Zoom Video Communications Inc [ZM] stock prices are down -1.69% to $69.71 at the moment. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The ZM shares have gain 10.44% over the last week, with a monthly amount glided 7.49%, and seem to be holding up well over a long-time horizon.
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On 26, February 2024, Zoom Video Communications Reports Fourth Quarter and Fiscal Year 2024 Financial Results. In a post published today on Yahoo Finance, Fourth quarter total revenue of $1,146.5 million, up 2.6% year over year as reported and 2.7% in constant currency; full fiscal year total revenue of $4,527.2 million, up 3.1% year over year as reported and 3.8% in constant currency.
From an analyst’s perspective:
Zoom Video Communications Inc [NASDAQ: ZM] stock has seen the most recent analyst activity on January 18, 2024, when Exane BNP Paribas downgraded its rating to a Underperform but kept the price target unchanged to $60 for it. Previously, Wells Fargo downgraded its rating to Underweight on December 20, 2023, and kept the price target unchanged to $70. On November 17, 2023, upgrade upgraded it’s rating to Neutral but maintained its price target of $66 on the stock. HSBC Securities started tracking the stock assigning a Buy rating and suggested a price target of $83 on September 15, 2023. MoffettNathanson upgraded its rating to a Market Perform but $85 remained the price target by the analyst firm on May 23, 2023. Rosenblatt started tracking with a Neutral rating for this stock on March 24, 2023, and assigned it a price target of $75. In a note dated January 23, 2023, MKM Partners downgraded an Neutral rating on this stock and revised its target price from $100 to $75.
The stock price of Zoom Video Communications Inc [ZM] has been fluctuating between $58.87 and $75.90 over the past year. Currently, Wall Street analysts expect the stock to reach $127.59 within the next 12 months. Zoom Video Communications Inc [NASDAQ: ZM] shares were valued at $69.71 at the most recent close of the market. An investor can expect a potential return of 83.03% based on the average ZM price forecast.
Analyzing the ZM fundamentals
The Zoom Video Communications Inc [NASDAQ:ZM] reported sales of 4.53B for trailing twelve months, representing a surge of 2.56%. Gross Profit Margin for this corporation currently stands at 0.76% with Operating Profit Margin at 0.12%, Pretax Profit Margin comes in at 0.18%, and Net Profit Margin reading is 0.14%. To continue investigating profitability, this company’s Return on Assets is posted at 0.06, Equity is 0.09 and Total Capital is 0.06. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.01.
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 69.16 points at the first support level, and at 68.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 70.59, and for the 2nd resistance point, it is at 71.47.
Zoom Video Communications Inc [ZM] reported earnings per share of $1.42 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.15/share, meaning a difference of $0.27 and a surprise factor of 23.50%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $1.29 per share as compared to estimates of $1.09 per share, a difference of $0.2 representing a surprise of 18.30%.
Ratios To Look Out For
It’s worth pointing out that Zoom Video Communications Inc [NASDAQ:ZM]’s Current Ratio is 4.38. Also, the Quick Ratio is 4.15, while the Cash Ratio stands at 0.88. Considering the valuation of this stock, the price to sales ratio is 4.69, the price to book ratio is 2.86 and price to earnings (TTM) ratio is 33.99.
Transactions by insiders
Recent insider trading involved Subotovsky Santiago, Director, that happened on Feb 09 when 2067.0 shares were sold. Chief Executive Officer, Yuan Eric S. completed a deal on Feb 06 to sell 2421.0 shares. Meanwhile, Chief Executive Officer Yuan Eric S. sold 2421.0 shares on Feb 05.
