Ermenegildo Zegna N.V (NYSE: ZGN) is -33.71% lower on its value in year-to-date trading and has touched a low of $7.13 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 $7.39 in the last trading session, with the day’s gains setting it 0.28%.
Currently trading at $7.67, the stock is 1.13% and -7.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.92 million and changing 3.79% at the moment leaves the stock -31.43% off its SMA200. ZGN registered -32.18% loss for a year compared to 6-month loss of -39.13%. The firm has a 50-day simple moving average (SMA 50) of $8.35 and a 200-day simple moving average (SMA200) of $11.21165.
The stock witnessed a -4.60% gain in the last 1 month and extending the period to 3 months gives it a -26.39%, and is 2.95% 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 4.72% over the week and 4.27% over the month.
Ermenegildo Zegna N.V (ZGN) has around 7201 employees, a market worth around $3.12B and $2.12B in sales. Current P/E ratio is 18.00 and Fwd P/E is 17.27. Profit margin for the company is 5.13%. Distance from 52-week low is 7.57% and -49.74% 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 -23.03% this year, but quarterly earnings will post 0.31% year-over-year.
The shares outstanding are 250.31M, and float is at 60.54M with Short Float at 3.44%.
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.
