A new trading day began on Tuesday, with Zscaler Inc (NASDAQ: ZS) stock price up 1.52% from the previous day of trading, before settling in for the closing price of $187.00. ZS’s price has ranged from $152.60 to $259.61 over the past 52 weeks.
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Over the past five-year period, the growth rate of yearbook sales for the company of the Technology sector was 48.57%. Meanwhile, its annual earnings per share averaged -10.59%. With a float of $94.08 million, this company’s outstanding shares have now reached $152.49 million.
Considering the fact that the conglomerate employs 7348 people, you should pay attention to its efficiency factor. In terms of profitability, gross margin is 78.13%, operating margin of -5.74%, and the pretax margin is -1.35%.
Zscaler Inc (ZS) Insider Activity
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 38.31%, while institutional ownership is 46.97%. The most recent insider transaction that took place on Oct 09 ’24, was worth 260,740. In this transaction Chief Legal Officer of this company sold 1,435 shares at a rate of $181.70, taking the stock ownership to the 105,806 shares. Before that another transaction happened on Oct 09 ’24, when Company’s Officer proposed sale 1,435 for $176.93, making the entire transaction worth $253,895.
Zscaler Inc (ZS) Earnings and Forecasts
In its latest quarterly report, released on 7/31/2024, the company reported earnings of 0.67 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 0.69 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -10.59% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 18.50% during the next five years compared to -10.72% 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 1.04. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 13.35. Likewise, its price to free cash flow for the trailing twelve months is 49.49.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.39, a number that is poised to hit 0.63 in the next quarter and is forecasted to reach 3.49 in one year’s time.
Technical Analysis of Zscaler Inc (ZS)
Compared to the last year’s volume of 2.07 million, its volume of 1.06 million showed lagged in the last five days. As of the previous 9 days, the stock’s Stochastic %D was 45.98%. Additionally, its Average True Range was 5.24.
During the past 100 days, Zscaler Inc’s (ZS) raw stochastic average was set at 66.56%, which indicates a significant increase from 40.76% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 30.07% in the past 14 days, which was lower than the 46.48% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $180.53, while its 200-day Moving Average is $192.24. Nevertheless, the first resistance level for the watch stands at $191.85 in the near term. At $193.85, the stock is likely to face the second major resistance level. The third major resistance level sits at $197.26. If the price goes on to break the first support level at $186.44, it is likely to go to the next support level at $183.03. Should the price break the second support level, the third support level stands at $181.03.
Zscaler Inc (NASDAQ: ZS) Key Stats
With a market capitalization of 28.95 billion, the company has a total of 152,490K Shares Outstanding. Currently, annual sales are 2,168 M while annual income is -57,710 K. The company’s previous quarter sales were 592,870 K while its latest quarter income was -14,880 K.
