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Are we looking at the next big move in Zoom Video Communications Inc (ZM)?

Zoom Video Communications Inc (NASDAQ: ZM) is -20.90% lower on its value in year-to-date trading and has touched a low of $55.63 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 $57.40 in the last trading session, with the day’s loss setting it -0.52%.

Currently trading at $56.88, the stock is -3.42% and -6.75% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.95 million and changing -0.91% at the moment leaves the stock -12.10% off its SMA200. ZM registered -13.39% loss for a year compared to 6-month loss of -15.05%.

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The stock witnessed a -9.87% gain in the last 1 month and extending the period to 3 months gives it a -9.73%, and is -3.94% 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 1.70% over the week and 2.26% over the month.

Zoom Video Communications Inc (ZM) has around 7420 employees, a market worth around $17.59B and $4.56B in sales. Current P/E ratio is 21.15 and Fwd P/E is 12.32. Profit margin for the company is 18.37%. Distance from 52-week low is 2.25% and -25.06% from its 52-week high. The company has generated returns on investments over the last 12 months (10.05%).

The EPS is expected to shrink by -15.87% this year.

Zoom Video Communications Inc (ZM) Top Institutional Holders

The shares outstanding are 260.90M, and float is at 240.46M with Short Float at 4.11%.

Zoom Video Communications Inc (ZM) Insider Activity

The most recent transaction is an insider sale by Crehan Shane,the company’sChief Accounting Officer. SEC filings show that Crehan Shane sold 2,367 shares of the company’s common stock on Jul 09 ’24 at a price of $57.15 per share for a total of $0.14 million. Following the sale, the insider now owns 0.0 shares.

Zoom Video Communications Inc disclosed in a document filed with the SEC on Jul 08 ’24 that Crehan Shane (Chief Accounting Officer) sold a total of 2,493 shares of the company’s common stock. The trade occurred on Jul 08 ’24 and was made at $58.26 per share for $0.15 million. Following the transaction, the insider now directly holds 2367.0 shares of the ZM stock.

Still, SEC filings show that on Jun 26 ’24, Steckelberg Kelly (Chief Financial Officer) disposed off 5,007 shares at an average price of $57.59 for $0.29 million. The insider now directly holds 0 shares of Zoom Video Communications Inc (ZM).

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