Zscaler Inc (NASDAQ: ZS) on Tuesday, soared 3.48% from the previous trading day, before settling in for the closing price of $170.97. Within the past 52 weeks, ZS’s price has moved between $84.93 and $259.61.
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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. 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.
In an organization with 5962 employees, it is important to assess its efficiency.
Zscaler Inc (ZS) Insider and Institutional Ownership
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 45.55%. 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) Latest Financial update
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 13.99. Likewise, its price to free cash flow for the trailing twelve months is 52.95.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.94, a number that is poised to hit 0.65 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 1.75 million. That was inferior than the volume of 2.26 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 28.42%. Additionally, its Average True Range was 5.79.
During the past 100 days, Zscaler Inc’s (ZS) raw stochastic average was set at 10.94%, which indicates a significant decrease from 46.35% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.56% in the past 14 days, which was lower than the 43.28% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $204.13, while its 200-day Moving Average is $186.25. However, in the short run, Zscaler Inc’s stock first resistance to watch stands at $179.71. Second resistance stands at $182.50. The third major resistance level sits at $186.75. If the price goes on to break the first support level at $172.67, it is likely to go to the next support level at $168.42. The third support level lies at $165.63 if the price breaches the second support level.
Zscaler Inc (NASDAQ: ZS) Key Stats
Market capitalization of the company is 26.51 billion based on 149,900K 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.
