Ermenegildo Zegna N.V (NYSE: ZGN) is -25.65% lower on its value in year-to-date trading and has touched a low of $6.05 and a high of $11.96 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 $8.84 in the last trading session, with the day’s loss setting it -7.82%.
Currently trading at $1.02M, the stock is 1.28% and 6.60% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.83 million and changing 3834997% at the moment leaves the stock 6.77% off its SMA200. ZGN registered 6.66% gain for a year compared to 6-month gain of 6.40%. The firm has a 50-day simple moving average (SMA 50) of $8.2644 and a 200-day simple moving average (SMA200) of $8.25115.
The stock witnessed a 4.76% loss in the last 1 month and extending the period to 3 months gives it a 22.70%, and is -2.54% 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 1.50% over the week and 1.43% over the month.
Ermenegildo Zegna N.V (ZGN) has around 7395 employees, a market worth around $3.59B and $2.11B in sales. Current P/E ratio is 26.86 and Fwd P/E is 17.76. Profit margin for the company is 3.96%. Distance from 52-week low is 45.62% and -26.34% from its 52-week high. The company has generated returns on investments over the last 12 months (4.94%).
The EPS is expected to grow by 19.35% this year, but quarterly earnings will post -0.26% year-over-year.
115.0 institutions hold shares in Ermenegildo Zegna N.V (ZGN), with institutional investors hold 63.52% of the company’s shares. The shares outstanding are 252.58M, and float is at 55.08M with Short Float at 8.40%. Institutions hold 15.35% of the Float.
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 5.1838 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 3.4148 of the shares outstanding. The other top investors are CAPITAL WORLD INVESTORS which holds 6.41 million shares representing 2.5558 and valued at over $75.91 million, while INVESCO LTD. holds 1.5917 of the shares totaling 3.99 million with a market value of $47.27 million.
