Zoom Video Communications Inc (ZM) concluded trading on Thursday at a closing price of $81.20, with 3.96 million shares of worth about $321.42 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 30.09% during that period and on November 21, 2024 the price saw a gain of about 2.97%. Currently the company’s common shares owned by public are about 307.79M shares, out of which, 261.56M shares are available for trading.
Stock saw a price change of -1.73% in past 5 days and over the past one month there was a price change of 11.94%. Year-to-date (YTD), ZM shares are showing a performance of 12.92% which increased to 23.14% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $55.06 but also hit the highest price of $87.15 during that period. The average intraday trading volume for Zoom Video Communications Inc shares is 3.36 million. The stock is currently trading 2.84% above its 20-day simple moving average (SMA20), while that difference is up 11.14% for SMA50 and it goes to 24.74% higher than SMA200.
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Zoom Video Communications Inc (NASDAQ: ZM) currently have 307.79M outstanding shares and institutions hold larger chunk of about 57.39% of that.
The stock has a current market capitalization of $24.99B and its 3Y-monthly beta is at -0.06. PE ratio of stock for trailing 12 months is 29.09, while it has posted earnings per share of $2.79 in the same period. Its PEG reads 4.85 and has Quick Ratio of 4.45 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 2.30% while standing at 2.46% over the month.
Stock’s fiscal year EPS is expected to rise by 2.32% while it is estimated to decrease by -0.55% 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 Wedbush on October 17, 2024 offering an Outperform rating for the stock and assigned a target price range of between $80 and $85 to it. Coverage by Rosenblatt stated Zoom Video Communications Inc (ZM) stock as a Buy in their note to investors on April 18, 2024, suggesting a price target of $75 for the stock. On March 19, 2024, Jefferies Initiated their recommendations, while on January 18, 2024, Exane BNP Paribas Downgrade their ratings for the stock with a price target of $60. Stock get an Underweight rating from Wells Fargo on December 20, 2023.
