It is Poised to be a Bull Market for Zoom Video Communications Inc (ZM)

With 5.78 million shares changed hands, the volume of the stock remained heavier than its average volume of 4.07 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $71.29 whereas the lowest price it dropped to was $69.07. The 52-week range on ZM shows that it touched its highest point at $75.90 and its lowest point at $58.87 during that stretch. It currently has a 1-year price target of $78.84. Beta for the stock currently stands at -0.07.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ZM was up-trending over the past week, with a rise of 13.86%, but this was up by 5.28% over a month. Three-month performance surged to 4.74% while six-month performance rose 2.79%. The stock lost -5.17% in the past year, while it has lost -1.64% so far this year. A look at the trailing 12-month EPS for ZM yields 2.05 with Next year EPS estimates of 4.62. For the next quarter, that number is 1.20. This implies an EPS growth rate of -15.87% for this year and 5.30% for next year.

Float and Shares Shorts:

At present, 247.15 million ZM shares are outstanding with a float of 229.97 million shares on hand for trading. On Feb 15, 2024, short shares totaled 12.72 million, which was 4.18% higher than short shares on Jan 12, 2024. In addition to Mr. Eric S. Yuan as the firm’s Founder, President, CEO & Chairman, Ms. Kelly Steckelberg serves as its CFO & Treasurer.

Institutional Ownership:

Through their ownership of 70.58% of ZM’s outstanding shares, institutional investors have majority control over the company.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for ZM since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With ZM analysts setting a high price target of $95.00 and a low target of $55.00, the average target price over the next 12 months is $78.84. Based on these targets, ZM could surge 34.31% to reach the target high and fall by -22.24% to reach the target low. Reaching the average price target will result in a growth of 11.47% from current levels.

Dividends & Yield:

In terms of dividends, ZM has a current ratio of $––, which is $–– over the trailing 12-months, while a dividend of $–– is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and ZM currently yields $0.00. In the past year, ZM’s dividend yield has been $0.00, but when looking at the stock over the past five years, its yield has been $–. Accordingly, ZM has a current buyback yield of $0.00. This was $0.00 for the TTM, and it was $– for the past five years.

Summary of Insider Activity:

Insiders traded ZM stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 42 while that of sell transactions has risen to 98 over the past year. The total number of shares bought during that period was 404,168 while 400,450 shares were sold.