Zix Corp. (ZIXI) is displaying some relative strength during the Friday afternoon trading session. The stock is currently breaking to fresh new highs as it probes its 3-week range high near $4.50 – $4.55 area.
ZIXI has gained a massive 97% year-to-date, and has been range-bound between $4.20 and $4.40 for the past several weeks. Zooming out to a 5-year chart, the $5.00 area appears to be the stock’s next overhead resistance.
The median Wall Street price target on the shares of ZIXI, which currently trade at a trailing 12 P/E of 74.59, a forward multiple of 35.00 and a PEG ratio of 1.92, is $5.00 with a high pps target of $5.25.
The day’s trading range for Zix Corp., whose 50-day MA currently stands at $4.04, has been between $4.37 and $4.53 per share.
At last check, ZIXI was up 20 cents, or 4.12%, to $4.55. Volume of 1 million shares has already surpassed the daily average volume of 761,000 shares.