A share price of Zoom Video Communications Inc [ZM] is currently trading at $72.63, down -0.04%. An important factor to consider is whether the stock is rising or falling in short-term value. The ZM shares have gain 2.99% over the last week, with a monthly amount glided 5.41%, 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.
Zoom Video Communications Inc experienced fluctuations in its stock price throughout the past year 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 $72.63 at the most recent close of the market. An investor can expect a potential return of 54.12% based on the average ZM price forecast.
Analyzing the ZM fundamentals
Trailing Twelve Months sales for Zoom Video Communications Inc [NASDAQ:ZM] were 4.59B which represents 2.09% growth. 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 72.24 points at the first support level, and at 71.86 for the second support level. However, for the 1st resistance point, the stock is sitting at 73.38, and for the 2nd resistance point, it is at 74.14.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Zoom Video Communications Inc [NASDAQ:ZM] is 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 4.87, the price to book ratio is 2.62 and price to earnings (TTM) ratio is 26.02.
Transactions by insiders
Recent insider trading involved Yuan Eric S., Chief Executive Officer, that happened on Oct 22 ’24 when 35714.0 shares were sold. Chief Executive Officer, Yuan Eric S. completed a deal on Oct 21 ’24 to sell 35722.0 shares. Meanwhile, Other: Chief Executive Officer Eric S. Yuan bought 0.21 million shares on Oct 21 ’24.
