It’s still a bull thesis, just subverted: Zebra Technologies Corp. (ZBRA)

Zebra Technologies Corp. [ZBRA] stock is trading at $348.12, up 3.89%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The ZBRA shares have gain 5.11% over the last week, with a monthly amount glided 12.69%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Zebra Technologies Corp. [NASDAQ: ZBRA] stock has seen the most recent analyst activity on July 23, 2024, when Vertical Research initiated its Buy rating and assigned the stock a price target of $375. Previously, Exane BNP Paribas upgraded its rating to Neutral on June 13, 2024, and kept the price target unchanged to $305. On April 08, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $337 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $292 on April 02, 2024. Truist initiated its recommendation with a Hold and recommended $300 as its price target on March 14, 2024. Exane BNP Paribas started tracking with a Underperform rating for this stock on October 05, 2023, and assigned it a price target of $183. In a note dated October 03, 2023, KeyBanc Capital Markets initiated an Sector Weight rating.

Zebra Technologies Corp. [ZBRA] stock has fluctuated between $194.59 and $337.08 over the past year. Currently, Wall Street analysts expect the stock to reach $344 within the next 12 months. Zebra Technologies Corp. [NASDAQ: ZBRA] shares were valued at $348.12 at the most recent close of the market. An investor can expect a potential drop of -1.18% based on the average ZBRA price forecast.

Analyzing the ZBRA fundamentals

Zebra Technologies Corp. [NASDAQ:ZBRA] reported sales of 4.37B for the trailing twelve months, which represents a drop of -16.62%. Gross Profit Margin for this corporation currently stands at 0.45% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.07 and Total Capital is 0.07. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.7.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 338.92 points at the first support level, and at 329.71 for the second support level. However, for the 1st resistance point, the stock is sitting at 365.13, and for the 2nd resistance point, it is at 382.13.

Ratios To Look Out For

For context, Zebra Technologies Corp.’s Current Ratio is 0.99. Further, the Quick Ratio stands at 0.56, while the Cash Ratio is 0.27. Considering the valuation of this stock, the price to sales ratio is 4.10, the price to book ratio is 5.65 and price to earnings (TTM) ratio is 69.04.

Transactions by insiders

Recent insider trading involved Cho Michael, Chief Strategy Officer, that happened on May 14 ’24 when 1657.0 shares were sold. Chief Accounting Officer, O’Sullivan Colleen M completed a deal on Feb 23 ’24 to sell 135.0 shares. Meanwhile, Chief Strategy Officer Cho Michael sold 1457.0 shares on Feb 21 ’24.

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