ZBRA
Zebra Technologies Corporation Technology - Communication Equipment Investor Relations →
Zebra Technologies Corporation (ZBRA) closed at $251.40 as of 2026-02-02, trading 15.4% below its 200-week moving average of $297.27. This places ZBRA in the extreme value zone. The stock moved further from the line this week, up from -21.2% last week. The 14-week RSI sits at 43, indicating neutral momentum.
Over the past 1751 weeks of data, ZBRA has crossed below its 200-week moving average 23 times. On average, these episodes lasted 21 weeks. Historically, investors who bought ZBRA at the start of these episodes saw an average one-year return of +46.6%.
With a market cap of $12.8 billion, ZBRA is a large-cap stock. The company generates a free cash flow yield of 5.6%, which is healthy. Return on equity stands at 14.3%. The stock trades at 3.4x book value.
Over the past 33.2 years, a hypothetical investment of $100 in ZBRA would have grown to $4665, compared to $2849 for the S&P 500. That represents an annualized return of 12.3% vs 10.6% for the index — confirming ZBRA as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -1.9% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Growth of $100: ZBRA vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After ZBRA Crosses Below the Line?
Across 23 historical episodes, buying ZBRA when it crossed below its 200-week moving average produced an average return of +40.7% after 12 months (median +43.0%), compared to +18.0% for the S&P 500 over the same periods. 68% of those episodes were profitable after one year. After 24 months, the average return was +60.6% vs +34.7% for the index.
Each line shows $100 invested at the moment ZBRA crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
ZBRA has crossed below its 200-week MA 23 times with an average 1-year return of +46.6% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jul 1992 | Sep 1992 | 7 | 18.3% | +113.0% | +6458.3% |
| Sep 1992 | Oct 1992 | 5 | 13.4% | +141.4% | +6364.6% |
| Apr 1994 | May 1994 | 4 | 8.0% | +77.1% | +4209.7% |
| Jun 1996 | Sep 1996 | 11 | 19.5% | +48.7% | +2728.2% |
| Feb 1997 | Mar 1997 | 2 | 4.0% | +31.5% | +2442.2% |
| Mar 1997 | May 1997 | 5 | 7.9% | +63.2% | +2386.4% |
| Dec 1998 | Dec 1998 | 3 | 3.0% | +100.4% | +1915.7% |
| Feb 1999 | Apr 1999 | 9 | 18.7% | +126.5% | +1863.2% |
| Mar 2001 | Apr 2001 | 4 | 10.5% | +43.5% | +1314.1% |
| Sep 2001 | Oct 2001 | 3 | 10.6% | +38.3% | +1386.6% |
| Aug 2005 | Sep 2005 | 7 | 5.9% | -12.4% | +574.5% |
| Oct 2005 | Oct 2005 | 1 | 1.1% | -1.5% | +567.7% |
| Apr 2006 | Aug 2010 | 227 | 54.0% | +2.8% | +533.4% |
| Sep 2011 | Sep 2011 | 1 | 3.1% | +32.9% | +767.8% |
| Jan 2016 | Feb 2016 | 8 | 9.6% | +45.1% | +324.3% |
| Apr 2016 | Aug 2016 | 15 | 26.8% | +50.7% | +301.9% |
| Sep 2016 | Sep 2016 | 1 | 0.5% | +50.9% | +280.2% |
| Oct 2016 | Nov 2016 | 5 | 6.8% | +68.9% | +286.7% |
| Jun 2022 | Jul 2022 | 7 | 11.2% | -10.1% | -17.7% |
| Aug 2022 | Sep 2024 | 109 | 42.4% | -17.2% | -23.4% |
| Oct 2024 | Oct 2024 | 1 | 0.8% | -14.2% | -30.2% |
| Feb 2025 | Jul 2025 | 22 | 36.2% | N/A | -21.0% |
| Aug 2025 | Ongoing | 27+ | 22.0% | Ongoing | -20.9% |
| Average | 21 | — | +46.6% | — |
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of Friday close, 2026-02-02