Zoom Communications Inc (NASDAQ: ZM) is -3.76% 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 $78.07 in the last trading session, with the day’s gains setting it 0.47%.
Currently trading at $78.54, the stock is -3.92% and -5.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.47 million and changing 0.60% at the moment leaves the stock 14.90% off its SMA200. ZM registered 16.67% gain for a year compared to 6-month gain of 33.41%. The firm has a 50-day simple moving average (SMA 50) of $82.7116 and a 200-day simple moving average (SMA200) of $68.278824.
The stock witnessed a -7.16% loss in the last 1 month and extending the period to 3 months gives it a 11.88%, and is -0.36% 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 2.08% over the week and 2.43% over the month.
Zoom Communications Inc (ZM) has around 7420 employees, a market worth around $24.07B and $4.63B in sales. Current P/E ratio is 26.22 and Fwd P/E is 17.02. Profit margin for the company is 20.34%. Distance from 52-week low is 42.64% and -15.37% 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 shrink by -15.87% 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 261.48M 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 Chadwick Jonathan, the company’s Director. SEC filings show that Chadwick Jonathan sold 25,000 shares of the company’s common stock on Jan 15 ’25 at a price of $80.33 per share for a total of $2.01 million. Following the sale, the insider now owns 1514.0 shares.
Zoom Communications Inc disclosed in a document filed with the SEC on Jan 14 ’25 that Bawa Aparna (Chief Operating Officer) sold a total of 12,075 shares of the company’s common stock. The trade occurred on Jan 14 ’25 and was made at $79.15 per share for $0.96 million. Following the transaction, the insider now directly holds 1978.0 shares of the ZM stock.
Still, SEC filings show that on Jan 13 ’25, Yuan Eric S. (Chief Executive Officer) disposed off 118,036 shares at an average price of $79.03 for $9.33 million. The insider now directly holds 0 shares of Zoom Communications Inc (ZM).
