The stock of Zoom Video Communications Inc (ZM) has gone down by -1.86% for the week, with a -8.48% drop in the past month and a -11.44% drop in the past quarter. The volatility ratio for the week is 2.38%, and the volatility levels for the past 30 days are 2.33% for ZM. The simple moving average for the last 20 days is -3.83% for ZM’s stock, with a simple moving average of -4.05% for the last 200 days.
Is It Worth Investing in Zoom Video Communications Inc (NASDAQ: ZM) Right Now?
Zoom Video Communications Inc (NASDAQ: ZM) has a higher price-to-earnings ratio of 31.52x compared to its average ratio, The 36-month beta value for ZM is at -0.08. Analysts have varying views on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ZM is 232.75M, and currently, shorts hold a 5.23% of that float. The average trading volume for ZM on April 02, 2024 was 3.44M shares.
ZM) stock’s latest price update
Zoom Video Communications Inc (NASDAQ: ZM) has experienced a decline in its stock price by -0.98 compared to its previous closing price of 65.37. However, the company has seen a fall of -1.86% in its stock price over the last five trading days. CNBC reported 2024-04-01 that Microsoft’s decision to untie its Teams communications app from Office bundles is a potential boon for rivals Zoom and Salesforce.
Analysts’ Opinion of ZM
Many brokerage firms have already submitted their reports for ZM stocks, with Jefferies repeating the rating for ZM by listing it as a “Hold.” The predicted price for ZM in the upcoming period, according to Jefferies is $70 based on the research report published on March 19, 2024 of the current year 2024.
Exane BNP Paribas, on the other hand, stated in their research note that they expect to see ZM reach a price target of $60. The rating they have provided for ZM stocks is “Underperform” according to the report published on January 18th, 2024.
Wells Fargo gave a rating of “Underweight” to ZM, setting the target price at $70 in the report published on December 20th of the previous year.
ZM Trading at -2.36% from the 50-Day Moving Average
After a stumble in the market that brought ZM to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -14.72% of loss for the given period.
Volatility was left at 2.33%, however, over the last 30 days, the volatility rate increased by 2.38%, as shares sank -8.72% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -3.85% lower at present.
During the last 5 trading sessions, ZM fell by -1.86%, which changed the moving average for the period of 200-days by -5.94% in comparison to the 20-day moving average, which settled at $67.00. In addition, Zoom Video Communications Inc saw -9.98% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ZM starting from Steckelberg Kelly, who sale 5,007 shares at the price of $66.46 back on Mar 20 ’24. After this action, Steckelberg Kelly now owns 0 shares of Zoom Video Communications Inc, valued at $332,764 using the latest closing price.
Bawa Aparna, the Chief Operating Officer of Zoom Video Communications Inc, sale 816 shares at $66.60 during a trade that took place back on Mar 18 ’24, which means that Bawa Aparna is holding 1,978 shares at $54,342 based on the most recent closing price.
Stock Fundamentals for ZM
Current profitability levels for the company are sitting at:
- 0.12 for the present operating margin
- 0.76 for the gross margin
The net margin for Zoom Video Communications Inc stands at 0.14. The total capital return value is set at 0.06. Equity return is now at value 8.96, with 7.06 for asset returns.
Based on Zoom Video Communications Inc (ZM), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 21.92. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is -15.62.
Currently, EBITDA for the company is 519.96 million with net debt to EBITDA at -2.86. When we switch over and look at the enterprise to sales, we see a ratio of 4.07. The receivables turnover for the company is 8.45for trailing twelve months and the total asset turnover is 0.46. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.38.
Conclusion
In conclusion, Zoom Video Communications Inc (ZM) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
