Currently, there are 306.50M common shares owned by the public and among those 261.48M shares have been available to trade.
The company’s stock has a 5-day price change of 12.86% and 21.99% over the past three months. ZM shares are trading 8.61% year to date (YTD), with the 12-month market performance up to 31.47% higher. It has a 12-month low price of $55.06 and touched a high of $92.80 over the same period. ZM has an average intraday trading volume of 3.18 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 9.50%, 7.23%, and 28.78% respectively.
Institutional ownership of Zoom Communications Inc (NASDAQ: ZM) shares accounts for 57.82% of the company’s 306.50M shares outstanding.
It has a market capitalization of $27.17B and a beta (3y monthly) value of -0.01. The stock’s trailing 12-month PE ratio is 29.59, while the earnings-per-share (ttm) stands at $3.00. The company has a PEG of 16.26 and a Quick Ratio of 4.50 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 4.34% over the week and 2.80% over the month.
Earnings per share for the fiscal year are expected to increase by 4.34%, and -1.44% over the next financial year.
Looking at the support for the ZM, a number of firms have released research notes about the stock. Cantor Fitzgerald stated their Neutral rating for the stock in a research note on January 17, 2025, with the firm’s price target at $87. Wells Fargo coverage for the Zoom Communications Inc (ZM) stock in a research note released on January 07, 2025 offered a Equal Weight rating with a price target of $85. Jefferies was of a view on December 19, 2024 that the stock is Buy, while Evercore ISI gave the stock Outperform rating on November 26, 2024, issuing a price target of $70- $115. Wedbush on their part issued Outperform rating on October 17, 2024.
