Zscaler Inc (NASDAQ:ZS) traded with an addition of $5.42 to close at $156.34on Friday, an upside of 3.59 percent. An average of 1,123,316 shares of common stock have been traded in the last five days. There was a gain of $4.71 in the past week, and it reached a new high 5 times over the past 12 months. The last 20 days have seen an average of 1,968,664 shares traded, while the 50-day average volume stands at 1,836,494.
ZS stock has increased by 6.15% in the last month. The company shares reached their 1-month lowest point of $143.36 on 08/30/23. With the stock rallying to its 52-week high on 09/11/23, shares of the company touched a low of $84.93 and a high of $185.99 in 52 weeks. It has reached a new high 20 times so far this year and achieved 39.71% or $44.52 in price. In spite of this, the price is down -15.94% from the 52-week high.
Insider Transactions
ZS stock investors should be aware that Zscaler Inc (ZS) stock had its last reported insider trading activity 4 days ago on Sep 25. In this transaction, the insider spent $576,191. Chief Legal Officer, Schlossman Robert, disposed of 1,109 shares at a price of $153.90 on Sep 19. The insider now owns more than $170,675 worth of shares. Prior to that, Chief Financial Officer CANESSA REMO went on to Sale 18,693 shares at $154.28 each on Sep 18. An amount of $2,884,023 was transacted.
Valuation Metrics
Zscaler Inc (ZS) has a trailing price-to-earnings (P/E) ratio of N/A for the broader industry. The stock’s beta is 0.85. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 14.11, the price-to-book (PB) ratio at 31.73, and the price-to-cash flow ratio at 62.35.
Financial Health
The quick ratio of Zscaler Inc for the three months ended July 30 was 1.81, and the current ratio was 1.81, indicating that the company is able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.62 and a total debt to equity ratio of 1.67 for the quarter ending July 30. Its gross profit as reported stood at $1.25 billion compared to revenue of $1.62 billion.
Earnings Surprise
In the quarter under review, the net income was up than the previous quarter. The company posted a net income of -$30.67 million in the quarter, while revenues were shrunk -323.83%. The analyst consensus anticipated Zscaler Inc’s latest quarter earnings to come in at $0.49 per share, but it turned out to be $0.64, a 30.60% surprise. For the quarter, EBITDA amounted to $2.74 million. Shareholders own equity worth $147.17 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 September was 58.60%, suggesting the stock is Neutral, with historical volatility in this time frame at 33.97%.
As of today, ZS’s price is $150.64 +3.10% or $4.71 from its 5-day moving average. ZS is currently trading +0.24% higher than its 20-day SMA and +44.94% higher than its 100-day SMA. However, the stock’s current price level is +5.76% above the SMA50 and +29.02% above the SMA200.
The stochastic %K and %D were 28.56% and 16.78%, respectively, and the average true range (ATR) was 5.42. With the 14-day stochastic at 54.07% and the average true range at 5.47, the RSI (14) stands at 55.73%. The stock has reached 0.63 on the 9-day MACD Oscillator while the 14-day reading was at -1.62.
Analyst Ratings
BTIG Research upgraded Zscaler Inc (NASDAQ: ZS) to a a Buy rating in its most recent analyst report. Previously, the stock was rated as a Neutral. 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 11 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 1 analysts, while 26 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 $155.00 and $225.00, with a median target of $185.00. Taking a look at these predictions, the average price target given by analysts for Zscaler Inc (ZS) stock is $183.47.
