(VIANEWS) – Zillow Group Stock Plunges as NASDAQ Shows Relentless Bearish Activity
Zillow Group (NASDAQ: Z) shares suffered an unexpectedly dramatic decline on Friday, dropping 13.94% to EUR47.46 as of 13:23 EST and marking the end of four-session losing streak for the company. Overall market sentiment shifted toward bearish, as its index fell 1.14% to EUR15,945.28.
Zillow Group’s last closing price of EUR55.15 represents a decrease of 9.78% compared to its 52-week high of EUR61.13.
About Zillow Group
Zillow Group is a pioneering real estate technology provider, operating a portfolio of mobile applications and websites across the US. Services provided by this company include premier agent and rentals marketplaces, new construction marketplaces, advertising/display advertising/and business technology solutions. Zillow Group also provides mortgage origination, sale and advertising to lenders and other mortgage professionals as well as title and escrow services. Zillow Group was established in 2004 and is headquartered in Seattle, Washington. Their brand portfolio comprises Zillow Premier Agent, Zillow Home Loans, Zillow Rentals, Trulia StreetEasy HotPads Out East as well as ShowingTime+ Spruce Follow Up Boss marketing software solutions for real estate agents.
Yearly Analysis
According to available data, Zillow Group’s stock is trading at EUR47.46 – significantly below its 52-week high of EUR61.13 but higher than its 52-week low of EUR33.80. Based on projected sales growth estimates for both this year and next, 11.8% growth can be anticipated from Zillow Group sales; additionally, EBITDA stands at 6.39 for this company.
Overall, Zillow Group appears to be performing moderately well financially with expected sales growth and positive EBITDA margins. However, past performance does not guarantee future results and investors should conduct further analysis before making investment decisions.
Technical Analysis
Zillow Group, the online real estate marketplace, has seen its stock value decrease as it fell below both its 50-day and 200-day moving averages. Nonetheless, the company’s current trading volume of 129,792,480 represents significant investor interest and indicates strong investor support.
However, in recent weeks the company’s volatility has been relatively low; with an average intraday variation of only 1.12% indicating stable stock price with low potential for significant short-term gains or losses.
Zillow Group’s stock may soon experience a correction or pullback with an oscillator reading of 80 or higher on its stochastic oscillator indicator, suggesting an imminent pullback may occur in its price.
Although Zillow Group may seem attractive to investors, its overbought status and low volatility suggest a cautious approach. Investors should closely follow its performance while diversifying their portfolios to lower risk.
Quarter Analysis
Zillow Group has experienced impressive sales growth this quarter with 19.5% and projected 18.5% for next quarter. Our Estimated Quarters Growth Estimation are as follows.
Current growth estimates for the company indicate negative 5.7% growth; while expected positive 10.3% expansion for next quarter.
Revenue Growth
Zillow Group’s quarterly revenue growth has experienced steady increases from year-on-year quarter totaling 1.94B over twelve trailing months; an 8% year-over-year gain.
Equity Analysis
Earnings Per Share for Zillow Group in the last twelve months has been EUR-0.68. Zillow Group has not generated profits for shareholders over the last year. Their negative return on equity of -3.51% suggests they have not used shareholder capital effectively to generate profits and may wish to approach Zillow Group with caution as an investment opportunity. Investment Outlook
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