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In the latest session, Zscaler Inc (NASDAQ: ZS) closed at $193.97 down -1.65% from its previous closing price of $197.22. In other words, the price has decreased by -$1.65 from its previous closing price. On the day, 0.9 million shares were traded. ZS stock price reached its highest trading level at $197.54 during the session, while it also had its lowest trading level at $193.28.
Ratios:
For a deeper understanding of Zscaler Inc’s stock, let’s take a closer look at its various ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 13.09 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 53.31. For the most recent quarter (mrq), Quick Ratio is recorded 1.67 and its Current Ratio is at 1.67. In the meantime, Its Debt-to-Equity ratio is 1.13 whereas as Long-Term Debt/Eq ratio is at 1.08.
On July 16, 2024, Mizuho Downgraded its rating to Neutral which previously was Outperform but kept the price unchanged to $220.
JP Morgan Upgraded its Neutral to Overweight on June 14, 2024, whereas the target price for the stock was revised from $205 to $230.
Insider Transactions:
Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Jun 20 ’24 when CANESSA REMO sold 7,981 shares for $177.21 per share. The transaction valued at 1,414,337 led to the insider holds 243,486 shares of the business.
CANESSA REMO sold 4,689 shares of ZS for $848,381 on Jun 18 ’24. The Chief Financial Officer now owns 251,467 shares after completing the transaction at $180.93 per share. On Jun 21 ’24, another insider, CANESSA REMO, who serves as the Chief Financial Officer of the company, sold 3,238 shares for $177.54 each. As a result, the insider received 574,861 and left with 240,248 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, ZS now has a Market Capitalization of 29809696768 and an Enterprise Value of 28321091584. For the stock, the TTM Price-to-Sale (P/S) ratio is 14.44 while its Price-to-Book (P/B) ratio in mrq is 26.85. Its current Enterprise Value per Revenue stands at 13.952 whereas that against EBITDA is -268.36.
Stock Price History:
Over the past 52 weeks, ZS has reached a high of $259.61, while it has fallen to a 52-week low of $139.51. The 50-Day Moving Average of the stock is 3.51%, while the 200-Day Moving Average is calculated to be -2.21%.
Shares Statistics:
For the past three months, ZS has traded an average of 2.07M shares per day and 1278640 over the past ten days. A total of 147.17M shares are outstanding, with a floating share count of 92.70M. Insiders hold about 38.67% of the company’s shares, while institutions hold 47.35% stake in the company. Shares short for ZS as of 1723680000 were 4467621 with a Short Ratio of 2.16, compared to 1721001600 on 4459622. Therefore, it implies a Short% of Shares Outstanding of 4467621 and a Short% of Float of 4.78.
