Thomson Reuters, a distinguished brokerage company, has placed a 52-week price target of $15.00 on Zumiez Inc. (NASDAQ:ZUMZ) shares after it surveyed top market analysts. Calculating estimated earnings after taking into consideration different elements, it is predicted to come at $0.74 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 Zumiez Inc. (NASDAQ:ZUMZ) stands at 18.86.
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 Zumiez Inc., the PEG ratio for coming 3-5 years is -21.06.
The technical analysis highlights that Zumiez Inc. current is trading $0.58 points away or +3.56% from its 50-day moving average of $16.41. Further it is trading $-0.03 or -0.19% away its 200-day moving average of $17.02.
The 52-week high of Zumiez Inc. (NASDAQ:ZUMZ) was $23.97 while lowest point recorded in 52-week was $11.53. It implies if stock price makes a movement of over $-6.98, it will record a new 52-week high. In the case of +47.35% drop, it will touch a new 52-week low.
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