Zapp Electric Vehicles Group Ltd (NASDAQ: ZAPP) stock fell -30.75% on Monday to $0.28 against a previous-day closing price of $0.40. With 1.13 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.81 million shares. During the session, the Auto Manufacturers company that operates in wider Consumer Cyclical sector, reached to the highest price of $0.3792 whereas the lowest price it dropped to was $0.2610. The 52-week range on ZAPP shows that it touched its highest point at $10.91 and its lowest point at $0.19 during that stretch. Beta for the stock currently stands at 1.19.
Top 5 EV Tech Stocks to Buy for 2023
The electric vehicle boom is accelerating – and fast. According a new report published by BloombergNEF, annual spending on passenger EVs hit $388 billion in 2022, up 53% from the year before. Like we said, the boom is accelerating – and the time to buy EV-related tech stocks is now. Get our free report, "Top 5 EV Tech Stocks to Buy for 2023".
Click Here to Download the FREE Report.
Sponsored
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 ZAPP was up-trending over the past week, with a rise of 27.94%, but this was down by -16.06% over a month. Three-month performance dropped to -81.78% while six-month performance fell -89.87%. The stock lost -97.23% in the past year, while it has lost -97.28% so far this year.
Float and Shares Shorts:
At present, 28.75 million ZAPP shares are outstanding with a float of 20.29 million shares on hand for trading. On Sep 28, 2023, short shares totaled 24290.0, which was 0.04% higher than short shares on Aug 30, 2023. In addition to Mr. Swin Chatsuwan as the firm’s Founder, CEO & Director, Mr. Jeremy North serves as its Co-Founder, Pres & Director.
Institutional Ownership:
Through their ownership of 54.59% of ZAPP’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 0.17% of ZAPP, in contrast to 0.05% held by mutual funds. As the largest shareholder in ZAPP with 0.09% of the stake, Lumyna Investments Ltd. holds 51,647 shares worth 51,647. A second-largest stockholder of ZAPP, Geode Capital Management LLC, holds 22,298 shares, controlling over 0.04% of the firm’s shares. Citadel Securities LLC is the third largest shareholder in ZAPP, holding 18,367 shares or 0.03% stake.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ZAPP 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.
