Zoom Video Communications Inc. [ZM] moved down -2.07: Why It’s Important

Zoom Video Communications Inc. [NASDAQ: ZM] plunged by -$2.06 during the normal trading session on Monday and reaching a high of $100.14 during the day while it closed the day at $97.44. The company report on August 22, 2022 that Zoom Video Communications Reports Financial Results for the Second Quarter of Fiscal Year 2023.

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Second quarter total revenue of $1,099.5 million, up 8% year over year.

Second quarter GAAP operating margin of 11.1% and non-GAAP operating margin of 35.8%.

Zoom Video Communications Inc. stock has also loss -13.95% of its value over the past 7 days. However, ZM stock has inclined by 8.58% in the 3 months of the year. Over the past six months meanwhile, it has lost -23.25% and lost -47.02% year-on date.

The market cap for ZM stock reached $30.15 billion, with 299.15 million shares outstanding and 220.54 million shares in the current float. Compared to the average trading volume of 5.11M shares, ZM reached a trading volume of 7700640 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say 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 $150.66 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 2.40. 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.

Citigroup have made an estimate for Zoom Video Communications Inc. shares, keeping their opinion on the stock as Sell, with their previous recommendation back on August 16, 2022. While these analysts kept the previous recommendation, MKM Partners raised their target price to Buy. The new note on the price target was released on August 04, 2022, representing the official price target for Zoom Video Communications Inc. stock. Previously, the target price had yet another raise to $122, while Bernstein analysts kept a Mkt Perform rating on ZM stock. On May 31, 2022, analysts increased their price target for ZM shares from 107 to 121.

The Average True Range (ATR) for Zoom Video Communications Inc. is set at 5.70, with the Price to Sales ratio for ZM stock in the period of the last 12 months amounting to 7.15. The Price to Book ratio for the last quarter was 4.90, with the Price to Cash per share for the same quarter was set at 18.51.

ZM stock trade performance evaluation

Zoom Video Communications Inc. [ZM] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -13.95. With this latest performance, ZM shares dropped by -8.55% in over the last four-week period, additionally sinking by -23.25% over the last 6 months – not to mention a drop of -71.07% 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 39.59, with the RSI for the last a single of trading hit 34.30, and the three-weeks RSI is set at 42.69 for Zoom Video Communications Inc. [ZM]. The present Moving Average for the last 50 days of trading for this stock 108.99, while it was recorded at 102.34 for the last single week of trading, and 137.17 for the last 200 days.

Zoom Video Communications Inc. [ZM]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Zoom Video Communications Inc. [ZM] shares currently have an operating margin of +27.57 and a Gross Margin at +74.28. Zoom Video Communications Inc.’s Net Margin is presently recorded at +33.54.

Return on Equity for this stock inclined to 28.53, with Return on Assets sitting at 21.40.

Zoom Video Communications Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 3.60 and a Current Ratio set at 3.60.

Earnings per share (EPS) analysis for Zoom Video Communications Inc. [ZM] stock

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 13.58%.

Zoom Video Communications Inc. [ZM]: Insider Ownership positions

There are presently around $15,378 million, or 62.70% of ZM stock, in the hands of institutional investors. The top three institutional holders of ZM stocks are: VANGUARD GROUP INC with ownership of 13,883,713, which is approximately 5.837% of the company’s market cap and around 12.38% of the total institutional ownership; BLACKROCK INC., holding 12,979,957 shares of the stock with an approximate value of $1.26 billion in ZM stocks shares; and MORGAN STANLEY, currently with $1.13 billion in ZM stock with ownership of nearly 0.803% of the company’s market capitalization.

384 institutional holders increased their position in Zoom Video Communications Inc. [NASDAQ:ZM] by around 22,555,252 shares. Additionally, 351 investors decreased positions by around 18,956,413 shares, while 130 investors held positions by with 116,306,865 shares. The mentioned changes placed institutional holdings at 157,818,530 shares, according to the latest SEC report filing. ZM stock had 107 new institutional investments in for a total of 6,967,019 shares, while 122 institutional investors sold positions of 3,967,444 shares during the same period.


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