A new trading day began on Monday, with Zoom Video Communications Inc (NASDAQ: ZM) stock price down -2.72% from the previous day of trading, before settling in for the closing price of $81.14. ZM’s price has ranged from $55.06 to $87.15 over the past 52 weeks.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Technology sector has jumped its sales by 95.81% annually for the last half of the decade. Meanwhile, its annual earnings per share averaged 2.32%. With a float of $261.56 million, this company’s outstanding shares have now reached $307.79 million.
In an organization with 7420 employees, it is important to assess its efficiency. 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
As we move forward, let’s examine how large-scale investors are investing in this stock of the Software – Application Industry. The insider ownership of Zoom Video Communications Inc is 15.02%, while institutional ownership is 57.45%. The most recent insider transaction that took place on Nov 05 ’24, was worth 13,734,554. In this transaction Chief Executive Officer of this company sold 178,571 shares at a rate of $76.91, taking the stock ownership to the 0 shares. Before that another transaction happened on Nov 06 ’24, when Company’s Chief Executive Officer sold 83,333 for $79.65, making the entire transaction worth $6,637,131. This insider now owns 0 shares in total.
Zoom Video Communications Inc (ZM) Latest Financial update
According to the Wall Street analysts, stocks earnings will be around 2.32% per share during the next fiscal year.
Zoom Video Communications Inc (NASDAQ: ZM) Trading Performance Indicators
Here are Zoom Video Communications Inc’s current performance indicators. According to the last quarter’s results, the 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 5.20. Likewise, its price to free cash flow for the trailing twelve months is 13.86.
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)
Let’s dig in a bit further. During the last 5-days, its volume was 3.2 million. That was inferior than the volume of 3.23 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 40.08%. Additionally, its Average True Range was 2.02.
During the past 100 days, Zoom Video Communications Inc’s (ZM) raw stochastic average was set at 74.40%, which indicates a significant increase from 34.93% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 34.04% in the past 14 days, which was higher than the 31.75% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $72.31, while its 200-day Moving Average is $64.86. However, in the short run, Zoom Video Communications Inc’s stock first resistance to watch stands at $80.47. Second resistance stands at $82.00. The third major resistance level sits at $82.80. If the price goes on to break the first support level at $78.14, it is likely to go to the next support level at $77.34. The third support level lies at $75.81 if the price breaches the second support level.
Zoom Video Communications Inc (NASDAQ: ZM) Key Stats
With a market capitalization of 23.86 billion, the company has a total of 307,789K Shares Outstanding. Currently, annual sales are 4,527 M while annual income is 637,460 K. The company’s previous quarter sales were 1,163 M while its latest quarter income was 219,020 K.
