Zscaler Inc (NASDAQ: ZS)’s stock price has decreased by -4.84 compared to its previous closing price of 191.07. However, the company has seen a -6.73% decrease in its stock price over the last five trading sessions. fool.com reported 2024-07-24 that Zscaler will benefit from the growth of the zero-trust market. SentinelOne has bold plans for replacing human analysts with AI algorithms.
Is It Worth Investing in Zscaler Inc (NASDAQ: ZS) Right Now?
The 36-month beta value for ZS is also noteworthy at 0.84. 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.”
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The public float for ZS is 91.39M, and at present, short sellers hold a 5.28% of that float. The average trading volume of ZS on July 25, 2024 was 2.17M shares.
ZS’s Market Performance
ZS’s stock has seen a -6.73% decrease for the week, with a 0.42% rise in the past month and a 2.77% gain in the past quarter. The volatility ratio for the week is 3.87%, and the volatility levels for the past 30 days are at 3.60% for Zscaler Inc The simple moving average for the last 20 days is -6.60% for ZS stock, with a simple moving average of -7.26% for the last 200 days.
Analysts’ Opinion of ZS
Mizuho, on the other hand, stated in their research note that they expect to see ZS reach a price target of $220. The rating they have provided for ZS stocks is “Neutral” according to the report published on July 16th, 2024.
JP Morgan gave a rating of “Overweight” to ZS, setting the target price at $230 in the report published on June 14th of the current year.
ZS Trading at -1.08% 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 -29.96% of loss for the given period.
Volatility was left at 3.60%, however, over the last 30 days, the volatility rate increased by 3.87%, as shares sank -0.38% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.12% upper at present.
During the last 5 trading sessions, ZS fell by -6.73%, which changed the moving average for the period of 200-days by +18.60% in comparison to the 20-day moving average, which settled at $194.63. In addition, Zscaler Inc saw -17.94% 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 CANESSA REMO, who sale 3,238 shares at the price of $177.54 back on Jun 21 ’24. After this action, CANESSA REMO now owns 240,248 shares of Zscaler Inc, valued at $574,861 using the latest closing price.
CANESSA REMO, the Chief Financial Officer of Zscaler Inc, sale 7,981 shares at $177.21 during a trade that took place back on Jun 20 ’24, which means that CANESSA REMO is holding 243,486 shares at $1,414,337 based on the most recent closing price.
Stock Fundamentals for ZS
Current profitability levels for the company are sitting at:
- -0.07 for the present operating margin
- 0.78 for the gross margin
The net margin for Zscaler Inc stands at -0.04. The total capital return value is set at -0.06. Equity return is now at value -8.68, with -1.99 for asset returns.
Based on Zscaler Inc (ZS), the company’s capital structure generated 0.52 points at debt to capital in total, while cash flow to debt ratio is standing at 0.6. The debt to equity ratio resting at 1.09. The interest coverage ratio of the stock is -11.6.
Currently, EBITDA for the company is -101.61 million with net debt to EBITDA at 1.22. When we switch over and look at the enterprise to sales, we see a ratio of 13.53. The receivables turnover for the company is 3.93for 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 1.67.
Conclusion
In summary, Zscaler Inc (ZS) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others 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.
