The Week Ahead: Are Investors Really Too Optimistic About ZipRecruiter Inc (NYSE: ZIP)

ZipRecruiter Inc (NYSE:ZIP) currently has a daily average trading volume of 526.86K but it saw 556359 shares traded in last market. With a market cap of 925.85M USD, the company’s current market price of $9.32 came falling about -3.32 while comparing to the previous closing price of $9.64. In past 52 weeks, the stock remained buoying in the range of price level as high as $15.52 and as low as $7.21. In the recent trading on the day, stock has struck highest price mark of $9.32 while lowest mark touched by it was $9.68.

Taking a look at 20-day trading activity of ZipRecruiter Inc (ZIP) gives us an average price of $8.88, while its current price level is -39.93% below from 52-week high level whereas it is 29.26% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $8.78 while that of 200 days or SMA-200 reads an average of $11.30. A closer look into the stock’s movement over the week reveals that its volatility is standing at 3.45% during that period while stretching the period over a month that increases to 5.20%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 55.24 which implies that the stock is in neutral territory.

Goldman downgraded its recommendation for the stock as a “Neutral” from “Buy” on January 19, 2024 while assigning a price target of $15. Wells Fargo issued its recommendations for the stock as it initiated the price target for the stock is $15.

Over the week, ZIP’s stock price is moving 0.65% up while it is 21.04% when we observe its performance for the past one month. Year-to-date it is -32.95% down and over the past year, the stock is showing a downside performance of -38.28%.

Currently, ZipRecruiter Inc’s total number of outstanding shares is 76.17M. Company’s return on investment (ROI) stands at 5.26% and return on equity (ROE) at 855.40%. It has a price to earnings ratio (P/E ratio) of 32.49. Stock’s beta reads 1.18. Stock has a price to book (P/B) ratio of 37.84 while price to sale or P/S ratio amounts to 1.72. Its return on asset (ROA) is 4.65% on average.