Zscaler Inc [ZS] stock prices are up 3.32% to $171.71 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The ZS shares have lost -1.57% over the last week, with a monthly amount drifted -13.00%, and not seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Mizuho downgraded its rating to Neutral on July 16, 2024, and kept the price target unchanged to $220. On June 14, 2024, upgrade upgraded it’s rating to Overweight and revised its price target to $230 on the stock. BMO Capital Markets reiterated its Outperform rating but stick to its price target of $208 on June 14, 2024. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $182 on May 28, 2024. Rosenblatt downgraded its rating to Neutral for this stock on May 28, 2024, but kept the price target unchanged to $190. In a note dated April 18, 2024, KeyBanc Capital Markets upgraded an Overweight rating on this stock but restated the target price of $220.
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 $171.71 at the most recent close of the market. An investor can expect a potential return of 38.84% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.09.
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 168.66 points at the first support level, and at 165.61 for the second support level. However, for the 1st resistance point, the stock is sitting at 174.13, and for the 2nd resistance point, it is at 176.55.
Ratios To Look Out For
It’s worth pointing out that Zscaler Inc [NASDAQ:ZS]’s Current Ratio is 1.67. On the other hand, the Quick Ratio is 1.67, and the Cash Ratio is 0.74. Considering the valuation of this stock, the price to sales ratio is 12.79, the price to book ratio is 23.77.
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.
