The Zoom Video Communications Inc. (NASDAQ:ZM) is going down by -0.19% in today’s trading session, a fall equivalent to -0.14% of the stock’s price from yesterday’s market close. A news came out on 09/10/19 stating that Zoom Named a Leader in Gartner’s 2019 Magic Quadrant for Meeting Solutions by WSJ. The lowest point that the shares touched during the trading session was $72.58, while the peak of the day was recorded at a share price of $76.3544. ZM finished the previous session at $73.59 according to the data provided by Barchart, while the trading volume was observed to be $628324.
In the 100 days of trading, ZM managed to top a 88.63% Moving average. Additionally, Zoom Video Communications Inc. shares have achieved a 52-week range between 59.94 and 107.34 alongside 100 days raw stochastic set at 2.07%.
The number of shares outstanding, according to the fundamentals of the company, is set at 274.62M, equal to the value of $20.21B in market capitalization. In the last 30 days, Zoom Video Communications Inc. shares went down by -14.77%, adding 86.00 to growth in value, on top of a +0.99% boost since 09/09/19.
Zoom Video Communications Inc. (NASDAQ:ZM) Analyst’s Estimates
Zoom Video Communications Inc. (ZM) could record at least $0.03 per share in quarterly earnings in the upcoming report on 01/01/2020, a number that would actually represent an increase of 0.18 YOY.
According to the average analyst rating, Zoom Video Communications Inc. would be rated as Hold. Out of 20 different analysts monitoring ZM stock, 4 analysts rate the stock as a BUY, 11 suggest to give the rating of HOLD, 2 indicate that ZM is an OVERWEIGHT, 2 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERWEIGHT.
On September 16, 2019, the stock earned a Initiated rating due to a new analyst call from Robert W. Baird, while analysts from RBC Capital Mkts believe that the stock is set at Sector Perform, as concluded on September 06, 2019. BofA/Merrill, is still rather wary about the stock, deciding to keep the rating at Buy as confirmed through a call on September 06, 2019.
Regardless of the rating, Stephens did increase their price to $115 as they are considering target share price analysis. Stephens, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on July 12, 2019, giving the stock a Overweight rating.
ZM Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +75.24% has been attained, while the operating margin has been recorded at +1.87%.Additionally, Zoom Video Communications Inc. is recording price volatility of 4.32% for the period of the last seven days and 4.19% in the last 30 days.
Zoom Video Communications Inc. (NASDAQ:ZM) Technical Outlook
For the period of the last 50 days, Zoom Video Communications Inc. had its Raw Stochastic average set at 2.76% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 5.37%. Stochastic %K for Zoom Video Communications Inc., with the last 20 days included, was set at 13.81%, having Stochastic %D topping 18.97%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Zoom Video Communications Inc. stocks with recording 18.69% in metrics.
Zoom Video Communications Inc. Insider Watch:
The top three institutional holders of ZM stocks are: Salesforce Com Inc with ownership of $246.64 million, which is approximately 2777777 of the company’s shares; Vanguard Group, Inc. (The), holding 1705937 shares of the stock with an approximate value of $151.47 million; and Capital Research Global Investors, currently with more than 1543590 shares of the company valued at $137.06 million. Positions in Zoom Video Communications Inc. stocks held by institutional investors has been changing actively in the past six months, a period during which there were 0 insider purchases amounting to 0 shares.