Zix Corporation, the PEG ratio for coming 3-5 years is 0.81.
The technical analysis highlights that Zix Corporation current is trading $-0.01 points away or -0.29% from its 50-day moving average of $3.88. Further it is trading $-0.03 or -0.70% away its 200-day moving average of $3.90.
The 52-week high of Zix Corporation (NASDAQ:ZIXI) was $5.78 while lowest point recorded in 52-week was $3.23. It implies if stock price makes a movement of over $-1.91, it will record a new 52-week high. In the case of +19.81% drop, it will touch a new 52-week low.
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