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In a turbulent market environment, ZAPP stock has plummeted to its 52-week low, trading at just $0.66, with InvestingPro data showing the stock down nearly 13% in the past week alone. According to InvestingPro’s Fair Value analysis, the stock appears undervalued at current levels. This significant downturn reflects a broader trend for the company, with CIIG Capital Partners (WA:CPAP) II, ZAPP’s parent company, experiencing a staggering 1-year change of -86.61%. Investors are showing concern as the stock struggles to find its footing amidst a challenging economic landscape. Despite the current challenges, analyst price targets range from $3 to $35, and revenue is forecast to grow by over 658% in the current fiscal year. InvestingPro subscribers have access to 15+ additional exclusive insights about ZAPP’s financial health and future prospects.
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