Zscaler Inc [NASDAQ: ZS] plunged by -$5.89 during the normal trading session on while it closed the day at $171.00.
Zscaler Inc stock has also loss -0.76% of its value over the past 7 days. However, ZS stock has declined by -30.11% in the 3 months of the year. Over the past six months meanwhile, it has gained 4.61% and lost -22.82% year-on date.
The market cap for ZS stock reached $25.63 billion, with 147.17 million shares outstanding and 89.21 million shares in the current float. Compared to the average trading volume of 2.30M shares, ZS reached a trading volume of 3852774 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 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 $260.85 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 1.48. 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.
KeyBanc Capital Markets have made an estimate for Zscaler Inc shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on April 18, 2024. While these analysts kept the previous recommendation, Bernstein raised their target price to Outperform. The new note on the price target was released on January 18, 2024, representing the official price target for Zscaler Inc stock. On January 03, 2024, analysts increased their price target for ZS shares from 245 to 290.
The Average True Range (ATR) for Zscaler Inc is set at 6.00, with the Price to Sales ratio for ZS stock in the period of the last 12 months amounting to 13.52. The Price to Book ratio for the last quarter was 26.71, with the Price to Cash per share for the same quarter was set at 16.41. Price to Free Cash Flow for ZS in the course of the last twelve months was 51.18 with Quick ratio for the last quarter at 1.90.
ZS stock trade performance evaluation
Zscaler Inc [ZS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.76. With this latest performance, ZS shares dropped by -9.28% in over the last four-week period, additionally plugging by 4.61% over the last 6 months – not to mention a rise of 58.45% 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 36.80, with the RSI for the last a single of trading hit 36.29, and the three-weeks RSI is set at 37.23 for Zscaler Inc [ZS]. The present Moving Average for the last 50 days of trading for this stock 189.50, while it was recorded at 175.90 for the last single week of trading, and 187.70 for the last 200 days.
Zscaler Inc [ZS]: An insightful look at the core fundamentals
Zscaler Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.90 and a Current Ratio set at 1.90.
Earnings per share (EPS) analysis for Zscaler Inc [ZS] 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 ZS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Zscaler Inc go to 38.21%.
Zscaler Inc [ZS]: Institutional Ownership
The top three institutional holders of ZS 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 ZS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $174.35 billion in ZS stock with ownership which is approximately 5.8386%.
