Zuora Inc [ZUO] stock prices are up 1.43% to $8.52 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ZUO shares have gain 4.80% over the last week, with a monthly amount drifted -7.19%, and not seem to be holding up well over a long-time horizon.
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On 12, February 2024, Zuora Announces Date for Its Fourth Quarter Fiscal 2024 Earnings Conference Call. In a post published today on Yahoo Finance, Zuora (NYSE: ZUO), a leading monetization suite for modern businesses, today announced that it will report financial results for its fourth quarter fiscal 2024 ended on January 31, 2024 following the close of market on February 28, 2024. On that day, Zuora’s management team will hold a conference call and webcast at 2:00 p.m. PT / 5:00 p.m. ET to discuss Zuora’s financial results and business highlights.
From an analyst’s perspective:
Zuora Inc [NYSE: ZUO] stock has seen the most recent analyst activity on January 23, 2024, when Goldman upgraded its rating to a Buy and also boosted its price target to $12 from $10. Previously, Robert W. Baird started tracking the stock with Neutral rating on July 13, 2023, and set its price target to $12. On January 31, 2023, Lake Street initiated with a Buy rating and assigned a price target of $11 on the stock. Goldman started tracking the stock assigning a Neutral rating and suggested a price target of $9 on October 21, 2022. Needham upgraded its rating to a Buy but $24 remained the price target by the analyst firm on October 11, 2021. Morgan Stanley upgraded its rating to Equal-Weight for this stock on October 01, 2021, and upped its price target to $18. In a note dated September 30, 2021, Craig Hallum initiated an Buy rating and provided a target price of $24 on this stock.
The stock price of Zuora Inc [ZUO] has been fluctuating between $7.05 and $12.12 over the past year. Currently, Wall Street analysts expect the stock to reach $13.25 within the next 12 months. Zuora Inc [NYSE: ZUO] shares were valued at $8.52 at the most recent close of the market. An investor can expect a potential return of 55.52% based on the average ZUO price forecast.
Analyzing the ZUO fundamentals
The Zuora Inc [NYSE:ZUO] reported sales of 424.03M for trailing twelve months, representing a surge of 8.68%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 8.42 points at the first support level, and at 8.33 for the second support level. However, for the 1st resistance point, the stock is sitting at 8.58, and for the 2nd resistance point, it is at 8.65.
Zuora Inc [ZUO] reported earnings per share of $0.09 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.05/share, meaning a difference of $0.04 and a surprise factor of 80.00%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $0.07 per share as compared to estimates of $0.03 per share, a difference of $0.04 representing a surprise of 133.30%.
Ratios To Look Out For
It’s worth pointing out that Zuora Inc [NYSE:ZUO]’s Current Ratio is 2.65. On the other hand, the Quick Ratio is 2.65, and the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 2.88, the price to book ratio is 9.71.
Transactions by insiders
Recent insider trading involved Tzuo Tien, Chairman and CEO, that happened on Jan 23 when 0.23 million shares were sold. Chairman and CEO, Tzuo Tien completed a deal on Jan 22 to sell 6909.0 shares. Meanwhile, Director Shenkan Amy Guggenheim sold 4133.0 shares on Jan 16.
