Is Zoom Video Communications Inc (NASDAQ: ZM) Proving The Doubters Wrong?

Zoom Video Communications Inc (ZM) concluded trading on Thursday at a closing price of $63.90, with 3.3 million shares of worth about $211.02 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.98% during that period and on Thursday the price saw a gain of about 0.03%. Currently the company’s common shares owned by public are about 247.15M shares, out of which, 229.97M 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 145 times over the past 12 months. They bought 407,392 shares in 43 of the transactions. In 102 selling transactions, insiders dumped 403,674 shares.

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Stock saw a price change of -1.46% in past 5 days and over the past one month there was a price change of -6.46%. Year-to-date (YTD), ZM shares are showing a performance of -11.14% which decreased to -24.52% 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 $84.44 during that period. The average intraday trading volume for Zoom Video Communications Inc shares is 3.90 million. The stock is currently trading -4.98% below its 20-day simple moving average (SMA20), while that difference is down -7.49% for SMA50 and it goes to -5.09% lower than SMA200.

Zoom Video Communications Inc (NASDAQ: ZM) currently have 247.15M outstanding shares and institutions hold larger chunk of about 55.38% of that.

The stock has a current market capitalization of $19.45B and its 3Y-monthly beta is at -0.09. PE ratio of stock for trailing 12 months is 85.73, while it has posted earnings per share of $0.75 in the same period. Its PEG reads 57.15 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 1.65% while standing at 2.32% over the month.

Analysts are in expectations that Zoom Video Communications Inc (ZM) stock would likely to be making an EPS of $General Motors Company in the current quarter, while forecast for next quarter EPS is $38.65 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Philip Morris International Inc which is $Qualtrics International Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Toyota Motor Corporation in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -1.03% while it is estimated to increase by 1.35% in next year.

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 Exane BNP Paribas on January 18, 2024 offering an Underperform rating for the stock and assigned a target price of $60 to it.

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