Zscaler Inc (ZS) concluded trading on Wednesday at a closing price of $202.42, with 4.34 million shares of worth about $878.41 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 24.38% during that period and on Wednesday the price saw a loss of about -1.91%. Currently the company’s common shares owned by public are about 147.17M shares, out of which, 87.77M shares are available for trading.
However, the stock later moved at a day high price of 217.17, or with a loss of -1.91%. Stock saw a price change of -14.70% in past 5 days and over the past one month there was a price change of -12.77%. Year-to-date (YTD), ZS shares are showing a performance of -8.64% which increased to 68.95% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $84.93 but also hit the highest price of $259.61 during that period. The average intraday trading volume for Zscaler Inc shares is 2.33 million. The stock is currently trading -15.08% below its 20-day simple moving average (SMA20), while that difference is down -12.98% for SMA50 and it goes to 13.49% higher than SMA200.
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Zscaler Inc (NASDAQ: ZS) currently have 147.17M outstanding shares and institutions hold larger chunk of about 48.66% of that.
The stock has a current market capitalization of $30.02B and its 3Y-monthly beta is at 0.84. It has posted earnings per share of -$0.94 in the same period. It has Quick Ratio of 1.88 while making debt-to-equity ratio of 1.29. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ZS, volatility over the week remained 5.39% while standing at 4.14% over the month.
Analysts are in expectations that Zscaler Inc (ZS) stock would likely to be making an EPS of $0.64 in the current quarter, while forecast for next quarter EPS is $0.67 and it is $3.26 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.55 which is $0.69 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 $0.48 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 53.48% while it is estimated to increase by 18.94% in next year. EPS is likely to grow at an annualized rate of 37.13% for next 5-years, compared to annual growth of -17.41% made by the stock over the past 5-years.
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 Bernstein on January 18, 2024 offering an Outperform rating for the stock and assigned a target price of $311 to it. On January 03, 2024, Oppenheimer Reiterated their recommendations, while on December 15, 2023, Susquehanna Initiated their ratings for the stock with a price target of $275. Stock get an Outperform rating from Macquarie on December 12, 2023.
