Zoom Video Communications Inc [NASDAQ: ZM] stock went on an upward path that rose over 1.46% on Thursday, amounting to a one-week price decrease of less than -4.13%.
Over the last 12 months, ZM stock dropped by -10.90%. The one-year Zoom Video Communications Inc stock forecast points to a potential upside of 23.18. The average equity rating for ZM stock is currently 2.63, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $18.44 billion, with 260.90 million shares outstanding and 232.98 million shares in the current float. Compared to the average trading volume of 3.45M shares, ZM stock reached a trading volume of 4213629 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on 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 $78.03 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 2.63. 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.
Rosenblatt have made an estimate for Zoom Video Communications Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on Apr-19-24. While these analysts kept the previous recommendation, Jefferies raised their target price to Hold. The new note on the price target was released on March 19, 2024, representing the official price target for Zoom Video Communications Inc stock. Previously, the target price had yet another raise to $60, while Exane BNP Paribas analysts kept a Underperform rating on ZM stock.
The Average True Range (ATR) for Zoom Video Communications Inc is set at 1.47, with the Price to Sales ratio for ZM stock in the period of the last 12 months amounting to 4.07. The Price to Book ratio for the last quarter was 2.30, with the Price to Cash per share for the same quarter was set at 22.66. Price to Free Cash Flow for ZM in the course of the last twelve months was 12.52 with Quick ratio for the last quarter at 4.38.
ZM Stock Performance Analysis:
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 -4.13. With this latest performance, ZM shares dropped by -9.91% in over the last four-week period, additionally sinking by -6.11% over the last 6 months – not to mention a drop of -10.90% 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 32.45, with the RSI for the last a single of trading hit 29.44, and the three-weeks RSI is set at 35.98 for Zoom Video Communications Inc [ZM]. The present Moving Average for the last 50 days of trading for this stock 64.95, while it was recorded at 60.03 for the last single week of trading, and 67.03 for the last 200 days.
Insight into Zoom Video Communications Inc Fundamentals:
Zoom Video Communications Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.38 and a Current Ratio set at 4.38.
ZM Stock EPS
With the latest financial reports released by the company, Zoom Video Communications Inc posted 1.16/share EPS, while the average EPS was predicted by analysts to be reported at 0.99/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 17.20%. 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 1.50%.
Zoom Video Communications Inc [ZM] Institutonal Ownership Details
The top three institutional holders of ZM stocks are: VANGUARD GROUP INC with ownership of 1.32 billion shares, which is approximately 8.4983%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $200.69 billion in ZM stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ZM stock with ownership which is approximately 5.8386%.
