At the time of writing, Zoom Video Communications Inc [ZM] stock is trading at $72.17, up 2.34%. An important factor to consider is whether the stock is rising or falling in short-term value. The ZM shares have gain 6.30% over the last week, with a monthly amount glided 6.87%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Previously, Rosenblatt upgraded its rating to Buy on April 18, 2024, and kept the price target unchanged to $75. On March 19, 2024, Jefferies initiated with a Hold rating and assigned a price target of $70 on the stock. Exane BNP Paribas downgraded its rating to a Underperform but stick to its price target of $60 on January 18, 2024. Wells Fargo downgraded its rating to a Underweight but $70 remained the price target by the analyst firm on December 20, 2023. Citigroup upgraded its rating to Neutral for this stock on November 17, 2023, but kept the price target unchanged to $66. In a note dated September 15, 2023, HSBC Securities initiated an Buy rating and provided a target price of $83 on this stock.
For the past year, the stock price of Zoom Video Communications Inc fluctuated between $55.06 and $74.77. Currently, Wall Street analysts expect the stock to reach $111.94 within the next 12 months. Zoom Video Communications Inc [NASDAQ: ZM] shares were valued at $72.17 at the most recent close of the market. An investor can expect a potential return of 55.11% based on the average ZM price forecast.
Analyzing the ZM fundamentals
According to Zoom Video Communications Inc [NASDAQ:ZM], the company’s sales were 4.59B for trailing twelve months, which represents an 2.09% jump. 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. 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 70.79 points at the first support level, and at 69.42 for the second support level. However, for the 1st resistance point, the stock is sitting at 72.95, and for the 2nd resistance point, it is at 73.74.
Ratios To Look Out For
It is important to note that Zoom Video Communications Inc [NASDAQ:ZM] has a current ratio of 4.45. On the other hand, the Quick Ratio is 4.45, and the Cash Ratio is 0.84. Considering the valuation of this stock, the price to sales ratio is 4.84, the price to book ratio is 2.61 and price to earnings (TTM) ratio is 25.85.
Transactions by insiders
Recent insider trading involved Eric S. Yuan, Other: Chief Executive Officer, that happened on Oct 21 ’24 when 0.21 million shares were purchased. Director, Chadwick Jonathan completed a deal on Oct 14 ’24 to sell 12500.0 shares. Meanwhile, Chief Operating Officer Bawa Aparna sold 10520.0 shares on Oct 14 ’24.
