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The closing price of Zoom Video Communications Inc (NASDAQ: ZM) was $57.40 for the day, down -1.48% from the previous closing price of $58.26. In other words, the price has decreased by -$1.48 from its previous closing price. On the day, 2.86 million shares were traded. ZM stock price reached its highest trading level at $58.32 during the session, while it also had its lowest trading level at $57.23.
Ratios:
Our analysis of ZM’s different ratios will help us gain a deeper understanding of the company. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 2.40 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 10.79. For the most recent quarter (mrq), Quick Ratio is recorded 4.36 and its Current Ratio is at 4.36. In the meantime, Its Debt-to-Equity ratio is 0.01 whereas as Long-Term Debt/Eq ratio is at 0.00.
On March 19, 2024, Jefferies started tracking the stock assigning a Hold rating and target price of $70.
Exane BNP Paribas Downgraded its Neutral to Underperform on January 18, 2024, while the target price for the stock was maintained at $60.
Insider Transactions:
Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Jun 26 ’24 when Steckelberg Kelly sold 5,007 shares for $57.59 per share. The transaction valued at 288,352 led to the insider holds 0 shares of the business.
Bawa Aparna sold 836 shares of ZM for $47,493 on Jun 18 ’24. The Chief Operating Officer now owns 1,978 shares after completing the transaction at $56.81 per share. On Jun 13 ’24, another insider, Crehan Shane, who serves as the Chief Accounting Officer of the company, sold 363 shares for $60.25 each. As a result, the insider received 21,871 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 17752500224 and an Enterprise Value of 10446017536. As of this moment, Zoom’s Price-to-Earnings (P/E) ratio for their current fiscal year is 21.35, and their Forward P/E ratio for the next fiscal year is 11.23. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 14.23. For the stock, the TTM Price-to-Sale (P/S) ratio is 3.89 while its Price-to-Book (P/B) ratio in mrq is 2.14. Its current Enterprise Value per Revenue stands at 2.289 whereas that against EBITDA is 12.655.
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 $55.63. The 50-Day Moving Average of the stock is -6.03%, while the 200-Day Moving Average is calculated to be -11.38%.
Shares Statistics:
ZM traded an average of 3.23M shares per day over the past three months and 2655470 shares per day over the past ten days. A total of 260.90M shares are outstanding, with a floating share count of 240.46M. Insiders hold about 22.24% of the company’s shares, while institutions hold 59.97% stake in the company. Shares short for ZM as of 1718323200 were 9878159 with a Short Ratio of 3.06, compared to 1715731200 on 12480320. Therefore, it implies a Short% of Shares Outstanding of 9878159 and a Short% of Float of 3.75.
