Wednesday, September 23, 2020

Market Analysts see Zoom Video Communications Inc. [ZM] gaining to $402. Time to buy?

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Zoom Video Communications Inc. [NASDAQ: ZM] gained 40.78% or 132.59 points to close at $457.69 with a heavy trading volume of 53160318 shares.

It opened the trading session at $439.51, the shares rose to $478.00 and dropped to $410.68, the range by which the price of stock traded the whole day. The daily chart for ZM points out that the company has recorded 291.86% gains over the past six months. However, it is still -650.68% lower than its most recent low trading price.

If we look at the average trading volume of 8.96M shares, ZM reached to a volume of 53160318 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here is what top equities market gurus are saying about Zoom Video Communications Inc. [ZM]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZM shares is $234.11 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ZM stock is a recommendation set at 2.60. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Goldman have made an estimate for Zoom Video Communications Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on September 01, 2020. The new note on the price target was released on September 01, 2020, representing the official price target for Zoom Video Communications Inc. stock. Previously, the target price had yet another raise from $195 to $375, while Wells Fargo kept a Equal Weight rating on ZM stock. On September 01, 2020, analysts increased their price target for ZM shares from 260 to 350.

The Average True Range (ATR) for Zoom Video Communications Inc. is set at 23.76, with the Price to Sales ratio for ZM stock in the period of the last 12 months amounting to 153.40. The Price to Book ratio for the last quarter was 142.14, with the Price to Cash per share for the same quarter was set at 3.98.

Trading performance analysis for ZM stock

Zoom Video Communications Inc. [ZM] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 57.59. With this latest performance, ZM shares gained by 70.78% in over the last four-week period, additionally plugging by 291.86% over the last 6 months – not to mention a rise of 395.01% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ZM stock in for the last two-week period is set at 87.93, with the RSI for the last a single of trading hit 92.99, and the three-weeks RSI is set at 84.30 for Zoom Video Communications Inc. [ZM]. The present Moving Average for the last 50 days of trading for this stock 267.80, while it was recorded at 334.40 for the last single week of trading, and 157.19 for the last 200 days.

Zoom Video Communications Inc. [ZM]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Zoom Video Communications Inc. [ZM] shares currently have an operating margin of +2.04 and a Gross Margin at +81.47. Zoom Video Communications Inc.’s Net Margin is presently recorded at +3.49.

Return on Total Capital for ZM is now 2.37, given the latest momentum, and Return on Invested Capital for the company is 4.08. Return on Equity for this stock inclined to 4.41, with Return on Assets sitting at 2.65. When it comes to the capital structure of this company, Zoom Video Communications Inc. [ZM] has a Total Debt to Total Equity ratio set at 8.69. Additionally, ZM Total Debt to Total Capital is recorded at 7.99, with Total Debt to Total Assets ending up at 5.62. Long-Term Debt to Equity for the company is recorded at 7.77, with the Long-Term Debt to Total Capital now at 7.15.

Reflecting on the efficiency of the workforce at the company, Zoom Video Communications Inc. [ZM] managed to generate an average of $8,590 per employee. Receivables Turnover for the company is 6.77 with a Total Asset Turnover recorded at a value of 0.76.Zoom Video Communications Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.70 and a Current Ratio set at 1.70.

Zoom Video Communications Inc. [ZM]: An earnings per share (EPS) analysis

With the latest financial reports released by the company, Zoom Video Communications Inc. posted 0.09/share EPS, while the average EPS was predicted by analysts to be reported at 0.03/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 200.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ZM. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Zoom Video Communications Inc. go to 38.46%.

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