92 institutions hold shares in Zepp Health Corporation (ZEPP), with 4.83M shares held by insiders accounting for 7.67% while institutional investors hold 69.77% of the company’s shares. The shares outstanding are 62.41M, and float is at 23.41M with Short Float at 3.41%. Institutions hold 64.42% of the Float.
The top institutional shareholder in the company is Wells Fargo & Company with over 6.13 million shares valued at $72.67 million. The investor’s holdings represent 23.34% of the ZEPP Shares outstanding. As of Dec 30, 2020, the second largest holder is FIL LTD with 2.05 million shares valued at $24.29 million to account for 7.80% of the shares outstanding. The other top investors are Goldman Sachs Group, Inc. which holds 1.55 million shares representing 5.88% and valued at over $18.31 million, while Franklin Resources, Inc. holds 5.60% of the shares totaling 1.47 million with a market value of $17.42 million.
Zepp Health Corporation (NYSE: ZEPP) is -8.10% lower on its value in year-to-date trading and has touched a low of $8.75 and a high of $20.25 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ZEPP stock was last observed hovering at around $10.92 in the last trading session, with the day’s loss setting it -0.03% off its average median price target of $105.08 for the next 12 months. It is also 90.85% off the consensus price target high of $119.07 offered by 3 analysts, but current levels are 87.78% higher than the price target low of $89.09 for the same period.
Currently trading at $10.89, the stock is 1.94% and -17.67% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.23 million and changing -0.27% at the moment leaves the stock -17.60% off its SMA200. ZEPP registered -11.54% loss for a year compared to 6-month loss of -6.28%. The firm has a 50-day simple moving average (SMA 50) of $11.60 and a 200-day simple moving average (SMA200) of $13.14.
The stock witnessed a 4.51% gain in the last 1 month and extending the period to 3 months gives it a -22.60%, and is 6.56% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.36% over the week and 4.90% over the month.
Zepp Health Corporation (ZEPP) has around 1507 employees, a market worth around $665.05M and $991.10M in sales. Current P/E ratio is 20.20 and Fwd P/E is 6.18. Profit margin for the company is 3.60%. Distance from 52-week low is 24.46% and -46.22% from its 52-week high. The company has generated returns on investments over the last 12 months (6.10%).
Zepp Health Corporation (ZEPP) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Zepp Health Corporation (ZEPP) is a “Overweight”. 3 analysts offering their recommendations for the stock have an average rating of 2.20, where 1 rate it as a Hold and 0 think it is a “Overweight”. 2 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Zepp Health Corporation is expected to release its quarterly report on 08/23/2021 and quarterly earnings per share for the current quarter are estimated at $0.08 with sales reaching $165.1M over the same period.The EPS is expected to shrink by -60.70% this year, but quarterly earnings will post 16.00% year-over-year. Quarterly sales are estimated to grow 6.20% in year-over-year returns.