Zscaler Inc [ZS] stock prices are down -1.97% to $178.92 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ZS shares have lost -0.27% over the last week, with a monthly amount glided 4.24%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Zscaler Inc [NASDAQ: ZS] stock has seen the most recent analyst activity on June 14, 2024, when JP Morgan upgraded its rating to a Overweight and also boosted its price target to $230 from $205. Previously, BMO Capital Markets reaffirmed its Outperform rating on June 14, 2024, and kept the price target unchanged to $208. On May 28, 2024, downgrade downgraded it’s rating to Equal Weight and revised its price target to $182 on the stock. Rosenblatt downgraded its rating to a Neutral but stick to its price target of $190 on May 28, 2024. KeyBanc Capital Markets upgraded its rating to a Overweight but $220 remained the price target by the analyst firm on April 18, 2024. Bernstein started tracking with a Outperform rating for this stock on January 18, 2024, and assigned it a price target of $311. In a note dated January 17, 2024, KeyBanc Capital Markets initiated an Sector Weight rating.
The stock price of Zscaler Inc [ZS] has been fluctuating between $131.59 and $259.61 over the past year. Currently, Wall Street analysts expect the stock to reach $238.41 within the next 12 months. Zscaler Inc [NASDAQ: ZS] shares were valued at $178.92 at the most recent close of the market. An investor can expect a potential return of 33.25% based on the average ZS price forecast.
Analyzing the ZS fundamentals
The Zscaler Inc [NASDAQ:ZS] reported sales of 2.03B for trailing twelve months, representing a surge of 32.09%. Gross Profit Margin for this corporation currently stands at 0.78% with Operating Profit Margin at -0.07%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.02, Equity is -0.08 and Total Capital is -0.06. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.09.
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 177.09 points at the first support level, and at 175.26 for the second support level. However, for the 1st resistance point, the stock is sitting at 181.38, and for the 2nd resistance point, it is at 183.84.
Ratios To Look Out For
It’s worth pointing out that Zscaler Inc [NASDAQ:ZS]’s Current Ratio is 1.67. As well, the Quick Ratio is 1.67, while the Cash Ratio is 0.74. Considering the valuation of this stock, the price to sales ratio is 13.32, the price to book ratio is 24.76.
Transactions by insiders
Recent insider trading involved CANESSA REMO, Chief Financial Officer, that happened on Jun 21 ’24 when 3238.0 shares were sold. Chief Financial Officer, CANESSA REMO completed a deal on Jun 20 ’24 to sell 7981.0 shares. Meanwhile, Chief Legal Officer Schlossman Robert sold 6636.0 shares on Jun 20 ’24.
