Now that Zscaler Inc’s volume has hit 1.66 million, investors get a glimpse of its size.

A new trading day began on Tuesday, with Zscaler Inc (NASDAQ: ZS) stock price down -1.76% from the previous day of trading, before settling in for the closing price of $192.13. ZS’s price has ranged from $84.93 to $259.61 over the past 52 weeks.

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A company in the Technology sector has jumped its sales by 53.60% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 54.58%. With a float of $88.58 million, this company’s outstanding shares have now reached $147.17 million.

In an organization with 5962 employees, it is important to assess its efficiency.

Zscaler Inc (ZS) Insider Updates

As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Infrastructure Industry. The insider ownership of Zscaler Inc is 40.89%, while institutional ownership is 45.54%. The most recent insider transaction that took place on Mar 19 ’24, was worth 1,063,224. In this transaction Chief Legal Officer of this company sold 5,484 shares at a rate of $193.88, taking the stock ownership to the 118,494 shares. Before that another transaction happened on Mar 18 ’24, when Company’s Chief Financial Officer sold 7,707 for $193.15, making the entire transaction worth $1,488,579. This insider now owns 255,943 shares in total.

Zscaler Inc (ZS) Performance Highlights and Predictions

In its latest quarterly report, released on 1/30/2024, the company reported earnings of $0.76 per share, which was $0.1 higher than the consensus estimate of $0.26. In terms of return on equity, this company recorded -19.55% in contrast with 50.0% return on Investment (trailing twelve months). Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.68 per share during the current fiscal year.

According to the Wall Street analysts, stocks earnings will be around 54.58% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 38.21% during the next five years compared to -17.41% drop over the previous five years of trading.

Zscaler Inc (NASDAQ: ZS) Trading Performance Indicators

Here are Zscaler Inc’s current performance indicators. According to the last quarter’s results, the stock had a quick ratio of 1.90. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 14.92. Likewise, its price to free cash flow for the trailing twelve months is 56.49.

For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.94, a number that is poised to hit 0.66 in the next quarter and is forecasted to reach 3.29 in one year’s time.

Technical Analysis of Zscaler Inc (ZS)

Let’s dig in a bit further. During the last 5-days, its volume was 1.49 million. That was inferior than the volume of 2.39 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 18.74%. Additionally, its Average True Range was 7.01.

During the past 100 days, Zscaler Inc’s (ZS) raw stochastic average was set at 25.52%, which indicates a significant increase from 16.36% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 16.22% in the past 14 days, which was lower than the 43.76% volatility it showed in the past 100 days.

At the time of writing, stock’s 50-day Moving Average is $222.80, while its 200-day Moving Average is $183.78. However, in the short run, Zscaler Inc’s stock first resistance to watch stands at $190.62. Second resistance stands at $192.49. The third major resistance level sits at $194.97. If the price goes on to break the first support level at $186.27, it is likely to go to the next support level at $183.79. Assuming the price breaks the second support level, the third support level stands at $181.92.

Zscaler Inc (NASDAQ: ZS) Key Stats

With a market capitalization of 28.28 billion, the company has a total of 149,858K Shares Outstanding. Currently, annual sales are 1,617 M while annual income is -202,340 K. The company’s previous quarter sales were 525,000 K while its latest quarter income was -28,470 K.