Zscaler Inc (NASDAQ: ZS) on Monday, plunged -3.62% from the previous trading day, before settling in for the closing price of $181.41. Within the past 52 weeks, ZS’s price has moved between $84.93 and $259.61.
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It was noted that within the last five years, the titan of the Technology sector saw sales topped by 53.60%. The company achieved an average annual earnings per share of 54.58%. With a float of $89.21 million, this company’s outstanding shares have now reached $147.17 million.
The extent of productivity of a business whose workforce counts for 5962 workers is very important to gauge.
Zscaler Inc (ZS) Insider Updates
Observing investor behavior towards Software – Infrastructure industry stocks is more important than anything else. The insider ownership of Zscaler Inc is 40.47%, 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
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
Zscaler Inc (ZS) is currently performing well based on its current performance indicators. A quick ratio of 1.90 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 13.82. Likewise, its price to free cash flow for the trailing twelve months is 52.33.
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)
The latest stats from [Zscaler Inc, ZS] show that its last 5-days average volume of 1.59 million was inferior to 2.3 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 15.48%. Additionally, its Average True Range was 6.06.
During the past 100 days, Zscaler Inc’s (ZS) raw stochastic average was set at 1.29%, which indicates a significant decrease from 4.62% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 24.64% in the past 14 days, which was lower than the 43.01% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $212.58, while its 200-day Moving Average is $185.41. Now, the first resistance to watch is $179.82. This is followed by the second major resistance level at $184.79. The third major resistance level sits at $187.83. If the price goes on to break the first support level at $171.81, it is likely to go to the next support level at $168.77. Assuming the price breaks the second support level, the third support level stands at $163.80.
Zscaler Inc (NASDAQ: ZS) Key Stats
Market capitalization of the company is 26.20 billion based on 149,858K outstanding shares. Right now, sales total 1,617 M and income totals -202,340 K. The company made 525,000 K in profit during its latest quarter, and -28,470 K in sales during its previous quarter.
