Zscaler Inc. (NASDAQ:ZS) finished Wednesday with an addition of $8.92 to close at $286.64, an upside of 3.21 percent. An average of 1,602,480 shares of common stock have been traded in the last five days. There was a gain of $22.39 in the past week. The last 20 days have seen an average of 1,878,335 shares traded, while the 50-day average volume stands at 1,699,792.
ZS stock has increased by 3.93% in the last month. The company shares reached their 1-month lowest point of $248.33 on 10/04/21. With the stock rallying to its 52-week high on 09/07/21, shares of the company touched a low of $120.34 and a high of $293.44 in 52 weeks. In spite of this, the price is down -2.32% from the 52-week high.
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3 days have passed since Zscaler Inc. (ZS) last reported insider trading activity. BLASING KAREN, who is Director, most recently acquired $2,000 shares at $267.99 per share on Oct 11. In this transaction, the insider spent $535,979. Chief Financial Officer, CANESSA REMO, disposed of 20,000 shares at a price of $263.03 on Oct 06. The insider now owns more than $5,260,542 worth of shares. Prior to that, Pres Go-To-Mkt/ Chief Rev Ofcr Rajic Dali went on to Sale 20,000 shares at $262.00 each on Oct 06. An amount of $5,240,081 was transacted.
Zscaler Inc. (ZS) has a trailing price-to-earnings (P/E) ratio of 29.20 for the broader industry and 37.24 for the sector. The stock’s beta is 0.86. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 59.79, the price-to-book (PB) ratio at 74.65, and the price-to-cash flow ratio at 261.68.
The quick ratio of Zscaler Inc. for the three months ended July 30 was 2.60, and the current ratio was 2.60, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.73 and a total debt to equity ratio of 1.73 for the quarter ending July 30. On the profitability front, the trailing 12-month gross margin is 77.70% against a 5-year average of 78.8%. Zscaler Inc.’s EBITDA margin for the year ending July 30 is -16.25%, while its operating margin for the same period stands at -30.90%. Its gross profit as reported stood at $522.78 million compared to revenue of $673.1 million.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Zscaler Inc.’s return on assets was -12.90%, compared to -13.4% over the last five years. For the broader industry, ROE averaged 3.34 over the past year.
For the three-month period that ended July 30, Zscaler Inc. had $1.36 billion in cash. In the quarter under review, the net income was up than the previous quarter. The company posted a net income of $176.4 million in the quarter, while revenues of $157.04 million were grew 37.35%. The analyst consensus anticipated Zscaler Inc.’s latest quarter earnings to come in at $0.09 per share, but it turned out to be $0.14, a 55.60% surprise. For the quarter, EBITDA amounted to -$31.81 million. Shareholders own equity worth $138.74 million.
From a technical analysis perspective, let’s take a brief look at Zscaler Inc. (ZS) price momentum. RSI 9-day as of the close on 13 October was 69.19%, suggesting the stock is Neutral, with historical volatility in this time frame at 51.86%.
As of today, ZS’s price is $273.72 +8.47% or $22.39 from its 5-day moving average. ZS is currently trading +4.83% higher than its 20-day SMA and +68.53% higher than its 100-day SMA. However, the stock’s current price level is +17.92% above the SMA50 and +43.77% above the SMA200.
The stochastic %K and %D were 80.63% and 68.69%, respectively, and the average true range (ATR) was 9.40. With the 14-day stochastic at 96.64% and the average true range at 9.08, the RSI (14) stands at 64.18%. The stock has reached 9.98 on the 9-day MACD Oscillator while the 14-day reading was at 10.29.
Daiwa Securities launched coverage on Zscaler Inc. (NASDAQ: ZS) in its analyst report released on September 30, 2021. The firm assigned the stock a a Neutral rating.The consensus rating for Zscaler Inc. (ZS) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell ZS, while 9 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 17 others rate it as a “buy”.
What is ZS’s price target for the next 12 months?
Analysts predict a range of price targets between $266.00 and $345.00, with a median target of $320.00. Taking a look at these predictions, the average price target given by analysts for Zscaler Inc. (ZS) stock is $313.27.