Currently, there are 307.79M common shares owned by the public and among those 261.53M shares have been available to trade.
The company’s stock has a 5-day price change of 12.80% and 23.82% over the past three months. ZM shares are trading 23.81% year to date (YTD), with the 12-month market performance up to 37.97% higher. It has a 12-month low price of $55.06 and touched a high of $87.15 over the same period. ZM has an average intraday trading volume of 3.06 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 10.76%, 20.55%, and 36.29% respectively.
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Institutional ownership of Zoom Video Communications Inc (NASDAQ: ZM) shares accounts for 57.39% of the company’s 307.79M shares outstanding.
It has a market capitalization of $28.98B and a beta (3y monthly) value of -0.03. The stock’s trailing 12-month PE ratio is 31.89, while the earnings-per-share (ttm) stands at $2.79. The company has a PEG of 5.32 and a Quick Ratio of 4.45 with the debt-to-equity ratio at 0.01. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.61% over the week and 2.80% over the month.
Earnings per share for the fiscal year are expected to decrease by -15.87%, and 5.30% over the next financial year.
Looking at the support for the ZM, a number of firms have released research notes about the stock. Wedbush stated their Outperform rating for the stock in a research note on October 17, 2024, with the firm’s price target at $80-$85. Rosenblatt coverage for the Zoom Video Communications Inc (ZM) stock in a research note released on April 18, 2024 offered a Buy rating with a price target of $75. Jefferies was of a view on March 19, 2024 that the stock is Hold, while Exane BNP Paribas gave the stock Underperform rating on January 18, 2024, issuing a price target of $60. Wells Fargo on their part issued Underweight rating on December 20, 2023.
