Zoom Video Communications Inc [NASDAQ: ZM] jumped around 2.34 points on Thursday, while shares priced at $81.20 at the close of the session, up 2.97%.
Compared to the average trading volume of 3.36M shares, ZM reached a trading volume of 3958333 in the most recent trading day, which is why market watchdogs consider the stock to be active.
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What do top market gurus 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 $76.88 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 2.49. 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.
Wedbush have made an estimate for Zoom Video Communications Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on October 17, 2024. The new note on the price target was released on April 18, 2024, representing the official price target for Zoom Video Communications Inc stock. Previously, the target price had yet another raise to $70, while Jefferies analysts kept a Hold rating on ZM stock.
The Average True Range (ATR) for Zoom Video Communications Inc is set at 2.01, with the Price to Sales ratio for ZM stock in the period of the last 12 months amounting to 5.45. The Price to Book ratio for the last quarter was 2.93, with the Price to Cash per share for the same quarter was set at 24.46. Price to Free Cash Flow for ZM in the course of the last twelve months was 14.53 with Quick ratio for the last quarter at 4.45.
How has ZM stock performed recently?
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 -1.73. With this latest performance, ZM shares gained by 11.94% in over the last four-week period, additionally plugging by 30.09% over the last 6 months – not to mention a rise of 23.14% 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 60.50, with the RSI for the last a single of trading hit 58.05, and the three-weeks RSI is set at 61.80 for Zoom Video Communications Inc [ZM]. The present Moving Average for the last 50 days of trading for this stock 73.06, while it was recorded at 79.58 for the last single week of trading, and 65.10 for the last 200 days.
Zoom Video Communications Inc [ZM]: Deeper insight into the fundamentals
Zoom Video Communications Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 4.45 and a Current Ratio set at 4.45.
Earnings analysis for Zoom Video Communications Inc [ZM]
With the latest financial reports released by the company, Zoom Video Communications Inc posted 1.29/share EPS, while the average EPS was predicted by analysts to be reported at 1.08/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.21. 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 6.00%.
Insider trade positions for Zoom Video Communications Inc [ZM]
There are presently around $68.63%, or 71.69%% of ZM stock, in the hands of institutional investors. The top three institutional holders of ZM stocks are: VANGUARD GROUP INC with ownership of 23.78 million shares, which is approximately 7.704%. BLACKROCK INC., holding 15.53 million shares of the stock with an approximate value of $$919.33 million in ZM stocks shares; and BLACKROCK INC., currently with $$594.83 million in ZM stock with ownership which is approximately 3.2554%.
