A share price of Zoom Video Communications Inc [ZM] is currently trading at $59.21, up 0.03%. An important factor to consider is whether the stock is rising or falling in short-term value. The ZM shares have gain 2.42% over the last week, with a monthly amount drifted -2.18%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Zoom Video Communications Inc [NASDAQ: ZM] stock has seen the most recent analyst activity on April 18, 2024, when Rosenblatt upgraded its rating to a Buy but kept the price target unchanged to $75 for it. Previously, Jefferies started tracking the stock with Hold rating on March 19, 2024, and set its price target to $70. On January 18, 2024, downgrade downgraded it’s rating to Underperform but maintained its price target of $60 on the stock. Wells Fargo downgraded its rating to a Underweight but stick to its price target of $70 on December 20, 2023. Citigroup upgraded its rating to a Neutral but $66 remained the price target by the analyst firm on November 17, 2023. HSBC Securities started tracking with a Buy rating for this stock on September 15, 2023, and assigned it a price target of $83. In a note dated May 23, 2023, MoffettNathanson upgraded an Market Perform rating on this stock but restated the target price of $85.
Zoom Video Communications Inc experienced fluctuations in its stock price throughout the past year between $55.63 and $75.90. Currently, Wall Street analysts expect the stock to reach $116.22 within the next 12 months. Zoom Video Communications Inc [NASDAQ: ZM] shares were valued at $59.21 at the most recent close of the market. An investor can expect a potential return of 96.28% based on the average ZM price forecast.
Analyzing the ZM fundamentals
Trailing Twelve Months sales for Zoom Video Communications Inc [NASDAQ:ZM] were 4.56B which represents 3.25% growth. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at 0.17%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.11 and Total Capital is 0.09. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.01.
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 58.89 points at the first support level, and at 58.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 59.47, and for the 2nd resistance point, it is at 59.72.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Zoom Video Communications Inc [NASDAQ:ZM] is 4.36. On the other hand, the Quick Ratio is 4.36, and the Cash Ratio is 1.02. Considering the valuation of this stock, the price to sales ratio is 4.01, the price to book ratio is 2.21 and price to earnings (TTM) ratio is 22.02.
Transactions by insiders
Recent insider trading involved Steckelberg Kelly, Chief Financial Officer, that happened on Jun 26 ’24 when 5007.0 shares were sold. Chief Operating Officer, Bawa Aparna completed a deal on Jun 18 ’24 to sell 836.0 shares. Meanwhile, Chief Accounting Officer Crehan Shane sold 363.0 shares on Jun 13 ’24.
