Zscaler Inc [NASDAQ: ZS] loss -4.73% or -9.87 points to close at $198.64 with a heavy trading volume of 7973443 shares.
The daily chart for ZS points out that the company has recorded 17.44% gains over the past six months.
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If we look at the average trading volume of 1.91M shares, ZS reached to a volume of 7973443 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $224.47 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 1.73. 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.
BMO Capital Markets have made an estimate for Zscaler Inc shares, keeping their opinion on the stock as Outperform, with their previous recommendation back on Dec-04-24. While these analysts kept the previous recommendation, Exane BNP Paribas raised their target price to Neutral. The new note on the price target was released on October 08, 2024, representing the official price target for Zscaler Inc stock. Previously, the target price had yet another drop from $208 to $197, while BMO Capital Markets kept a Outperform rating on ZS stock.
The Average True Range (ATR) for Zscaler Inc is set at 6.73, with the Price to Sales ratio for ZS stock in the period of the last 12 months amounting to 13.26. The Price to Book ratio for the last quarter was 23.77, with the Price to Cash per share for the same quarter was set at 17.65. Price to Free Cash Flow for ZS in the course of the last twelve months was 45.74 with Quick ratio for the last quarter at 1.04.
Trading performance analysis for ZS stock
Zscaler Inc [ZS] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -5.60. With this latest performance, ZS shares gained by 8.79% in over the last four-week period, additionally plugging by 17.44% over the last 6 months – not to mention a rise of 0.31% 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 48.64, with the RSI for the last a single of trading hit 42.27, and the three-weeks RSI is set at 51.59 for Zscaler Inc [ZS]. The present Moving Average for the last 50 days of trading for this stock 190.67, while it was recorded at 205.80 for the last single week of trading, and 187.29 for the last 200 days.
Zscaler Inc [ZS]: A deeper dive into fundamental analysis
Zscaler Inc’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.04 and a Current Ratio set at 1.09.
Zscaler Inc [ZS]: An earnings per share (EPS) analysis
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 18.50%.
An analysis of Institutional ownership at Zscaler Inc [ZS]
There are presently around $52.38%, or 83.54%% of ZS stock, in the hands of institutional investors. The top three institutional holders of ZS stocks are: VANGUARD GROUP INC with ownership of 9.31 million shares, which is approximately 6.1937%. BLACKROCK INC., holding 6.93 million shares of the stock with an approximate value of $$1.33 billion in ZS stocks shares; and BLACKROCK INC., currently with $$523.01 million in ZS stock with ownership which is approximately 1.8107%.
