Market Analysts see Zuora Inc [ZUO] gaining to $10. Time to buy?

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Zuora Inc [NYSE: ZUO] surged by $0.54 during the normal trading session on while it closed the day at $9.96.

Zuora Inc stock has also gained 11.28% of its value over the past 7 days. However, ZUO stock has inclined by 7.79% in the 3 months of the year. Over the past six months meanwhile, it has gained 7.44% and gained 5.96% year-on date.

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The market cap for ZUO stock reached $1.51 billion, with 151.47 million shares outstanding and 139.57 million shares in the current float. Compared to the average trading volume of 1.28M shares, ZUO reached a trading volume of 40692099 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 Zuora Inc [ZUO]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZUO shares is $11.60 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ZUO stock is a recommendation set at 2.20. 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.

Craig Hallum have made an estimate for Zuora Inc shares, keeping their opinion on the stock as Hold, with their previous recommendation back on July 08, 2024. While these analysts kept the previous recommendation, Goldman raised their target price from $10 to $12. The new note on the price target was released on January 23, 2024, representing the official price target for Zuora Inc stock. Previously, the target price had yet another raise to $12, while Robert W. Baird analysts kept a Neutral rating on ZUO stock.

The Average True Range (ATR) for Zuora Inc is set at 0.29, with the Price to Sales ratio for ZUO stock in the period of the last 12 months amounting to 3.39. The Price to Book ratio for the last quarter was 7.86, with the Price to Cash per share for the same quarter was set at 3.59.

ZUO stock trade performance evaluation

Zuora Inc [ZUO] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 11.28. With this latest performance, ZUO shares gained by 13.96% in over the last four-week period, additionally plugging by 7.44% over the last 6 months – not to mention a rise of 20.73% 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 ZUO stock in for the last two-week period is set at 79.03, with the RSI for the last a single of trading hit 88.14, and the three-weeks RSI is set at 71.19 for Zuora Inc [ZUO]. The present Moving Average for the last 50 days of trading for this stock 8.73, while it was recorded at 9.29 for the last single week of trading, and 9.06 for the last 200 days.

Zuora Inc [ZUO]: An insightful look at the core fundamentals

Zuora Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.71 and a Current Ratio set at 2.71.

Earnings per share (EPS) analysis for Zuora Inc [ZUO] stock

With the latest financial reports released by the company, Zuora Inc posted 0.09/share EPS, while the average EPS was predicted by analysts to be reported at 0.05/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.04. 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 ZUO. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Zuora Inc go to 15.00%.

Zuora Inc [ZUO]: Institutional Ownership

There are presently around $81.03%, or 82.51%% of ZUO stock, in the hands of institutional investors. The top three institutional holders of ZUO stocks are: VANGUARD GROUP INC with ownership of 17.49 million shares, which is approximately 11.9274%. BLACKROCK INC., holding 13.12 million shares of the stock with an approximate value of $$130.24 million in ZUO stocks shares; and BLACKROCK INC., currently with $$65.09 million in ZUO stock with ownership which is approximately 4.4692%.