Zoom Video Communications Inc (NASDAQ: ZM) kicked off on Tuesday, up 0.07% from the previous trading day, before settling in for the closing price of $72.17. Over the past 52 weeks, ZM has traded in a range of $55.06-$74.77.
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Annual sales at Technology sector company grew by 95.81% over the past five years. While this was happening, its average annual earnings per share was recorded 2.35%. With a float of $261.50 million, this company’s outstanding shares have now reached $307.79 million.
Let’s look at the performance matrix of the company that is accounted for 7420 employees. In terms of profitability, gross margin is 74.56%, operating margin of 17.8%, and the pretax margin is 24.49%.
Zoom Video Communications Inc (ZM) Insider and Institutional Ownership
Our next focus will be how large-scale investors are participating in this stock of the Software – Application Industry. The insider ownership of Zoom Video Communications Inc is 15.04%, while institutional ownership is 59.39%. The most recent insider transaction that took place on Oct 21 ’24, was worth 15,465,454. Before that another transaction happened on Oct 14 ’24, when Company’s Director sold 12,500 for $68.36, making the entire transaction worth $854,507. This insider now owns 1,514 shares in total.
Zoom Video Communications Inc (ZM) Latest Financial update
In the latest quarterly report, which was put into the public domain on 7/31/2024, the organization reported 1.29 earnings per share (EPS), higher than consensus estimate (set at 1.09) by 0.2. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.29 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 2.35% per share during the next fiscal year.
Zoom Video Communications Inc (NASDAQ: ZM) Trading Performance Indicators
Take a look at Zoom Video Communications Inc’s (ZM) current performance indicators. Last quarter, stock had a quick ratio of 4.45. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 4.85. Likewise, its price to free cash flow for the trailing twelve months is 12.92.
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)
Zoom Video Communications Inc (NASDAQ: ZM) saw its 5-day average volume 2.17 million, a negative change from its year-to-date volume of 3.27 million. As of the previous 9 days, the stock’s Stochastic %D was 86.24%. Additionally, its Average True Range was 1.52.
During the past 100 days, Zoom Video Communications Inc’s (ZM) raw stochastic average was set at 95.02%, which indicates a significant increase from 85.59% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.27% in the past 14 days, which was lower than the 31.58% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $67.34, while its 200-day Moving Average is $63.88. Nevertheless, the first resistance level for the watch stands at $72.99 in the near term. At $73.76, the stock is likely to face the second major resistance level. The third major resistance level sits at $74.40. If the price goes on to break the first support level at $71.58, it is likely to go to the next support level at $70.94. The third support level lies at $70.17 if the price breaches the second support level.
Zoom Video Communications Inc (NASDAQ: ZM) Key Stats
The company with the Market Capitalisation of 22.23 billion has total of 309,277K Shares Outstanding. Its annual sales at the moment are 4,527 M in contrast with the sum of 637,460 K annual income. Company’s last quarter sales were recorded 1,163 M and last quarter income was 219,020 K.
