Zoom Video Communications Inc (NASDAQ: ZM) is -7.54% lower on its value in year-to-date trading and has touched a low of $58.87 and a high of $75.90 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The ZM stock was last observed hovering at around $69.71 in the last trading session, with the day’s loss setting it -3.22%.
Currently trading at $66.49, the stock is 2.32% and -1.28% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 4.87 million and changing -4.62% at the moment leaves the stock -1.50% off its SMA200. ZM registered -6.10% loss for a year compared to 6-month loss of -7.29%. The firm has a 50-day simple moving average (SMA 50) of $3.00 and a 200-day simple moving average (SMA200) of $21.53.
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The stock witnessed a 3.45% gain in the last 1 month and extending the period to 3 months gives it a -5.41%, and is -2.46% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.21% over the week and 2.56% over the month.
Zoom Video Communications Inc (ZM) has around 7420 employees, a market worth around $20.24B and $4.53B in sales. Current P/E ratio is 32.37 and Fwd P/E is 13.22. Profit margin for the company is 14.08%. Distance from 52-week low is 12.94% and -12.40% from its 52-week high. The company has generated returns on investments over the last 12 months (7.90%).
Zoom Video Communications Inc quarterly earnings per share for the current quarter are estimated at $1.2 with sales reaching $1.13B over the same period.The EPS is expected to shrink by -5.03% this year, but quarterly earnings will post 2.00% year-over-year.
Zoom Video Communications Inc (ZM) Top Institutional Holders
1,009 institutions hold shares in Zoom Video Communications Inc (ZM), with institutional investors hold 77.56% of the company’s shares. The shares outstanding are 260.90M, and float is at 229.97M with Short Float at 5.53%. Institutions hold 70.61% of the Float.
The top institutional shareholder in the company is Vanguard Group Inc with over 21.7 million shares valued at $1.47 billion. The investor’s holdings represent 46.49% of the ZM Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 13.42 million shares valued at $910.87 million to account for 28.76% of the shares outstanding. The other top investors are ARK Investment Management, LLC which holds 10.18 million shares representing 21.82% and valued at over $712.19 million, while Sumitomo Mitsui Trust Holdings, Inc. holds 13.83% of the shares totaling 6.45 million with a market value of $438.14 million.
Zoom Video Communications Inc (ZM) Insider Activity
A total of 30 insider transactions have happened at Zoom Video Communications Inc (ZM) in the last six months, with sales accounting for 21 and purchases happening 9 times. The most recent transaction is an insider sale by Subotovsky Santiago,the company’sDirector. SEC filings show that Subotovsky Santiago sold 2,067 shares of the company’s common stock on Feb 09 at a price of $65.88 per share for a total of $0.14 million. Following the sale, the insider now owns 0.16 million shares.
Zoom Video Communications Inc disclosed in a document filed with the SEC on Feb 06 that Yuan Eric S. (Chief Executive Officer) sold a total of 2,421 shares of the company’s common stock. The trade occurred on Feb 06 and was made at $63.63 per share for $0.15 million. Following the transaction, the insider now directly holds 87580.0 shares of the ZM stock.
Still, SEC filings show that on Feb 05, Yuan Eric S. (Chief Executive Officer) disposed off 2,421 shares at an average price of $63.69 for $0.15 million. The insider now directly holds 90,001 shares of Zoom Video Communications Inc (ZM).
