Zoom Communications Inc [ZM] stock is trading at $83.83, down -2.04%. 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 1.45% over the last week, with a monthly amount glided 2.91%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Zoom Communications Inc [NASDAQ: ZM] stock has seen the most recent analyst activity on November 26, 2024, when Evercore ISI upgraded its rating to a Outperform and also boosted its price target to $115 from $70. On April 18, 2024, upgrade upgraded it’s rating to Buy but maintained its price target of $75 on the stock. Jefferies started tracking the stock assigning a Hold rating and suggested a price target of $70 on March 19, 2024. Exane BNP Paribas downgraded its rating to a Underperform but $60 remained the price target by the analyst firm on January 18, 2024. Wells Fargo downgraded its rating to Underweight for this stock on December 20, 2023, but kept the price target unchanged to $70. In a note dated November 17, 2023, Citigroup upgraded an Neutral rating on this stock but restated the target price of $66.
Zoom Communications Inc [ZM] stock has fluctuated between $55.06 and $92.80 over the past year. Currently, Wall Street analysts expect the stock to reach $71.5 within the next 12 months. Zoom Communications Inc [NASDAQ: ZM] shares were valued at $83.83 at the most recent close of the market. An investor can expect a potential drop of -14.71% based on the average ZM price forecast.
Analyzing the ZM fundamentals
Zoom Communications Inc [NASDAQ:ZM] reported sales of 4.63B for the trailing twelve months, which represents a growth of 3.59%. Gross Profit Margin for this corporation currently stands at 0.75% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.26%, and Net Profit Margin reading is 0.2%. To continue investigating profitability, this company’s Return on Assets is posted at 0.09, 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 0.0.
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 83.03 points at the first support level, and at 82.22 for the second support level. However, for the 1st resistance point, the stock is sitting at 85.07, and for the 2nd resistance point, it is at 86.30.
Ratios To Look Out For
For context, Zoom Communications Inc’s Current Ratio is 4.50. Also, the Quick Ratio is 4.50, while the Cash Ratio stands at 0.69. Considering the valuation of this stock, the price to sales ratio is 5.55, the price to book ratio is 2.96 and price to earnings (TTM) ratio is 27.98.
Transactions by insiders
Recent insider trading involved Shane Crehan, Officer, that happened on Dec 10 ’24 when 1551.0 shares were purchased. Officer, Velchamy Sankarlingam completed a deal on Dec 10 ’24 to buy 3618.0 shares. Meanwhile, Shareholder Gordon Ritter bought 41911.0 shares on Dec 09 ’24.
