Zix Corp Pushes to Fresh Highs

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.

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About Ron Haruni 1067 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

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