The stock of Zoom Video Communications Inc (ZM) has seen a -1.16% decrease in the past week, with a -10.52% drop in the past month, and a -14.44% decrease in the past quarter. The volatility ratio for the week is 1.78%, and the volatility levels for the past 30 days are at 2.03% for ZM. The simple moving average for the last 20 days is -5.51% for ZM stock, with a simple moving average of -11.12% for the last 200 days.
Is It Worth Investing in Zoom Video Communications Inc (NASDAQ: ZM) Right Now?
The price-to-earnings ratio for Zoom Video Communications Inc (NASDAQ: ZM) is above average at 28.99x, Company’s 36-month beta value is -0.04.Analysts have differing opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
The public float for ZM is 233.03M, and currently, short sellers hold a 5.44% ratio of that floaft. The average trading volume of ZM on April 23, 2024 was 3.48M shares.
ZM) stock’s latest price update
The stock of Zoom Video Communications Inc (NASDAQ: ZM) has increased by 0.15 when compared to last closing price of 59.45. Despite this, the company has experienced a -1.16% fall in its stock price over the last five trading sessions. InvestorPlace reported 2024-04-18 that Tech stocks have dominated for the better part of the past two decades. Much of this recent growth has been fueled by the recent surge of interest in AI.
Analysts’ Opinion of ZM
Many brokerage firms have already submitted their reports for ZM stocks, with Rosenblatt repeating the rating for ZM by listing it as a “Buy.” The predicted price for ZM in the upcoming period, according to Rosenblatt is $75 based on the research report published on April 18, 2024 of the current year 2024.
Jefferies, on the other hand, stated in their research note that they expect to see ZM reach a price target of $70. The rating they have provided for ZM stocks is “Hold” according to the report published on March 19th, 2024.
Exane BNP Paribas gave a rating of “Underperform” to ZM, setting the target price at $60 in the report published on January 18th of the current year.
ZM Trading at -8.21% 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 -21.56% of loss for the given period.
Volatility was left at 2.03%, however, over the last 30 days, the volatility rate increased by 1.78%, as shares sank -9.73% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -6.82% lower at present.
During the last 5 trading sessions, ZM fell by -1.16%, which changed the moving average for the period of 200-days by -7.96% in comparison to the 20-day moving average, which settled at $62.69. In addition, Zoom Video Communications Inc saw -17.20% 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 Bawa Aparna, who sale 21,968 shares at the price of $60.18 back on Apr 18 ’24. After this action, Bawa Aparna now owns 1,978 shares of Zoom Video Communications Inc, valued at $1,322,027 using the latest closing price.
Steckelberg Kelly, the Chief Financial Officer of Zoom Video Communications Inc, sale 5,007 shares at $59.36 during a trade that took place back on Apr 17 ’24, which means that Steckelberg Kelly is holding 0 shares at $297,203 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 3.72. 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 a nutshell, Zoom Video Communications Inc (ZM) has experienced a bad performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. 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.
