The stock of ZTO Express (Cayman) Inc. (NYSE:ZTO) is now priced at $35.27 and the shares are 1.74 points up or 5.19% higher compared to its previous closing price of $33.53. The stock had 3.931 million contracts set over the past session. ZTO shares’ daily volume is compared to its average trading volume at 2.803 million shares. However, it has a float of 553 million and although its performance was 8.02% over the week, it’s one to watch. Analysts have given the ZTO stock a yearly average price target of $37.03 per share. It means the stock’s upside potential is 4.99% with the ZTO share price recently placing at $34.05 to $35.3064. However, some brokerage firms have priced the stock below the average, including one that has called $¥194.44.
The shorts are running away from the ZTO Express (Cayman) Inc. stock, with the latest data on short interest released on July 31, 2020, showing that short interest numbers in the ZTO shares have declined. Short interest in the stock represents just 2.23% of its float, but the volume has dropped by 0.
In the last trading session, ZTO Express (Cayman) Inc. (NYSE:ZTO) raised by $2.62 over the week and lost -$2.07 on its 20-day. The stock’s high in the recent session is lower when compared to its 52-week high of $38.99. The stock recorded its established 52-week high on 07/06/20.
Since 10/09/19, the stock has traded to a low of $19.84 at 79.71%, an encouraging piece of data likely to interest most investors out to exploit the stock’s recent surge. The stock has a beta allocation of 0.25. Being above 1 means that the stock’s volatility is higher than the market and traders are keenly watching it.
Looking at current readings, ZTO Express (Cayman) Inc.’s two-week RSI is 56.09. This suggests that the stock is neutral at the moment and that ZTO shares’ price movement remains stable. The stochastic readings are equally revealing at 55.83% meaning the ZTO share price is currently in neutral territory.
The technical chart shows that the ZTO stock will likely settle at between $35.7 and $36.13 per share. However, if the stock dips below $34.44, then its market would become much weaker. Any downside could see the stock price sliding to levels as low as $33.62.
Currently, the stock is trading in the green of MACD, with a reading of 1.05. Investors always pay attention to any move above or below the zero-line, mainly because the indicator points to the position of the stock’s short-term average relative to its long-term measure. A MACD -a reading above the zero line means that the short-term is above the long-term average. This scenario implies that there is an upward momentum. The opposite is true when the MACD falls below the zero-line.
Analysts at HSBC Securities raised their recommendation for ZTO from Reduce to Hold in May 22 review. JP Morgan analysts downgraded their recommendation of the stock from Overweight to Neutral while keeping its target price at $32 in a flash note released to investors on May 22. BofA/Merrill seeing the stock struggling downgraded it from Buy to Neutral on May 21.
The average rating for the ZTO equity is 1.9 and is currently gathering a bullish momentum. Of 19 analysts tracking ZTO Express (Cayman) Inc. polled by Reuters, 4 rated ZTO as a hold. The remaining 15 analysts were split evenly. However, the split wasn’t equal as a majority (15) rated it as a buy or strong buy. 0 analyst advised investors against buying the stock or to sell if they own any of the stock.
Elsewhere, the ZTO stock price is 29.25X ahead of its 12-month Consensus earnings per share estimates. The stocks P/S ratio currently stands at 34.7 above the group’s average of 34.6. ZTO Express (Cayman) Inc. has its P/E ratio at 4.9, which means that the stock is currently trading at a discount relative to the 7.2 industry average.
Zacks Consensus Estimate forecasts that the current-quarter revenues for ZTO Express (Cayman) Inc. (NYSE:ZTO) will decrease by about -99.9%, which will see them reach $916 million. The company’s full-year revenues are, however, expected to increase by about 15.19%, up from $3160 million to $3640 million. ZTO’s expected adjusted earnings should drop almost -8.33% to end up at $0.22 per share, while for the fiscal year, analysts project the company’s earnings to drop by about -2.08% to record $0.94/share.