Zoom Video Communications Inc (ZM) concluded trading on 01/11/24 at a closing price of $68.50, with 3.33 million shares of worth about $228.31 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.85% during that period and on Thursday the price saw a gain of about 0.47%. Currently the company’s common shares owned by public are about 247.15M shares, out of which, 229.63M shares are available for trading.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 149 times over the past 12 months. They bought 410,616 shares in 44 of the transactions. In 105 selling transactions, insiders dumped 406,898 shares.
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Zoom Video Communications Inc (NASDAQ: ZM) started trading at $68.34, above $0.16 from concluding price of the previous day. However, the stock later moved at a day high price of 68.68, or with a gain of 0.47%. Stock saw a price change of 2.39% in past 5 days and over the past one month there was a price change of -5.62%. Year-to-date (YTD), ZM shares are showing a performance of -4.74% which decreased to -3.33% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $58.87 but also hit the highest price of $85.13 during that period. The average intraday trading volume for Zoom Video Communications Inc shares is 3.75 million. The stock is currently trading -2.99% below its 20-day simple moving average (SMA20), while that difference is up 1.75% for SMA50 and it goes to 1.38% higher than SMA200.
Zoom Video Communications Inc (NASDAQ: ZM) currently have 247.15M outstanding shares and institutions hold larger chunk of about 55.72% of that.
The stock has a current market capitalization of $20.85B and its 3Y-monthly beta is at -0.08. PE ratio of stock for trailing 12 months is 91.90, while it has posted earnings per share of $0.75 in the same period. Its PEG reads 61.26 and has Quick Ratio of 4.15 while making debt-to-equity ratio of 0.01. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ZM, volatility over the week remained 2.36% while standing at 2.39% over the month.
Stock’s fiscal year EPS is expected to drop by -1.03% while it is estimated to increase by 1.35% in next year.
Analysts at 34 brokerage firms have issued recommendations for the Zoom Video Communications Inc (ZM)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.56. Out of those 34 Wall Street analysts, 7 recommended a “Buy” rating, while 23 were in favor recommending the stock as a “Hold” and 1 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Wells Fargo on December 20, 2023 offering an Underweight rating for the stock and assigned a target price of $70 to it.
