Zscaler Inc. [ZS] Stock trading around $160.84 per share: What’s Next?


Zscaler Inc. [NASDAQ: ZS] gained 7.99% or 11.9 points to close at $160.84 with a heavy trading volume of 3596837 shares. The company report on June 2, 2022 that Zscaler ThreatLabz 2022 Ransomware Report Reveals Record Number of Attacks and Nearly 120% Growth in Double Extortion Ransomware.

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Zscaler 2022 Ransomware Report.

Manufacturers are the Most Targeted for the Second Year in a Row; Healthcare Sees the Biggest Jump in Ransomware Attacks with Nearly a 650% Increase.

It opened the trading session at $148.90, the shares rose to $161.09 and dropped to $148.27, the range by which the price of stock traded the whole day. The daily chart for ZS points out that the company has recorded -49.45% loss over the past six months. However, it is still -28.55% lower than its most recent low trading price.

If we look at the average trading volume of 2.60M shares, ZS reached to a volume of 3596837 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 Zscaler Inc. [ZS]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZS shares is $238.41 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ZS stock is a recommendation set at 1.90. 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.

Stephens have made an estimate for Zscaler Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on May 26, 2022. While these analysts kept the previous recommendation, Daiwa Securities raised their target price from $286 to $296. The new note on the price target was released on March 02, 2022, representing the official price target for Zscaler Inc. stock. Previously, the target price had yet another drop from $340 to $275, while Wolfe Research kept a Outperform rating on ZS stock. On February 25, 2022, analysts decreased their price target for ZS shares from 400 to 350.

The Average True Range (ATR) for Zscaler Inc. is set at 13.54, with the Price to Sales ratio for ZS stock in the period of the last 12 months amounting to 23.45. The Price to Book ratio for the last quarter was 41.89, with the Price to Cash per share for the same quarter was set at 12.94. Price to Free Cash Flow for ZS in the course of the last twelve months was 102.79 with Quick ratio for the last quarter at 2.40.

Trading performance analysis for ZS stock

Zscaler Inc. [ZS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 21.32. With this latest performance, ZS shares dropped by -21.43% in over the last four-week period, additionally sinking by -49.45% over the last 6 months – not to mention a drop of -12.71% 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 ZS stock in for the last two-week period is set at 49.21, with the RSI for the last a single of trading hit 55.83, and the three-weeks RSI is set at 45.98 for Zscaler Inc. [ZS]. The present Moving Average for the last 50 days of trading for this stock 193.99, while it was recorded at 153.00 for the last single week of trading, and 258.94 for the last 200 days.

Zscaler Inc. [ZS]: A deeper dive into fundamental analysis

Operating Margin for any stock indicates how profitable investing would be, and Zscaler Inc. [ZS] shares currently have an operating margin of -30.81 and a Gross Margin at +77.62. Zscaler Inc.’s Net Margin is presently recorded at -38.93.

Return on Total Capital for ZS is now -14.38, given the latest momentum, and Return on Invested Capital for the company is -18.40. Return on Equity for this stock declined to -51.70, with Return on Assets sitting at -12.81. When it comes to the capital structure of this company, Zscaler Inc. [ZS] has a Total Debt to Total Equity ratio set at 182.38. Additionally, ZS Total Debt to Total Capital is recorded at 64.59, with Total Debt to Total Assets ending up at 42.73. Long-Term Debt to Equity for the company is recorded at 178.63, with the Long-Term Debt to Total Capital now at 63.26.

Reflecting on the efficiency of the workforce at the company, Zscaler Inc. [ZS] managed to generate an average of -$83,105 per employee. Receivables Turnover for the company is 3.29 with a Total Asset Turnover recorded at a value of 0.33.Zscaler Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 2.40.

Zscaler Inc. [ZS]: An earnings per share (EPS) analysis

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 ZS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Zscaler Inc. go to 54.39%.

An analysis of insider ownership at Zscaler Inc. [ZS]

There are presently around $9,506 million, or 46.70% of ZS stock, in the hands of institutional investors. The top three institutional holders of ZS stocks are: VANGUARD GROUP INC with ownership of 7,611,843, which is approximately 0.905% of the company’s market cap and around 1.00% of the total institutional ownership; BLACKROCK INC., holding 6,817,785 shares of the stock with an approximate value of $1.02 billion in ZS stocks shares; and CAPITAL RESEARCH GLOBAL INVESTORS, currently with $651.96 million in ZS stock with ownership of nearly 40.414% of the company’s market capitalization.

Positions in Zscaler Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 321 institutional holders increased their position in Zscaler Inc. [NASDAQ:ZS] by around 9,244,419 shares. Additionally, 342 investors decreased positions by around 9,745,108 shares, while 82 investors held positions by with 44,833,612 shares. The mentioned changes placed institutional holdings at 63,823,139 shares, according to the latest SEC report filing. ZS stock had 95 new institutional investments in for a total of 2,445,726 shares, while 116 institutional investors sold positions of 773,748 shares during the same period.