At the time of writing, Zoom Communications Inc [ZM] stock is trading at $84.60, up 0.95%. 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 0.92% over the last week, with a monthly amount glided 4.26%, 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.
For the past year, the stock price of Zoom Communications Inc fluctuated between $55.06 and $92.80. Currently, Wall Street analysts expect the stock to reach $72.2 within the next 12 months. Zoom Communications Inc [NASDAQ: ZM] shares were valued at $84.60 at the most recent close of the market. An investor can expect a potential drop of -14.66% based on the average ZM price forecast.
Analyzing the ZM fundamentals
According to Zoom Communications Inc [NASDAQ:ZM], the company’s sales were 4.63B for trailing twelve months, which represents an 3.59% 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 0.26%, 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 83.20 points at the first support level, and at 81.80 for the second support level. However, for the 1st resistance point, the stock is sitting at 85.35, and for the 2nd resistance point, it is at 86.10.
Ratios To Look Out For
It is important to note that Zoom Communications Inc [NASDAQ:ZM] has a current ratio of 4.50. As well, the Quick Ratio is 4.50, while the Cash Ratio is 0.69. Considering the valuation of this stock, the price to sales ratio is 5.60, the price to book ratio is 2.99 and price to earnings (TTM) ratio is 28.24.
Transactions by insiders
Recent insider trading involved Crehan Shane, Chief Accounting Officer, that happened on Dec 10 ’24 when 1551.0 shares were sold. Pres. of Engineering & Product, Sankarlingam Velchamy completed a deal on Dec 10 ’24 to sell 3618.0 shares. Meanwhile, Officer Shane Crehan bought 1551.0 shares on Dec 10 ’24.
