Is Wall Street High Or Low On Zscaler Inc. (ZS)?

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Zscaler Inc. (NASDAQ:ZS) finished Wednesday with an addition of $0.29 to close at $107.86, an upside of 0.27 percent. An average of 1,820,600 shares of common stock have been traded in the last five days. There was a fall of -$5.68 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 3,132,010 shares traded, while the 50-day average volume stands at 2,470,950.

ZS stock has decreased by -21.11% in the last month. The company shares reached their 1-month lowest point of $105.74 on 12/28/22. With the stock rallying to its 52-week high on 01/03/22, shares of the company touched a low of $105.90 and a high of $332.05 in 52 weeks. It has reached a new high 1 time so far this year and lost -66.43% or -$213.47 in price. In spite of this, the price is down -67.52% from the 52-week high.


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Insider Transactions

ZS stock investors should be aware that Zscaler Inc. (ZS) stock had its last reported insider trading activity 13 days ago on Dec 23. In this transaction, the insider spent $144,043. Chief Operating Officer, Rajic Dali, disposed of 7,113 shares at a price of $114.14 on Dec 16. The insider now owns more than $811,866 worth of shares. Prior to that, Chief Legal Officer Schlossman Robert went on to Sale 5,081 shares at $114.14 each on Dec 16. An amount of $579,937 was transacted.

Valuation Metrics

Zscaler Inc. (ZS) stock’s beta is 0.89. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 12.86, the price-to-book (PB) ratio at 35.83, and the price-to-cash flow ratio at 58.11.

Financial Health

The quick ratio of Zscaler Inc. for the three months ended October 30 was 2.00, and the current ratio was 2.00, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 2.64 and a total debt to equity ratio of 2.64 for the quarter ending October 30. Its gross profit as reported stood at $848.66 million compared to revenue of $1.09 billion.

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 -13.90%.

Earnings Surprise

In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$68.16 million in the quarter, while revenues of -$129.99 million were grew 14.23%. The analyst consensus anticipated Zscaler Inc.’s latest quarter earnings to come in at $0.26 per share, but it turned out to be $0.29, a 11.50% surprise. For the quarter, EBITDA amounted to -$31.36 million. Shareholders own equity worth $144.21 million.

Technical Picture

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 28 December was 29.69%, suggesting the stock is oversold, with historical volatility in this time frame at 38.10%.

As of today, ZS’s price is $109.27 -5.00% or -$5.68 from its 5-day moving average. ZS is currently trading -20.01% lower than its 20-day SMA and -34.00% lower than its 100-day SMA. However, the stock’s current price level is -25.76% below the SMA50 and -43.09% below the SMA200.

The stochastic %K and %D were 8.83% and 9.54%, respectively, and the average true range (ATR) was 5.58. With the 14-day stochastic at 8.79% and the average true range at 6.31, the RSI (14) stands at 34.27%. The stock has reached -3.43 on the 9-day MACD Oscillator while the 14-day reading was at -6.82.

Analyst Ratings

Redburn launched coverage on Zscaler Inc. (NASDAQ: ZS) in its analyst report released on December 01, 2022. The firm assigned the stock a Neutral rating.

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