Zoom Video Communications Inc (NASDAQ: ZM) closed the day trading at $66.54 down -0.48% from the previous closing price of $66.86. In other words, the price has decreased by -$0.32 from its previous closing price. On the day, 1700805 shares were traded.
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Ratios:
For a better understanding of ZM, let’s look at its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.94 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.90. For the most recent quarter (mrq), Quick Ratio is recorded 4.38 and its Current Ratio is at 4.38. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.01.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for this company, Jefferies on March 19, 2024, initiated with a Hold rating and assigned the stock a target price of $70.
On January 18, 2024, Exane BNP Paribas Downgraded its rating to Underperform which previously was Neutral but kept the price unchanged to $60.
Wells Fargo Downgraded its Equal Weight to Underweight on December 20, 2023, while the target price for the stock was maintained at $70.
Insider Transactions:
The insider trade also gives investors a glimpse into the future direction of stock prices, which can be beneficial to investors. A recent insider transaction in this stock occurred on Mar 20 ’24 when Steckelberg Kelly sold 5,007 shares for $66.46 per share. The transaction valued at 332,764 led to the insider holds 0 shares of the business.
Bawa Aparna sold 816 shares of ZM for $54,342 on Mar 18 ’24. The Chief Operating Officer now owns 1,978 shares after completing the transaction at $66.60 per share. On Mar 12 ’24, another insider, Crehan Shane, who serves as the Chief Accounting Officer of the company, sold 1,931 shares for $70.00 each. As a result, the insider received 135,170 and left with 0 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, ZM now has a Market Capitalization of 20.56B and an Enterprise Value of 13.67B. As of this moment, Zoom’s Price-to-Earnings (P/E) ratio for their current fiscal year is 32.40, and their Forward P/E ratio for the next fiscal year is 14.42. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 21.60. For the stock, the TTM Price-to-Sale (P/S) ratio is 4.52 while its Price-to-Book (P/B) ratio in mrq is 2.55. Its current Enterprise Value per Revenue stands at 3.02 whereas that against EBITDA is 21.71.
Stock Price History:
Over the past 52 weeks, ZM has reached a high of $75.90, while it has fallen to a 52-week low of $58.87. The 50-Day Moving Average of the stock is 66.56, while the 200-Day Moving Average is calculated to be 67.50.
Shares Statistics:
Over the past 3-months, ZM traded about 3.53M shares per day on average, while over the past 10 days, ZM traded about 2.83M shares per day. A total of 260.90M shares are outstanding, with a floating share count of 232.75M. Insiders hold about 24.32% of the company’s shares, while institutions hold 58.87% stake in the company. Shares short for ZM as of Feb 29, 2024 were 11.84M with a Short Ratio of 3.35, compared to 13.27M on Jan 31, 2024. Therefore, it implies a Short% of Shares Outstanding of 3.85% and a Short% of Float of 4.54%.
Earnings Estimates
Current recommendations for the stock of the company come from 26 analysts. On average, analysts expect EPS of $1.19 for the current quarter, with a high estimate of $1.34 and a low estimate of $1.17, while EPS last year was $1.16. The consensus estimate for the next quarter is $1.23, with high estimates of $1.37 and low estimates of $1.17.
Analysts are recommending an EPS of between $5.46 and $4.83 for the fiscal current year, implying an average EPS of $4.92. EPS for the following year is $4.98, with 29 analysts recommending between $5.5 and $4.58.
Revenue Estimates
27 analysts predict $1.13B in revenue for the current quarter. It ranges from a high estimate of $1.14B to a low estimate of $1.12B. As of the current estimate, Zoom Video Communications Inc’s year-ago sales were $1.11B, an estimated increase of 1.90% from the year-ago figure.
A total of 32 analysts have provided revenue estimates for ZM’s current fiscal year. The highest revenue estimate was $4.78B, while the lowest revenue estimate was $4.59B, resulting in an average revenue estimate of $4.62B. In the same quarter a year ago, actual revenue was $4.53B, up 1.90% from the average estimate. Based on 31 analysts’ estimates, the company’s revenue will be $4.8B in the next fiscal year. The high estimate is $5.2B and the low estimate is $4.62B. The average revenue growth estimate for next year is up 4.00% from the average revenue estimate for this year.
