A new trading day began on Monday, with Zoom Video Communications Inc (NASDAQ: ZM) stock price up 3.67% from the previous day of trading, before settling in for the closing price of $85.88. ZM’s price has ranged from $55.06 to $87.15 over the past 52 weeks.
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Annual sales at Technology sector company grew by 95.81% over the past five years. Meanwhile, its annual earnings per share averaged -15.87%. With a float of $261.53 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
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 15.03%, while institutional ownership is 57.39%. 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
In its latest quarterly report, released on 10/31/2024, the company reported earnings of 1.42 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 1.3 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -15.87% 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 6.32. Likewise, its price to free cash flow for the trailing twelve months is 16.84.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.79, a number that is poised to hit 1.28 in the next quarter and is forecasted to reach 4.62 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 6.64 million, a positive change from its year-to-date volume of 3.31 million. As of the previous 9 days, the stock’s Stochastic %D was 66.88%. Additionally, its Average True Range was 2.54.
During the past 100 days, Zoom Video Communications Inc’s (ZM) raw stochastic average was set at 90.01%, which indicates a significant increase from 75.37% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 41.88% in the past 14 days, which was higher than the 33.44% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $73.85, while its 200-day Moving Average is $65.32. Nevertheless, the first resistance level for the watch stands at $91.82 in the near term. At $94.60, the stock is likely to face the second major resistance level. The third major resistance level sits at $96.40. If the price goes on to break the first support level at $87.23, it is likely to go to the next support level at $85.43. The third support level lies at $82.64 if the price breaches the second support level.
Zoom Video Communications Inc (NASDAQ: ZM) Key Stats
With a market capitalization of 28.98 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.
