At the last check on Thursday, Zscaler Inc.’s (NASDAQ:ZS) stock was up $7.25, moving up 4.92 percent to $154.53. The average number of shares traded per day over the past five days has been 1,077,241 shares. 4 times new highs have been achieved over the past 5 days, with a $14.29 gain in that time frame. In the last twenty days, the average volume was 1,488,865, while in the previous 50 days, it was 2,036,882.
Since last month, ZS stock rose 2.65%. Shares of the company fell to $131.59 on 08/18/23, the lowest level in the past month. A 52-week high of $194.21 was reached on 08/01/23 after having rallying from a 52-week low of $84.93. Since the beginning of this year, ZS’s stock price has risen by 38.10% or $42.13, and marked a new high 18 times. However, the stock has declined by -20.43% since its 52-week high.
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ZS stock investors should be aware that Zscaler Inc. (ZS) stock had its last reported insider trading activity 10 days ago on Aug 21. CANESSA REMO, the Chief Financial Officer of the company, disposed of 12,500 shares for $144.03 on Aug 21. It resulted in a $1,800,324 divestment by the insider. CANESSA REMO sold 12,500 shares at an average price of $144.85 on Aug 07. The insider now owns 285,065 shares following the transaction. On Aug 01, Chief Operating Officer Rajic Dali sold 22,000 shares at $157.41 apiece. The transaction was valued at $3,462,922.
Valuation Metrics
The stock’s beta is 0.86. Besides these, the trailing price-to-sales (P/S) ratio of 14.91, the price-to-book (PB) ratio of 37.33, and the price-to-cash flow ratio of 71.88 may also be considered.
Financial Health
In the three months ended April 30, Zscaler Inc.’s quick ratio stood at 2.00, while its current ratio was 2.00, showing that the company is able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending April 30 was 1.90, and the total debt-to-equity ratio was 1.90. On the profitability front, the trailing twelve-month gross margin is 77.80% percent. In the year ended April 30, EBITDA margin amounted to -16.85%, whereas operating margins totaled -18.40%. Based on annual data, ZS earned $848.66 million in gross profit and brought in $1.09 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was -21.70%. Return on equity (ROE) for the past 12 months was -50.50%.
According to the earnings report, the company had a higher net income in the recent quarter than it did in the previous quarter. ZS’s revenue rose 31.52% to $387.6 million during the quarter, while net income inched up to $418.8 million. While analysts expected Zscaler Inc. to report $0.42 quarterly earnings, the actual figure was $0.48 per share, beating the consensus estimate by 14.30%. During the quarter, the company generated -$11.95 million in EBITDA. The liabilities of Zscaler Inc. were 2.6 billion at the end of its most recent quarter ended April 30, and its total debt was $1.21 billion. The value of shareholders’ equity is $145.89 million.
Technical Picture
This quick technical analysis looks at Zscaler Inc.’s (ZS) price momentum. With a historical volatility rate of 50.25%, the RSI 9-day stood at 66.18% on 30 August.
With respect to its five-day moving average, the current Zscaler Inc. price is up by +10.22% percent or $14.29. At present, ZS shares trade +2.16% above its 20-day simple moving average and +46.76% percent above its 100-day simple moving average. However, the stock is currently trading approximately +6.33% above its SMA50 and +8.32% above its SMA200.
Stochastic coefficient K was 89.94% and Stochastic coefficient D was 79.12%, while ATR was 5.90. Given the Stochastic reading of 94.70% for the 14-day period, the RSI (14) reading has been calculated as 59.75%. As of today, the MACD Oscillator reading stands at 4.16, while the 14-day reading stands at 5.76.
Analyst Ratings
BTIG Research upgraded its rating on Zscaler Inc. (NASDAQ: ZS) to a Buy in a note to investors on July 25, 2023. The analysts firm previously had a Neutral rating on the stock.Zscaler Inc. (ZS) has been rated Overweight by analysts. According to 0 brokerage firms, ZS is a sell, and 12 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 2 analysts rate Zscaler Inc. stock as buy, with 27 recommending it as overweight.
With a median target price of $172.00, the current consensus forecast for the stock is $120.00 – $225.00. Based on these forecasts, analysts predict Zscaler Inc. (ZS) will achieve an average price target of $171.22.
