(ZENA) ZenaTech - Ratings and Ratios

ZenaTech Inc., a Canadian enterprise software technology company, is a multifaceted player in the tech industry, providing a diverse range of cloud-based software applications. The companys software solutions cater to various sectors, including the medical records industry, facility management, safety and compliance management, field management, and public safety. Notably, ZenaTech has expanded its operations to include the manufacturing, sale, and distribution of drones, diversifying its revenue streams. With its headquarters in Toronto, Canada, the company was initially known as ZenaDrone, Inc. before rebranding to ZenaTech, Inc. in October 2020, following its incorporation in 2017.

Analyzing the companys , we observe that the stock is currently priced at $2.37, with its 20-day Simple Moving Average (SMA) at $2.21 and 50-day SMA at $2.52, indicating a potential resistance level. The 200-day SMA stands at $3.97, suggesting a significant drop from its long-term average. The Average True Range (ATR) is 0.24, representing a 10.24% volatility. The stock has experienced a substantial decline from its 52-week high of $10.30 to its current price, with a 52-week low of $1.45.

From a fundamental perspective, ZenaTechs reveals a market capitalization of $55.85M USD. The absence of a Price-to-Earnings (P/E) ratio and Forward P/E ratio indicates that the company is not profitable. The Return on Equity (RoE) stands at -50.98%, highlighting significant losses. This data suggests that the company is in a growth phase, investing heavily in its operations, but has yet to achieve profitability.

Combining the insights from and , a forecast for ZenaTech Inc. can be derived. The current price of $2.37, coupled with the SMA indicators, suggests a potential short-term upward momentum if the stock can breach the $2.52 resistance level. However, the long-term SMA and the significant decline from the 52-week high indicate underlying weakness. Given the companys negative RoE and lack of profitability, investor sentiment may remain cautious. A potential trading strategy could involve monitoring the stocks ability to break through the $2.52 resistance level, with a stop-loss below the $2.21 SMA to mitigate potential losses. A successful breakout could target the $3.97 level, corresponding to the 200-day SMA.