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Wednesday, September 30, 2020

Zovio Inc (NASDAQ:ZVO) is Holding Steady

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The Zovio Inc (ZVO) shares are trading at higher $4.35 and the avg recommendation for the stock is Strong Buy.

To add more color to this target, the company’s high over the last year is $4.19 and the low is $1.08. Over the last 52 weeks, ZVO is up 3.82% while the S&P 500 is down -0.33%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, ZVO reported a profit of $51.49 million. Zovio Inc also saw revenues increase to $97.87 million. In addition, ZVO has free cash flow of -$7.42 million as of 03-2020. The company’s EBITDA came in at -$7.52 million which compares well with its peers.

ZVO booked profit margins of -11.40%, its Return on Equity (ROE) is -41.50%, and its Return on Assets is -17.10%. All told, it is clear that, ZVO needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. ZVO has a short ratio of 0.45 and outstanding shares of 30.34M.

Company Outlook

ZVO has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 0.58 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -1.53. Zovio Inc ZVO also noted assets of $261.87 million at the end of the last quarter. Investors should also keep an eye on sector updates as ZVO has historically followed its peers on positive news.

All told, Zovio Inc ZVO has strung together solid data and demonstrated underlying fundamentals. At its current valuation, ZVO represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Zovio Inc ZVO is now commanding a market cap of 136.07M and a float of 29.67M. ZVO is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of ZVO stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in ZVO, either long or short, and we have not been compensated for this article.

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