As of Thursday close, Zscaler Inc.’s (NASDAQ:ZS) stock was down -$5.44, moving down -3.53 percent to $148.79. The average number of shares traded per day over the past five days has been 1,495,900 shares. 1 time new highs have been achieved over the past 5 days, with a -$10.44 fall in that time frame. In the last twenty days, the average volume was 1,998,265, while in the previous 50 days, it was 2,062,588.
Since last month, ZS stock rose 4.86%. Shares of the company fell to $139.20 on 08/25/23, the lowest level in the past month. A 52-week high of $185.99 was reached on 09/11/23 after having rallying from a 52-week low of $84.93. Since the beginning of this year, ZS’s stock price has risen by 32.97% or $36.89, and marked a new high 20 times. However, the stock has declined by -20.00% since its 52-week high.
ZS stock investors should be aware that Zscaler Inc. (ZS) stock had its last reported insider trading activity 3 days ago on Sep 19. Schlossman Robert, the Chief Legal Officer of the company, disposed of 1,109 shares for $153.90 on Sep 19. It resulted in a $170,675 divestment by the insider. CANESSA REMO sold 18,693 shares at an average price of $154.28 on Sep 18. The insider now owns 253,872 shares following the transaction. On Sep 18, Chief Operating Officer Rajic Dali sold 14,953 shares at $154.45 apiece. The transaction was valued at $2,309,446.
Valuation Metrics
The stock’s beta is 0.85. Besides these, the trailing price-to-sales (P/S) ratio of 13.69, the price-to-book (PB) ratio of 35.94, and the price-to-cash flow ratio of 79.97 may also be considered.
Financial Health
In the three months ended July 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 July 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 77.60% percent. In the year ended July 30, operating margins totaled -18.80%. Based on annual data, ZS earned $1.25 billion in gross profit and brought in $1.62 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 -60.80%.
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 18.05% to $418.8 million during the quarter, while net income inched up to $454.17 million. While analysts expected Zscaler Inc. to report $0.49 quarterly earnings, the actual figure was $0.64 per share, beating the consensus estimate by 30.60%. During the quarter, the company generated $2.74 million in EBITDA. The liabilities of Zscaler Inc. were 2.88 billion at the end of its most recent quarter ended July 30, and its total debt was $1.22 billion. The value of shareholders’ equity is $147.17 million.
Technical Picture
This quick technical analysis looks at Zscaler Inc.’s (ZS) price momentum. With a historical volatility rate of 36.45%, the RSI 9-day stood at 37.35% on 21 September.
With respect to its five-day moving average, the current Zscaler Inc. price is down by -6.56% percent or -$10.44. At present, ZS shares trade +2.28% above its 20-day simple moving average and +65.14% percent above its 100-day simple moving average. However, the stock is currently trading approximately +8.07% above its SMA50 and +15.35% above its SMA200.
Stochastic coefficient K was 27.57% and Stochastic coefficient D was 41.77%, while ATR was 5.08. Given the Stochastic reading of 5.89% for the 14-day period, the RSI (14) reading has been calculated as 44.59%. As of today, the MACD Oscillator reading stands at -4.18, while the 14-day reading stands at -5.38.
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 13 firms recommend it is a Hold. There are 0 analysts who say the stock is underweight. A total of 1 analyst rate Zscaler Inc. stock as buy, with 26 recommending it as overweight.
With a median target price of $185.00, the current consensus forecast for the stock is $135.00 – $225.00. Based on these forecasts, analysts predict Zscaler Inc. (ZS) will achieve an average price target of $181.44.
