Zoom Video Communications Inc. (NASDAQ:ZM) saw a downside of -1.62% to close Tuesday at $67.55 after subtracting -$1.11 on the day. The 5-day average trading volume is 2,823,680 shares of the company’s common stock. It has gained $71.52 in the past week and touched a new high 1 time within the past 5 days. An average of 3,286,295 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 3,574,230.
ZM’s 1-month performance is -0.10% or $1.88 on its low of $64.60 reached on 07/10/23. The company’s shares have touched a 52-week low of $60.45 and high of $119.82, with the stock’s rally to the 52-week high happening on 02/07/23. YTD, ZM has lost -0.28% or -$0.19 and has reached a new high 9 times. However, the current price is down -43.62% from the 52-week high price.
Insider Transactions
ZM stock investors last saw insider trading activity on Aug 07.Subotovsky Santiago (Director) most recently sold 2,067 shares at $68.58 per share on Aug 07. This transaction cost the insider $141,746. Chief Financial Officer, Steckelberg Kelly, sold 10,960 shares at a price of $73.61 on Jul 28. Then, on Jul 19, Director Chadwick Jonathan sold 5,000 shares at a price of $75.00 per share. This transaction amounted to $375,000.
Valuation Metrics
ZM stock has a beta of -0.20. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 4.60 while the price-to-book (PB) in the most recent quarter is 3.06, with the price to cash flow ratio at 18.94.
Zoom Video Communications Inc.’s quick ratio for the recent period was 3.60, with the current ratio over the same period at 3.60.. In terms of profitability, the gross margin trailing 12 months is 75.20%. The trailing 12-month EBITDA margin is 14.02%. The firm’s gross profit as reported stood at $3.29 billion against revenue of $4.39 billion.
Earnings Surprise
Zoom Video Communications Inc.’s cash and short-term investments amounted to $4.57 billion against total debt of $91.13 million. Net income and sales went down compared to those figures reported in the previous quarter. Net income shrunk -636.01% to $15.44 million, while revenue of $1.17 billion was -7460.36% off the previous quarter. EBITDA for the quarter stood at more than $100.28 million. ZM stock balance sheet for the recent quarter shows that total liabilities totaled 2.01 billion, with total debt at $91.13 million. Shareholders hold equity totaling $297.55 million.
Let’s look briefly at Zoom Video Communications Inc. (ZM) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 08 August was 34.96% to suggest the stock is trending Neutral, with historical volatility in this time period at 25.52%.
The stock’s 5-day moving average is $69.01, reflecting a -7.35% or -$5.36 change from its current price. ZM is currently trading -3.14% above its 20-day SMA, -4.90% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 by +3.73% and SMA200 by-11.50%.
Stochastic %K and %D was 14.20% and 14.92% and the average true range (ATR) pointed at 2.23. The RSI (14) points at 41.97%, while the 14-day stochastic is at 20.81% with the period’s ATR at 2.26. The stock’s 9-day MACD Oscillator is pointing at -2.33 and -2.12 on the 14-day charts.
Analyst Ratings
In the most recent analyst report for Zoom Video Communications Inc. (NASDAQ: ZM), MoffettNathanson upgraded it to a Market perform rating. They previously had an Underperform rating on the stock. Analysts offering their rating for ZM stock have a consensus rating for the stock as Hold. Currently, 1 brokerage advisors rate ZM as a “sell,”, while 26 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 1 rates the stock as overweight while 6 have offered a “buy” rating.
What is ZM’s price target for the next 12 months?
Analysts have a consensus price target ranging from a low of $65.00 and a high of $105.00, with their median price target at $80.00. Looking at these predictions, the average price target given by analysts is for Zoom Video Communications Inc. (ZM) stock is $82.84.
