Zscaler Inc (NASDAQ: ZS)’s stock price has decreased by -3.33 compared to its previous closing price of 176.89. However, the company has seen a -0.76% decrease in its stock price over the last five trading sessions. Zacks Investment Research reported 2024-05-07 that Zscaler (ZS) closed at $176.89 in the latest trading session, marking a -0.7% move from the prior day.
Is It Worth Investing in Zscaler Inc (NASDAQ: ZS) Right Now?
Additionally, the 36-month beta value for ZS is 0.86. There are mixed opinions on the stock, with 2 analysts rating it as a “buy,” 3 rating it as “overweight,” 7 rating it as “hold,” and 0 rating it as “sell.”
The public float for ZS is 89.21M and currently, short sellers hold a 6.18% ratio of that float. The average trading volume of ZS on May 09, 2024 was 2.30M shares.
ZS’s Market Performance
ZS stock saw a decrease of -0.76% in the past week, with a monthly decline of -9.28% and a quarterly a decrease of -30.11%. The volatility ratio for the week is 3.72%, and the volatility levels for the last 30 days are 3.03% for Zscaler Inc (ZS). The simple moving average for the last 20 days is -2.96% for ZS stock, with a simple moving average of -8.84% for the last 200 days.
Analysts’ Opinion of ZS
Many brokerage firms have already submitted their reports for ZS stocks, with KeyBanc Capital Markets repeating the rating for ZS by listing it as a “Overweight.” The predicted price for ZS in the upcoming period, according to KeyBanc Capital Markets is $220 based on the research report published on April 18, 2024 of the current year 2024.
Bernstein, on the other hand, stated in their research note that they expect to see ZS reach a price target of $311. The rating they have provided for ZS stocks is “Outperform” according to the report published on January 18th, 2024.
ZS Trading at -10.44% from the 50-Day Moving Average
After a stumble in the market that brought ZS to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -34.13% of loss for the given period.
Volatility was left at 3.03%, however, over the last 30 days, the volatility rate increased by 3.72%, as shares sank -7.04% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -29.48% lower at present.
During the last 5 trading sessions, ZS fell by -0.76%, which changed the moving average for the period of 200-days by +15.28% in comparison to the 20-day moving average, which settled at $175.58. In addition, Zscaler Inc saw -22.82% 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 ZS starting from Schlossman Robert, who sale 5,484 shares at the price of $193.88 back on Mar 19 ’24. After this action, Schlossman Robert now owns 118,494 shares of Zscaler Inc, valued at $1,063,224 using the latest closing price.
CANESSA REMO, the Chief Financial Officer of Zscaler Inc, sale 7,707 shares at $193.15 during a trade that took place back on Mar 18 ’24, which means that CANESSA REMO is holding 255,943 shares at $1,488,579 based on the most recent closing price.
Stock Fundamentals for ZS
Current profitability levels for the company are sitting at:
- -0.1 for the present operating margin
- 0.77 for the gross margin
The net margin for Zscaler Inc stands at -0.07. The total capital return value is set at -0.08. Equity return is now at value -18.64, with -3.98 for asset returns.
Based on Zscaler Inc (ZS), the company’s capital structure generated 0.55 points at debt to capital in total, while cash flow to debt ratio is standing at 0.55. The debt to equity ratio resting at 1.24. The interest coverage ratio of the stock is -17.22.
Currently, EBITDA for the company is -101.61 million with net debt to EBITDA at 4.07. When we switch over and look at the enterprise to sales, we see a ratio of 13.41. The receivables turnover for the company is 3.87for trailing twelve months and the total asset turnover is 0.48. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.90.
Conclusion
In conclusion, Zscaler Inc (ZS) has seen bad performance in recent times. Analysts have a mixed opinion on the stock, with some rating it as a “buy” and others rating it as 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.
