The stock of Zoom Video Communications Inc (ZM) has gone up by 6.30% for the week, with a 6.87% rise in the past month and a 21.46% rise in the past quarter. The volatility ratio for the week is 1.87%, and the volatility levels for the past 30 days are 2.12% for ZM. The simple moving average for the last 20 days is 4.31% for ZM stock, with a simple moving average of 13.02% 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 25.85x compared to its average ratio, The 36-month beta value for ZM is at -0.05. Analysts have varying views on the stock, with 8 analysts rating it as a “buy,” 2 rating it as “overweight,” 22 as “hold,” and 2 as “sell.”
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The public float for ZM is 261.50M, and currently, shorts hold a 3.03% of that float. The average trading volume for ZM on October 22, 2024 was 3.21M shares.
ZM) stock’s latest price update
Zoom Video Communications Inc (NASDAQ: ZM) has seen a rise in its stock price by 2.34 in relation to its previous close of 70.52. However, the company has experienced a 6.30% gain in its stock price over the last five trading sessions. zacks.com reported 2024-10-18 that Zoom Video Communications (ZM) reachead $70.52 at the closing of the latest trading day, reflecting a +0.46% change compared to its last close.
Analysts’ Opinion of ZM
Many brokerage firms have already submitted their reports for ZM stocks, with Wedbush repeating the rating for ZM by listing it as a “Outperform.” The predicted price for ZM in the upcoming period, according to Wedbush is $85 based on the research report published on October 17, 2024 of the current year 2024.
Rosenblatt, on the other hand, stated in their research note that they expect to see ZM reach a price target of $75. The rating they have provided for ZM stocks is “Buy” according to the report published on April 18th, 2024.
Jefferies gave a rating of “Hold” to ZM, setting the target price at $70 in the report published on March 19th of the current year.
ZM Trading at 7.71% 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 -3.48% of loss for the given period.
Volatility was left at 2.12%, however, over the last 30 days, the volatility rate increased by 1.87%, as shares surge +4.91% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +28.01% upper at present.
During the last 5 trading sessions, ZM rose by +6.30%, which changed the moving average for the period of 200-days by +7.88% in comparison to the 20-day moving average, which settled at $69.19. In addition, Zoom Video Communications Inc saw 0.36% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at ZM starting from Eric S. Yuan, who proposed sale 214,292 shares at the price of $72.17 back on Oct 21 ’24. After this action, Eric S. Yuan now owns shares of Zoom Video Communications Inc, valued at $15,465,454 using the latest closing price.
Chadwick Jonathan, the Director of Zoom Video Communications Inc, sale 12,500 shares at $68.36 during a trade that took place back on Oct 14 ’24, which means that Chadwick Jonathan is holding 1,514 shares at $854,507 based on the most recent closing price.
Stock Fundamentals for ZM
Current profitability levels for the company are sitting at:
- 0.18 for the present operating margin
- 0.75 for the gross margin
The net margin for Zoom Video Communications Inc stands at 0.19. The total capital return value is set at 0.09. Equity return is now at value 11.27, with 9.01 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 29.39. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 24.38.
Currently, EBITDA for the company is 519.96 million with net debt to EBITDA at -1.62. When we switch over and look at the enterprise to sales, we see a ratio of 4.52. The receivables turnover for the company is 8.68for trailing twelve months and the total asset turnover is 0.44. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.45.
Conclusion
In conclusion, Zoom Video Communications Inc (ZM) has had a better performance lately. Opinion on the stock among analysts is bullish, with some giving it a “buy” rating and others a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
