The time has not yet come to remove your chips from the table: ZeroFox Holdings Inc. (ZFOX)

ZeroFox Holdings Inc. (NASDAQ: ZFOX) stock jumped 6.82% on Wednesday to $0.94 against a previous-day closing price of $0.88. With 0.34 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.14 million shares. During the session, the Software – Infrastructure company that operates in wider Technology sector, reached to the highest price of $0.9498 whereas the lowest price it dropped to was $0.8500. The 52-week range on ZFOX shows that it touched its highest point at $15.73 and its lowest point at $0.75 during that stretch. It currently has a 1-year price target of $3.50.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ZFOX was up-trending over the past week, with a rise of 15.37%, but this was down by -21.67% over a month. Three-month performance dropped to -63.71% while six-month performance fell -77.88%. The stock lost -90.67% in the past year, while it has lost -81.12% so far this year. A look at the trailing 12-month EPS for ZFOX yields -6.35 with Next year EPS estimates of -0.34. For the next quarter, that number is -0.07. This implies an EPS growth rate of -800.00% for this year and -21.40% for next year.

Float and Shares Shorts:

At present, 116.89 million ZFOX shares are outstanding with a float of 94.65 million shares on hand for trading. On Apr 27, 2023, short shares totaled 1.63 million, which was 1.37% higher than short shares on Mar 30, 2023. In addition to Mr. James C. Foster as the firm’s Chairman & CEO, Mr. Timothy S. Bender serves as its Chief Financial Officer.

Institutional Ownership:

Through their ownership of 56.24% of ZFOX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 7.63% of ZFOX, in contrast to 10.96% held by mutual funds. Shares owned by individuals account for 0.96%. As the largest shareholder in ZFOX with 4.42% of the stake, Intel Corp. holds 5,239,291 shares worth 5,239,291. A second-largest stockholder of ZFOX, HighTower Advisors LLC, holds 1,613,704 shares, controlling over 1.36% of the firm’s shares. Corbin Capital Partners LP is the third largest shareholder in ZFOX, holding 701,212 shares or 0.59% stake. With a 0.37% stake in ZFOX, the ISE Cyber Security ETF is the largest stakeholder. A total of 436,203 shares are owned by the mutual fund manager. The Vanguard Extended Market Index Fu, which owns about 0.35% of ZFOX stock, is the second-largest Mutual Fund holder. It holds 413,025 shares valued at 0.4 million. Fidelity Extended Market Index Fu holds 0.13% of the stake in ZFOX, owning 150,200 shares worth 0.14 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jan 30, 2023, ZFOX reported revenue of $13.59M and operating income of -$8.10M. Over the past year, revenue came in at $50.04M while operating income stood at -$32.62M. It generated -$10.20M net income for the quarter, which came to -$44.40M over the last twelve months. The EBITDA in the recently reported quarter was -$7.00M and diluted EPS was -$0.09. EBITDA for the full year was -$28.32M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ZFOX since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ZFOX analysts setting a high price target of $5.00 and a low target of $2.50, the average target price over the next 12 months is $3.50. Based on these targets, ZFOX could surge 431.91% to reach the target high and rise by 165.96% to reach the target low. Reaching the average price target will result in a growth of 272.34% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy.

Summary of Insider Activity:

Insiders traded ZFOX stock several times over the past three months with 14 Buys and 0 Sells. In these transactions, 4,133,204 shares were bought while 0 shares were sold. The number of buy transactions has increased to 33 while that of sell transactions has risen to 4 over the past year. The total number of shares bought during that period was 29,299,803 while 99,664 shares were sold.

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