Zoom Video Communications Inc (NASDAQ: ZM) is -7.25% lower on its value in year-to-date trading and has touched a low of $55.06 and a high of $74.77 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 $66.59 in the last trading session, with the day’s gains setting it 0.11%.
Currently trading at $66.70, the stock is 3.15% and 9.67% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.35 million and changing 0.17% at the moment leaves the stock 4.11% off its SMA200. ZM registered -7.44% loss for a year compared to 6-month loss of -4.28%.
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The stock witnessed a 18.30% gain in the last 1 month and extending the period to 3 months gives it a 5.94%, and is -3.09% 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 2.11% over the week and 2.76% over the month.
Zoom Video Communications Inc (ZM) has around 7420 employees, a market worth around $20.53B and $4.59B in sales. Current P/E ratio is 23.89 and Fwd P/E is 12.60. Profit margin for the company is 19.08%. Distance from 52-week low is 21.14% and -10.79% from its 52-week high. The company has generated returns on investments over the last 12 months (10.22%).
The EPS is expected to grow by 2.33% this year.
Zoom Video Communications Inc (ZM) Top Institutional Holders
974.0 institutions hold shares in Zoom Video Communications Inc (ZM), with institutional investors hold 75.13% of the company’s shares. The shares outstanding are 307.79M, and float is at 261.54M with Short Float at 3.16%. Institutions hold 68.50% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 23.78 million shares valued at $1.41 billion. The investor’s holdings represent 7.704% of the ZM Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 15.53 million shares valued at $919.33 million to account for 5.0314 of the shares outstanding. The other top investors are FMR LLC which holds 10.05 million shares representing 3.2554% and valued at over $594.83 million, while STATE STREET CORP holds 1.9345 of the shares totaling 5.97 million with a market value of $353.47 million.
Zoom Video Communications Inc (ZM) Insider Activity
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Still, SEC filings show that on Sep 10 ’24, Aparna Bawa (Affiliate) Proposed Sale 831 shares at an average price of $66.59 for $55336.0. The insider now directly holds shares of Zoom Video Communications Inc (ZM).
