ZBRA Stock Summary and Trading Ideas (Zebra Technologies - Class A | NASDAQ:ZBRA)

Zebra Technologies is a leading provider of automatic identification and data capture technology to enterprises. Its solutions include barcode printers and scanners, mobile computers, and workflow optimization software. The firm primarily serves the retail, transportation logistics, manufacturing, and healthcare markets, designing custom solutions to improve efficiency at its customers.

Zebra Technologies - Class A trades on the NASDAQ stock market under the symbol ZBRA.

As of April 18, 2024, ZBRA stock price declined to $273.03 with 340,314 million shares trading.

ZBRA has a beta of 1.74, meaning it tends to be more sensitive to market movements. ZBRA has a correlation of 0.27 to the broad based SPY ETF.

ZBRA has a market cap of $14.04 billion. This is considered a Large Cap stock.

Last quarter Zebra Technologies - Class A reported $1 billion in Revenue and $1.71 earnings per share. This beat revenue expectation by $10 million and exceeded earnings estimates by $.05.

In the last 3 years, ZBRA stock traded as high as $615.00 and as low as $194.59.

The top ETF exchange traded funds that ZBRA belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.

ZBRA has underperformed the market in the last year with a price return of -9.2% while the SPY ETF gained +22.2%. However, in the short term, ZBRA had mixed performance relative to the market. It has outperformed in the last 3 months, returning +9.4% vs +5.2% return in SPY. But in the last 2 weeks, ZBRA shares have been beat by the market, returning -6.8% compared to an SPY return of -2.6%.

ZBRA support price is $270.15 and resistance is $282.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ZBRA stock will trade within this expected range on the day.