Zoom Video Communications Inc [ZM] stock prices are down -0.08% to $75.54 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ZM shares have gain 2.29% over the last week, with a monthly amount glided 10.02%, 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.
The stock price of Zoom Video Communications Inc [ZM] has been fluctuating between $55.06 and $76.03 over the past year. 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 $75.54 at the most recent close of the market. An investor can expect a potential return of 48.19% 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 74.72 points at the first support level, and at 73.89 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.17, and for the 2nd resistance point, it is at 76.79.
Ratios To Look Out For
It’s worth pointing out that Zoom Video Communications Inc [NASDAQ:ZM]’s Current Ratio is 4.45. As well, the Quick Ratio is 4.45, while the Cash Ratio is 0.84. Considering the valuation of this stock, the price to sales ratio is 5.13, the price to book ratio is 2.73 and price to earnings (TTM) ratio is 27.06.
Transactions by insiders
Recent insider trading involved Chadwick Jonathan, Director, that happened on Oct 29 ’24 when 12500.0 shares were sold. Director, JONATHAN CHADWICK completed a deal on Oct 29 ’24 to buy 25000.0 shares. Meanwhile, Chief Executive Officer Yuan Eric S. sold 35714.0 shares on Oct 22 ’24.
