Ermenegildo Zegna N.V (NYSE: ZGN) is -21.21% lower on its value in year-to-date trading and has touched a low of $6.05 and a high of $11.52 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 $9.1 in the last trading session, with the day’s loss setting it -0.15%.
Currently trading at $8.95, the stock is 1.37% and 4.54% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.87 million and changing -1.65% at the moment leaves the stock 8.96% off its SMA200. ZGN registered 8.35% gain for a year compared to 6-month gain of 12.44%. The firm has a 50-day simple moving average (SMA 50) of $8.5612 and a 200-day simple moving average (SMA200) of $8.21385.
The stock witnessed a 5.05% loss in the last 1 month and extending the period to 3 months gives it a 38.12%, and is 2.29% 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 3.02% over the week and 3.43% over the month.
Ermenegildo Zegna N.V (ZGN) has around 7395 employees, a market worth around $3.65B and $2.11B in sales. Current P/E ratio is 27.29 and Fwd P/E is 17.86. Profit margin for the company is 3.96%. Distance from 52-week low is 47.93% and -22.31% 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 18.98% this year
115.0 institutions hold shares in Ermenegildo Zegna N.V (ZGN), with institutional investors hold 62.93% of the company’s shares. The shares outstanding are 252.58M, and float is at 55.08M with Short Float at 7.28%. Institutions hold 15.21% 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.
