Do Analysts Think ZenaTech Inc (ZENA) Is Still Worth Buying In 2024?

ZenaTech Inc (NASDAQ:ZENA) does about 3.26M shares in volume on a normal day but saw 113060048 shares change hands in the recent trading day. The company now has a market cap of 111.12M USD. Its current market price is $6.42, marking an increase of 258.66% compared to the previous close of $1.79. The 52 week high reached by this stock is $11.00 whilst the lowest price level in 52 weeks is $1.41.

ZenaTech Inc (ZENA) has a 20-day trading average at $2.0900 and the current price is -41.64% off the 52-week high compared with 355.32% distance from its 52-week low. If we look at the stock’s price movements over the week, volatility stands at 69.35%, which decreases to 25.59% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 74.53 to suggest the stock is overbought.

The current price level is 206.81%, 154.64%, and 154.64% away from its SMA20, SMA50, and SMA200 respectively, with the ZENA price moving below the 50-day SMA on current market day. ZenaTech Inc (ZENA) stock is up 342.76% over the week and 190.50% over the past month. Its price is -27.05% year-to-date.

The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.

Outstanding shares total 17.31M with insiders holding 88.87% of the shares and institutional holders owning 0.96% of the company’s common stock. The company has a return on investment of 1.50% and return on equity of -8.70%. Price to book ratio is 13.38 and price to sales ratio is 74.08.