Zhengye Biotechnology Holding Ltd (NASDAQ:ZYBT) does about 132.98K shares in volume on a normal day but saw 2294319 shares change hands in the recent trading day. The company now has a market cap of 388.60M USD. Its current market price is $8.20, marking an increase of 41.38% compared to the previous close of $5.80. The 52 week high reached by this stock is $6.10 whilst the lowest price level in 52 weeks is $3.70.
Zhengye Biotechnology Holding Ltd (ZYBT) has a 20-day trading average at $4.68 and the current price is 34.43% off the 52-week high compared with 121.62% distance from its 52-week low. The 50-day simple moving average of the closing price is $4.56. If we look at the stock’s price movements over the week, volatility stands at 29.27%, which decreases to 11.42% 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 82.32 to suggest the stock is overbought.
The current price level is 75.34%, 79.97%, and 79.74% away from its SMA20, SMA50, and SMA200 respectively, with the ZYBT price moving below the 50-day SMA on current market day. Zhengye Biotechnology Holding Ltd (ZYBT) stock is up 76.34% over the week and 85.10% over the past month. Its price is 68.72% year-to-date.
The company’s next earnings report forecasts estimating quarterly EPS at 0 and 0 for whole year.
Outstanding shares total 47.17M with insiders holding 91.64% of the shares and institutional holders owning 0.01% of the company’s common stock. The company has a return on investment of 7.24% and return on equity of 7.51%. The price to earnings ratio (P/E ratio) amounts to 137.82. Price to book ratio is 9.98 and price to sales ratio is 14.80.
