Zentek Ltd (NASDAQ: ZTEK) is 25.52% higher on its value in year-to-date trading and has touched a low of $0.50 and a high of $1.48 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ZTEK stock was last observed hovering at around $0.98 in the last trading session, with the day’s gains setting it 0.2%.
Currently trading at $1.18, the stock is 19.91% and 14.18% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.21 million and changing 20.40% at the moment leaves the stock 20.75% off its SMA200. ZTEK registered -1.67% loss for a year compared to 6-month gain of 13.45%. The firm has a 50-day simple moving average (SMA 50) of $1.0336 and a 200-day simple moving average (SMA200) of $0.97745.
The stock witnessed a 9.25% loss in the last 1 month and extending the period to 3 months gives it a 91.08%, and is 12.91% 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 12.40% over the week and 11.63% over the month.
Zentek Ltd (ZTEK) has around 25 employees, a market worth around $122.78M and $0.03M in sales. Profit margin for the company is -27306.36%. Distance from 52-week low is 136.03% and -20.28% from its 52-week high. The company has generated returns on investments over the last 12 months (-56.64%).
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Zentek Ltd (ZTEK) Top Institutional Holders
16.0 institutions hold shares in Zentek Ltd (ZTEK), with institutional investors hold 1.55% of the company’s shares. The shares outstanding are 104.06M, and float is at 98.10M with Short Float at 0.52%. Institutions hold 1.45% of the Float.
The top institutional shareholder in the company is SCOTIA CAPITAL INC. with over 0.43 million shares valued at $0.44 million. The investor’s holdings represent 0.4273% of the ZTEK Shares outstanding. As of 2024-06-30, the second largest holder is FEDERATION DES CAISSES DESJARDINS DU QUEBEC with 0.15 million shares valued at $0.15 million to account for 0.1491 of the shares outstanding. The other top investors are CIBC WORLD MARKET INC. which holds 0.13 million shares representing 0.1304% and valued at over $0.13 million, while ROYAL BANK OF CANADA holds 0.1071 of the shares totaling 0.11 million with a market value of $0.12 million.
Zentek Ltd (ZTEK) Insider Activity
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