Is Zapp a good buy

**Zapp Electric Vehicles Group Limited (ZAPP) does not appear to be a good buy at this time**, and here's why: 1. **Financial Performance**: The company reported a net profit margin of 0% for the quarter ending June 30, 2024, which is not a favorable sign. Additionally, the company's total revenue and net income have shown a downward trend. 2. **Technical Indicators**: The stock's P/E ratio is -0.06, which is negative and suggests that the company is not profitable as currently reported. The stock also does not have a reported diluted EPS, which could be a red flag for investors. 3. **Market Sentiment**: There has been a decline in short interest, which could indicate a potential reversal in the bearish sentiment towards the stock. However, the stock does not have a consensus rating or an average price target, which makes it difficult to gauge market sentiment. 4. **Strategic Developments**: Zapp has completed homologation in Thailand for the sale of its i300 electric urban motorcycle, which could be a positive sign for the company's growth prospects. Additionally, the company has been featured in sponsored programming on Fox Business, which could increase its visibility and potentially drive growth. In conclusion, while there are some positive strategic developments underway, the current financial and market indicators suggest that Zapp Electric Vehicles Group Limited is not a good buy at this time. Investors should exercise caution and consider the high risk associated with the stock.