In last trading session, Zoom Video Communications, Inc. (NASDAQ:ZM) saw 3,365,019 shares changing hands. Company’s recent per share price level of $254.01 trading at -$6.9 or -2.66% at recent trade assigns it a market valuation of $71.26 Billion. That current price of ZM’s stock is at a discount of -3% from its 52-week high price of $261.62 and is indicating a premium of 76% from its 52-week low price of $60.97. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 9.96 Million shares which gives us an average trading volume of 13.58 Million if we extend that period to 3-months.
Zoom Video Communications, Inc. (NASDAQ:ZM) trade information
In the face of being in the red today for losing -3.09%, in the last five days ZM remained trading in the green while hitting it’s week-highest on Friday, Jun 26 when the stock touched $261.62 price level, adding 2.73% to its value on the day. Zoom Video Communications, Inc.’s shares saw a change of 274.02% in year-to-date performance and have moved 4.52% in past 5-day. Zoom Video Communications, Inc. (NASDAQ:ZM) showed a performance of 55.17% in past 30-days. Number of shares sold short was 10.65 Million shares which calculate 0.78 days to cover the short interests.
Zoom Video Communications, Inc. (ZM) estimates and forecasts
Statistics highlight that Zoom Video Communications, Inc. is scoring comparatively higher than the scores of other players of the relevant industry. The company added +290.48% of value to its shares in past 6 months, showing an annual growth rate of 237.14% while that of industry is 3. Apart from that, the company came raising its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to increase by 462.5% in the current quarter and calculating 277.8% increase in the next quarter. This year revenue growth is estimated to rise 189.8% from the last financial year’s standing.
24 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $498.78 Million for the same. And 24 analysts are in estimates of company making revenue of $489.15 Million in the next quarter that will end in October 01, 2020.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 0% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 268.6% while estimates for its earnings growth in next 5 years are of 38.46%
Zoom Video Communications, Inc. (NASDAQ:ZM)’s Major holders
Insiders are in possession of 16.2% of company’s total shares while institution are holding 49.24% percent of that, with stock having share float percentage of 58.75%. Investors also watch the number of corporate investors in a company very closely, which is 465 institutions for Zoom Video Communications, Inc. that are currently holding shares of the company. Morgan Stanley is the top institutional holder at ZM for having 12.19 Million shares of worth $1.78 Billion. And as of March 30, 2020, it was holding 6.69% of the company’s outstanding shares.
The second largest institutional holder is Baillie Gifford and Company, which was holding about 7.17 Million shares on March 30, 2020. The number of shares represents firm’s hold over 3.94% of outstanding shares, having a total worth of $1.05 Billion.
On the other hand, Morgan Stanley Inst Fd Inc-Growth Port and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of March 30, 2020, the former fund manager was holding 2356197 shares of worth $344.29 Million or 1.29% of the total outstanding shares. The later fund manager was in possession of 1.33 Million shares on March 30, 2020, making its stake of worth around $194.97 Million in the company or a holder of 0.73% of company’s stock.