Ermenegildo Zegna N.V (NYSE: ZGN) is -4.00% 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 $7.92 in the last trading session, with the day’s gains setting it 0.01%.
Currently trading at $7.93, the stock is -5.34% and -1.00% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.47 million and changing 0.13% at the moment leaves the stock -22.96% off its SMA200. ZGN registered -27.58% loss for a year compared to 6-month loss of -26.71%. The firm has a 50-day simple moving average (SMA 50) of $8.0124 and a 200-day simple moving average (SMA200) of $10.32695.
The stock witnessed a -4.11% gain in the last 1 month and extending the period to 3 months gives it a -10.60%, and is -4.00% 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 3.34% over the week and 3.52% over the month.
Ermenegildo Zegna N.V (ZGN) has around 7201 employees, a market worth around $3.23B and $2.12B in sales. Current P/E ratio is 18.61 and Fwd P/E is 19.07. Profit margin for the company is 5.13%. Distance from 52-week low is 11.22% and -48.03% 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 -27.30% this year
The shares outstanding are 252.42M, and float is at 60.54M with Short Float at 3.03%.
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.
