Zoom Video Communications Inc (NASDAQ: ZM) is -17.77% lower on its value in year-to-date trading and has touched a low of $55.06 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 $59.82 in the last trading session, with the day’s loss setting it -0.69%.
Currently trading at $59.13, the stock is 1.86% and 1.28% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.22 million and changing -1.15% at the moment leaves the stock -7.17% off its SMA200. ZM registered -10.80% loss for a year compared to 6-month loss of -3.57%.
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The stock witnessed a 0.84% gain in the last 1 month and extending the period to 3 months gives it a -7.74%, and is 4.38% up 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 1.79% over the week and 2.30% over the month.
Zoom Video Communications Inc (ZM) has around 7420 employees, a market worth around $18.29B and $4.56B in sales. Current P/E ratio is 21.99 and Fwd P/E is 11.56. Profit margin for the company is 18.37%. Distance from 52-week low is 7.39% and -22.10% from its 52-week high. The company has generated returns on investments over the last 12 months (10.05%).
with sales reaching $1.15B over the same period.The EPS is expected to shrink by -3.12% this year, but quarterly earnings will post 2.10% year-over-year.
Zoom Video Communications Inc (ZM) Top Institutional Holders
975.0 institutions hold shares in Zoom Video Communications Inc (ZM), with institutional investors hold 75.70% of the company’s shares. The shares outstanding are 309.25M, and float is at 262.48M with Short Float at 2.96%. Institutions hold 69.05% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 23.4 million shares valued at $1.53 billion. The investor’s holdings represent 7.5806 of the ZM Shares outstanding. As of 2024-03-31, the second largest holder is BLACKROCK INC. with 15.17 million shares valued at $991.95 million to account for 4.9156 of the shares outstanding. The other top investors are FMR LLC which holds 7.63 million shares representing 2.4732 and valued at over $499.09 million, while ARK INVESTMENT MANAGEMENT LLC holds 2.0507 of the shares totaling 6.33 million with a market value of $413.83 million.
Zoom Video Communications Inc (ZM) Insider Activity
The most recent transaction is an insider sale by Steckelberg Kelly, the company’s Chief Financial Officer. SEC filings show that Steckelberg Kelly sold 5,007 shares of the company’s common stock on Aug 07 ’24 at a price of $56.64 per share for a total of $0.28 million. Following the sale, the insider now owns 0.0 shares.
Zoom Video Communications Inc disclosed in a document filed with the SEC on Aug 06 ’24 that Yuan Eric S. (Chief Executive Officer) sold a total of 2,420 shares of the company’s common stock. The trade occurred on Aug 06 ’24 and was made at $56.13 per share for $0.14 million. Following the transaction, the insider now directly holds 87934.0 shares of the ZM stock.
Still, SEC filings show that on Aug 05 ’24, Yuan Eric S. (Chief Executive Officer) disposed off 2,420 shares at an average price of $56.12 for $0.14 million. The insider now directly holds 90,354 shares of Zoom Video Communications Inc (ZM).
