Zoom Video Communications Inc (NASDAQ: ZM) is 15.99% higher on its value in year-to-date trading and has touched a low of $55.06 and a high of $92.80 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 $89.03 in the last trading session, with the day’s loss setting it -5.62%.
Currently trading at $83.41, the stock is 3.26% and 12.47% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 12.85 million and changing -6.31% at the moment leaves the stock 27.50% off its SMA200. ZM registered 27.25% gain for a year compared to 6-month gain of 35.94%. The firm has a 50-day simple moving average (SMA 50) of $73.8538 and a 200-day simple moving average (SMA200) of $65.322624.
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The stock witnessed a 12.95% loss in the last 1 month and extending the period to 3 months gives it a 17.99%, and is 7.28% 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 4.15% over the week and 2.92% over the month.
Zoom Video Communications Inc (ZM) has around 7420 employees, a market worth around $25.67B and $4.63B in sales. Current P/E ratio is 27.83 and Fwd P/E is 18.07. Profit margin for the company is 20.34%. Distance from 52-week low is 51.49% and -10.12% from its 52-week high. The company has generated returns on investments over the last 12 months (10.80%).
with sales reaching $1.18B over the same period.The EPS is expected to shrink by -15.87% this year, but quarterly earnings will post 2.93% year-over-year. Quarterly sales are estimated to grow 2.83% in year-over-year returns.
Zoom Video Communications Inc (ZM) Top Institutional Holders
986.0 institutions hold shares in Zoom Video Communications Inc (ZM), with institutional investors hold 71.83% of the company’s shares. The shares outstanding are 307.79M, and float is at 261.53M with Short Float at 3.48%. Institutions hold 68.76% 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 Yuan Eric S., the company’s Chief Executive Officer. SEC filings show that Yuan Eric S. sold 178,571 shares of the company’s common stock on Nov 05 ’24 at a price of $76.91 per share for a total of $13.73 million. Following the sale, the insider now owns 0.0 shares.
Zoom Video Communications Inc disclosed in a document filed with the SEC on Nov 06 ’24 that Yuan Eric S. (Chief Executive Officer) sold a total of 83,333 shares of the company’s common stock. The trade occurred on Nov 06 ’24 and was made at $79.65 per share for $6.64 million. Following the transaction, the insider now directly holds 0.0 shares of the ZM stock.
Still, SEC filings show that on Nov 05 ’24, Eric S. Yuan (Other: Chief Executive Officer) Proposed Sale 285,714 shares at an average price of $77.75 for $22.21 million. The insider now directly holds shares of Zoom Video Communications Inc (ZM).
