Zoom Communications Inc (NASDAQ: ZM) is -3.42% lower 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 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 $79.46 in the last trading session, with the day’s loss setting it -0.64%.
Currently trading at $78.82, the stock is -5.08% and -4.33% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.88 million and changing -0.81% at the moment leaves the stock 15.92% off its SMA200. ZM registered 15.61% gain for a year compared to 6-month gain of 36.89%. The firm has a 50-day simple moving average (SMA 50) of $82.319 and a 200-day simple moving average (SMA200) of $67.93413.
The stock witnessed a -5.98% loss in the last 1 month and extending the period to 3 months gives it a 11.25%, and is -4.69% 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 2.73% over the week and 2.63% over the month.
Zoom Communications Inc (ZM) has around 7420 employees, a market worth around $24.16B and $4.63B in sales. Current P/E ratio is 26.31 and Fwd P/E is 14.72. Profit margin for the company is 20.34%. Distance from 52-week low is 43.15% and -15.06% from its 52-week high. The company has generated returns on investments over the last 12 months (10.80%).
with sales reaching $1.19B over the same period.The EPS is expected to grow by 4.32% this year, but quarterly earnings will post 3.18% year-over-year. Quarterly sales are estimated to grow 3.80% in year-over-year returns.
Zoom Communications Inc (ZM) Top Institutional Holders
986.0 institutions hold shares in Zoom Communications Inc (ZM), with institutional investors hold 71.83% of the company’s shares. The shares outstanding are 306.50M, and float is at 261.49M with Short Float at 3.10%. 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 Communications Inc (ZM) Insider Activity
The most recent transaction is an insider sale by Sankarlingam Velchamy, the company’s Pres. of Engineering & Product. SEC filings show that Sankarlingam Velchamy sold 10,817 shares of the company’s common stock on Jan 10 ’25 at a price of $78.69 per share for a total of $0.85 million. Following the sale, the insider now owns 0.12 million shares.
Zoom Communications Inc disclosed in a document filed with the SEC on Jan 10 ’25 that Crehan Shane (Chief Accounting Officer) sold a total of 1,412 shares of the company’s common stock. The trade occurred on Jan 10 ’25 and was made at $78.69 per share for $0.11 million. Following the transaction, the insider now directly holds 5404.0 shares of the ZM stock.
Still, SEC filings show that on Jan 13 ’25, Eric S. Yuan (Other: Chief Executive Officer) Proposed Sale 534,697 shares at an average price of $78.82 for $42.14 million. The insider now directly holds shares of Zoom Communications Inc (ZM).
