Zoom Video Communications Inc (NASDAQ: ZM) on Monday, soared 0.27% from the previous trading day, before settling in for the closing price of $69.55. Within the past 52 weeks, ZM’s price has moved between $55.06 and $74.77.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 95.81%. The company achieved an average annual earnings per share of 2.33%. With a float of $261.54 million, this company’s outstanding shares have now reached $307.79 million.
Considering the fact that the conglomerate employs 7420 people, you should pay attention to its efficiency factor.
Zoom Video Communications Inc (ZM) Insider Activity
Observing investor behavior towards Software – Application industry stocks is more important than anything else. The insider ownership of Zoom Video Communications Inc is 15.03%, while institutional ownership is 59.38%. The most recent insider transaction that took place on Sep 18 ’24, was worth 591,671. In this transaction Chief Financial Officer of this company sold 8,901 shares at a rate of $66.47, taking the stock ownership to the 0 shares. Before that another transaction happened on Sep 18 ’24, when Company’s Affiliate proposed sale 62,307 for $68.11, making the entire transaction worth $4,243,730.
Zoom Video Communications Inc (ZM) Earnings and Forecasts
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According to the Wall Street analysts, stocks earnings will be around 2.33% per share during the next fiscal year.
Zoom Video Communications Inc (NASDAQ: ZM) Trading Performance Indicators
Zoom Video Communications Inc (ZM) is currently performing well based on its current performance indicators. A quick ratio of 4.45 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 4.68. Likewise, its price to free cash flow for the trailing twelve months is 12.48.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.79, a number that is poised to hit 1.31 in the next quarter and is forecasted to reach 5.30 in one year’s time.
Technical Analysis of Zoom Video Communications Inc (ZM)
Compared to the last year’s volume of 3.33 million, its volume of 2.05 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 80.76%. Additionally, its Average True Range was 1.46.
During the past 100 days, Zoom Video Communications Inc’s (ZM) raw stochastic average was set at 84.86%, which indicates a significant decrease from 86.65% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 22.14% in the past 14 days, which was lower than the 30.88% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $63.74, while its 200-day Moving Average is $64.01. Nevertheless, the first resistance level for the watch stands at $70.28 in the near term. At $70.82, the stock is likely to face the second major resistance level. The third major resistance level sits at $71.31. If the price goes on to break the first support level at $69.25, it is likely to go to the next support level at $68.76. Should the price break the second support level, the third support level stands at $68.22.
Zoom Video Communications Inc (NASDAQ: ZM) Key Stats
Market capitalization of the company is 21.47 billion based on 309,277K outstanding shares. Right now, sales total 4,527 M and income totals 637,460 K. The company made 1,163 M in profit during its latest quarter, and 219,020 K in sales during its previous quarter.
