Zoom Video Communications Inc [ZM] stock prices are down -2.13% to $67.95 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 2.89% over the last week, with a monthly amount drifted -4.73%, 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.
The stock price of Zoom Video Communications Inc [ZM] has been fluctuating between $55.06 and $74.77 over the past year. Currently, Wall Street analysts expect the stock to reach $111.77 within the next 12 months. Zoom Video Communications Inc [NASDAQ: ZM] shares were valued at $67.95 at the most recent close of the market. An investor can expect a potential return of 64.49% based on the average ZM price forecast.
Analyzing the ZM fundamentals
The Zoom Video Communications Inc [NASDAQ:ZM] reported sales of 4.59B for trailing twelve months, representing a surge of 2.09%. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.24%, and Net Profit Margin reading is 0.19%. 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. 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 67.37 points at the first support level, and at 66.79 for the second support level. However, for the 1st resistance point, the stock is sitting at 68.94, and for the 2nd resistance point, it is at 69.94.
Ratios To Look Out For
It’s worth pointing out that Zoom Video Communications Inc [NASDAQ:ZM]’s Current Ratio is 4.45. Also, the Quick Ratio is 4.45, while the Cash Ratio stands at 0.84. Considering the valuation of this stock, the price to sales ratio is 4.56, the price to book ratio is 2.45 and price to earnings (TTM) ratio is 24.34.
Transactions by insiders
Recent insider trading involved Steckelberg Kelly, Chief Financial Officer, that happened on Sep 18 ’24 when 8901.0 shares were sold. Affiliate, Kelley Steckelberg completed a deal on Sep 18 ’24 to buy 62307.0 shares. Meanwhile, Chief Operating Officer Bawa Aparna sold 831.0 shares on Sep 10 ’24.
