Should Investors Trust The Upside Potential In ZenaTech Inc (ZENA)?

ZenaTech Inc (NASDAQ:ZENA) currently has a daily average trading volume of 3.21M but it saw 7767442 shares traded in last market. With a market cap of 28.56M USD, the company’s current market price of $1.65 came rising about 8.55 while comparing to the previous closing price of $1.52. In past 52 weeks, the stock remained buoying in the range of price level as high as $11.00 and as low as $1.41. In the recent trading on the day, stock has struck highest price mark of $1.45 while lowest mark touched by it was $1.85.

Taking a look at 20-day trading activity of ZenaTech Inc (ZENA) gives us an average price of $1.8980, while its current price level is -85.00% below from 52-week high level whereas it is 17.02% above from lowest level seen by the stock during that period. A closer look into the stock’s movement over the week reveals that its volatility is standing at 14.70% during that period while stretching the period over a month that decreases to 13.60%. 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 23.80 which implies that the stock is in oversold territory.

Over the week, ZENA’s stock price is moving -4.07% down while it is -6.25% when we observe its performance for the past one month. Year-to-date it is -81.25% down and over the past year.

The company is expected to be releasing its next quarterly report in December, for which analysts forecasted an EPS of 0 while estimate for next year EPS is 0.

Currently, ZenaTech Inc’s total number of outstanding shares is 17.31M with 88.87% of that held by the insiders while 0.96% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 1.50% and return on equity (ROE) at -8.60%. Stock has a price to book (P/B) ratio of 3.44 while price to sale or P/S ratio amounts to 19.04. Its return on asset (ROA) is -4.10% on average.