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Zapp Electric Vehicles Group Ltd (ZAPP) Stock Could Soon Reward Patient Investors

Zapp Electric Vehicles Group Ltd (NASDAQ: ZAPP) is -22.44% lower on its value in year-to-date trading and has touched a low of $0.70 and a high of $139.60 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 ZAPP stock was last observed hovering at around $1.20 in the last trading session, with the day’s loss setting it -0.21%.

Currently trading at $0.99, the stock is -15.18% and -29.16% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.35 million and changing -17.92% at the moment leaves the stock -78.57% off its SMA200. ZAPP registered -99.11% loss for a year compared to 6-month loss of -90.05%. The firm has a 50-day simple moving average (SMA 50) of $1.40662 and a 200-day simple moving average (SMA200) of $3.318375.

The stock witnessed a -22.44% gain in the last 1 month and extending the period to 3 months gives it a -59.13%, and is -8.80% 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 30.52% over the week and 13.02% over the month.

Fwd P/E is 2.05. Distance from 52-week low is 40.71% and -99.29% from its 52-week high.

The EPS is expected to grow by 44.73% this year.

Zapp Electric Vehicles Group Ltd (ZAPP) Top Institutional Holders

The shares outstanding are 4.21M, and float is at 2.67M with Short Float at 1.05%.

Zapp Electric Vehicles Group Ltd (ZAPP) Insider Activity

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