Is Zuora Inc (NYSE: ZUO) Proving The Doubters Wrong?

Zuora Inc (ZUO) concluded trading on Thursday at a closing price of $9.96, with 40.69 million shares of worth about $405.29 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 7.44% during that period and on October 17, 2024 the price saw a gain of about 5.73%. Currently the company’s common shares owned by public are about 151.47M shares, out of which, 139.57M shares are available for trading.

Stock saw a price change of 11.28% in past 5 days and over the past one month there was a price change of 13.96%. Year-to-date (YTD), ZUO shares are showing a performance of 5.96% which increased to 20.73% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $7.05 but also hit the highest price of $10.85 during that period. The average intraday trading volume for Zuora Inc shares is 1.28 million. The stock is currently trading 13.33% above its 20-day simple moving average (SMA20), while that difference is up 14.06% for SMA50 and it goes to 9.96% higher than SMA200.

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Zuora Inc (NYSE: ZUO) currently have 151.47M outstanding shares and institutions hold larger chunk of about 75.93% of that.

The stock has a current market capitalization of $1.51B and its 3Y-monthly beta is at 1.73. It has posted earnings per share of -$0.33 in the same period. It has Quick Ratio of 2.71 while making debt-to-equity ratio of 2.12. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for ZUO, volatility over the week remained 2.69% while standing at 2.62% over the month.

Analysts are in expectations that Zuora Inc (ZUO) stock would likely to be making an EPS of 0.11 in the current quarter, while forecast for next quarter EPS is 0.14 and it is 0.57 for next year. For the current quarter EPS, analysts have given the company a lowest target 0.11 which is 0.12 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 0.09 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 70.30% while it is estimated to increase by 3.20% in next year. EPS is likely to grow at an annualized rate of 15.00% for next 5-years, compared to annual growth of 9.40% 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 Craig Hallum on July 08, 2024 offering a Hold rating for the stock and assigned a target price of $10 to it. Coverage by Goldman stated Zuora Inc (ZUO) stock as a Buy in their note to investors on January 23, 2024, suggesting a price target of $12 for the stock. On July 13, 2023, Robert W. Baird Initiated their recommendations, while on January 31, 2023, Lake Street Initiated their ratings for the stock with a price target of $11. Stock get a Neutral rating from Goldman on October 21, 2022.

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