Zoom Video Communications Inc (NASDAQ: ZM) is 10.82% higher on its value in year-to-date trading and has touched a low of $55.06 and a high of $77.85 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The ZM stock was last observed hovering at around $77.75 in the last trading session, with the day’s gains setting it 1.94%.
Currently trading at $79.69, the stock is 9.38% and 13.77% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.86 million and changing 2.50% at the moment leaves the stock 24.08% off its SMA200. ZM registered 28.91% gain for a year compared to 6-month gain of 30.15%. The firm has a 50-day simple moving average (SMA 50) of $69.8876 and a 200-day simple moving average (SMA200) of $64.17632.
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The stock witnessed a 16.64% loss in the last 1 month and extending the period to 3 months gives it a 41.77%, and is 6.57% 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 2.14% over the week and 2.24% over the month.
Zoom Video Communications Inc (ZM) has around 7420 employees, a market worth around $24.53B and $4.59B in sales. Current P/E ratio is 28.55 and Fwd P/E is 17.27. Profit margin for the company is 19.08%. Distance from 52-week low is 44.73% and 2.36% from its 52-week high. The company has generated returns on investments over the last 12 months (10.22%).
The EPS is expected to shrink by -15.87% this year
966.0 institutions hold shares in Zoom Video Communications Inc (ZM), with institutional investors hold 70.12% of the company’s shares. The shares outstanding are 307.79M, and float is at 261.57M with Short Float at 3.32%. Institutions hold 67.14% 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
Zoom Video Communications Inc disclosed in a document filed with the SEC on Oct 29 ’24 that Chadwick Jonathan (Director) sold a total of 12,500 shares of the company’s common stock. The trade occurred on Oct 29 ’24 and was made at $75.04 per share for $0.94 million. Following the transaction, the insider now directly holds 1514.0 shares of the ZM stock.
Still, SEC filings show that on Oct 29 ’24, JONATHAN CHADWICK (Director) Proposed Sale 25,000 shares at an average price of $73.85 for $1.85 million. The insider now directly holds shares of Zoom Video Communications Inc (ZM).
