Zoom Video Communications Inc (NASDAQ: ZM) is -4.99% 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 $68.16 in the last trading session, with the day’s gains setting it 0.16%.
Currently trading at $68.32, the stock is 0.43% and 5.46% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.5 million and changing 0.23% at the moment leaves the stock 6.90% off its SMA200. ZM registered 4.34% gain for a year compared to 6-month gain of 7.00%. The firm has a 50-day simple moving average (SMA 50) of $64.7838 and a 200-day simple moving average (SMA200) of $63.910927.
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The stock witnessed a 2.60% loss in the last 1 month and extending the period to 3 months gives it a 22.00%, and is -0.47% 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 1.76% over the week and 1.87% over the month.
Zoom Video Communications Inc (ZM) has around 7420 employees, a market worth around $21.03B and $4.59B in sales. Current P/E ratio is 24.47 and Fwd P/E is 12.89. Profit margin for the company is 19.08%. Distance from 52-week low is 24.08% and -8.63% from its 52-week high. The company has generated returns on investments over the last 12 months (10.22%).
with sales reaching $1.16B over the same period.The EPS is expected to grow by 2.33% this year, but quarterly earnings will post 2.50% year-over-year.
Zoom Video Communications Inc (ZM) Top Institutional Holders
967.0 institutions hold shares in Zoom Video Communications Inc (ZM), with institutional investors hold 71.64% of the company’s shares. The shares outstanding are 307.79M, and float is at 261.54M with Short Float at 3.53%. Institutions hold 68.59% 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
The most recent transaction is an insider sale by Crehan Shane, the company’s Chief Accounting Officer. SEC filings show that Crehan Shane sold 2,478 shares of the company’s common stock on Oct 07 ’24 at a price of $69.09 per share for a total of $0.17 million. Following the sale, the insider now owns 2383.0 shares.
Zoom Video Communications Inc disclosed in a document filed with the SEC on Oct 08 ’24 that Crehan Shane (Chief Accounting Officer) sold a total of 2,383 shares of the company’s common stock. The trade occurred on Oct 08 ’24 and was made at $68.30 per share for $0.16 million. Following the transaction, the insider now directly holds 0.0 shares of the ZM stock.
Still, SEC filings show that on Oct 08 ’24, SHANE CREHAN (Officer) Proposed Sale 2,383 shares at an average price of $68.30 for $0.16 million. The insider now directly holds shares of Zoom Video Communications Inc (ZM).
