Ermenegildo Zegna N.V. (NYSE: ZGN) is -26.27% lower on its value in year-to-date trading and has touched a low of $7.89 and a high of $15.26 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 ZGN stock was last observed hovering at around $8.45 in the last trading session, with the day’s gains setting it 0.08%.
Currently trading at $8.53, the stock is -11.48% and -16.84% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.06 million and changing 0.95% at the moment leaves the stock -28.18% off its SMA200. ZGN registered -39.03% loss for a year compared to 6-month loss of -40.68%. The firm has a 50-day simple moving average (SMA 50) of $10.2092 and a 200-day simple moving average (SMA200) of $11.8613.
The stock witnessed a -18.06% gain in the last 1 month and extending the period to 3 months gives it a -27.71%, and is -3.29% down 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 4.81% over the week and 3.70% over the month.
Ermenegildo Zegna N.V. (ZGN) has around 7201 employees, a market worth around $2.14B and $2.12B in sales. Current P/E ratio is 20.02 and Fwd P/E is 16.12. Profit margin for the company is 5.13%. Distance from 52-week low is 8.11% and -44.10% from its 52-week high. The company has generated returns on investments over the last 12 months (6.48%).
The EPS is expected to shrink by -16.82% this year
The shares outstanding are 250.31M, and float is at 58.43M with Short Float at 4.57%.
The top institutional shareholder in the company is PRICE T ROWE ASSOCIATES INC /MD/ with over 13.0 million shares valued at $153.96 million. The investor’s holdings represent 5.2642 of the ZGN Shares outstanding. As of 2024-06-30, the second largest holder is CAPITAL RESEARCH GLOBAL INVESTORS with 8.57 million shares valued at $101.42 million to account for 3.4678 of the shares outstanding. The other top investors are CAPITAL WORLD INVESTORS which holds 6.41 million shares representing 2.5955 and valued at over $75.91 million, while INVESCO LTD. holds 1.6164 of the shares totaling 3.99 million with a market value of $47.27 million.
