Zoom Stock – ZM) Is Down -0.60% – Is It Capable Of A Rally? – Stocks Register
Zoom Video Communications Inc. (NASDAQ:ZM) traded at $359.23 at close of the session on Friday, 07/23/21, made a downward move of -0.60% on its previous day’s price.
Looking at the stock we see that its previous close was $361.39 and the beta (5Y monthly) reads -1.48 with the day’s price range being $351.00 – $362.50. The company has a trailing 12-month PE ratio of 123.96. In terms of its 52-week price range, ZM has a high of $588.84 and a low of $230.00. The company’s stock has lost about -4.69% over that past 30 days.
Zoom Video Communications Inc. has a market cap of $106.48 billion and is expected to release its quarterly earnings report on Aug 30, 2021 – Sep 03, 2021. Estimates by analysts give the company expected earnings per share (EPS) of $1.16, with the EPS growth for the year raised at $4.68 for 2022 and $4.68 for next year.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $991.29 million, with a low of $986.6 million and a high of $1.01 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $4 billion, or 51.00% up from figures reported last year.
There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the ZM stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of Hold. Long term indicators on average place the stock in the category of Hold.
Based on estimates by 28 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 13 have rated the Zoom Video Communications Inc. (ZM) stock as a Hold, while 12 rate it as a Buy. 1 analyst(s) rate it as overweight while 1 of them rated it as underweight, whereas 1 suggest the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the ZM stock currently stands at 8.06, and the current price level is -4.45% off its SMA20 and 2.04% from its 50-day simple moving average. The RSI (14) is pointing at 45.99 while the volatility over the past week is 3.19% and jumps to 3.26% over the past one month. The average price target for the stock over the next 12 months is $412.63, with the estimates having a low of $242.00 and a high of $525.00. These price ends are 32.63% and -46.15% off the current price level respectively, although investors could be excited at the prospect of a -12.74% if the ZM share price touches on the median price of $405.00.
Coming back to Zoom Video Communications Inc. (NASDAQ:ZM), we note that the average 3-month trading volume was 3.07 million. Current shares outstanding are 293.80 million.
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The insiders hold 0.10% of the company’s shares while institutions hold 54.40%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 6.50% up in year-to-date price movement.