Zoom Video Communications Inc (ZM) concluded trading on Thursday at a closing price of $59.94, with 4.21 million shares of worth about $252.56 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -6.11% during that period and on April 18, 2024 the price saw a gain of about 1.46%. Currently the company’s common shares owned by public are about 260.90M shares, out of which, 232.98M shares are available for trading.
Stock saw a price change of -4.13% in past 5 days and over the past one month there was a price change of -9.91%. Year-to-date (YTD), ZM shares are showing a performance of -16.65% which decreased to -10.90% 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 $75.90 during that period. The average intraday trading volume for Zoom Video Communications Inc shares is 3.45 million. The stock is currently trading -5.92% below its 20-day simple moving average (SMA20), while that difference is down -7.82% for SMA50 and it goes to -10.63% lower than SMA200.
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Zoom Video Communications Inc (NASDAQ: ZM) currently have 260.90M outstanding shares and institutions hold larger chunk of about 58.95% of that.
The stock has a current market capitalization of $18.44B and its 3Y-monthly beta is at -0.04. PE ratio of stock for trailing 12 months is 29.18, while it has posted earnings per share of $2.05 in the same period. Its PEG reads 19.46 and has Quick Ratio of 4.38 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 1.97% while standing at 1.99% over the month.
Stock’s fiscal year EPS is expected to drop by -15.87% while it is estimated to increase by 5.30% 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 Rosenblatt on Apr-19-24 offering a Buy rating for the stock and assigned a target price of $75 to it. Coverage by Jefferies stated Zoom Video Communications Inc (ZM) stock as a Hold in their note to investors on March 19, 2024, suggesting a price target of $70 for the stock. On January 18, 2024, Exane BNP Paribas Downgrade their recommendations, while on December 20, 2023, Wells Fargo Downgrade their ratings for the stock with a price target of $70. Stock get a Neutral rating from Citigroup on November 17, 2023.
