In the last trading session, 3.89 million shares of the Zoom Video Communications Inc (NASDAQ:ZM) were traded, and its beta was -0.04. Most recently the company’s share price was $61.62, and it changed around $2.08 or 3.49% from the last close, which brings the market valuation of the company to $18.95B. ZM currently trades at a discount to its 52-week high of $75.90, offering almost -23.17% off that amount. The share price’s 52-week low was $58.87, which indicates that the current value has risen by an impressive 4.46% since then. We note from Zoom Video Communications Inc’s average daily trading volume that its 3-month average coming to 3.49 million.
Zoom Video Communications Inc (NASDAQ:ZM) trade information
Instantly ZM has showed a green trend with a performance of 3.49% at the end of last trading. The performance over the last five days has remained in the green territory. The company’s shares are currently down -14.31% year-to-date, but still up 3.95% over the last five days. On the other hand, Zoom Video Communications Inc (NASDAQ:ZM) is -6.58% down in the 30-day period.
The consensus price target as assigned by Wall Street analysts is $125.46, which translates to bulls needing to increase their stock price by 50.88% from its current value. Analyst projections state that ZM is forecast to be at a low of $60 and a high of $295.
Zoom Video Communications Inc (ZM) estimates and forecasts
Zoom Video Communications Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -0.15 percent over the past six months and at a -6.14% annual growth rate that is well below the industry average of 20.60%. Moreover, analysts have decided to roll up on their fiscal year 2024 revenue estimates. The rating firms predict that it will gain 2.60% in revenue this quarter, and will report a decrease of -7.50% in the next quarter. The year-over-year growth rate is expected to be 1.90%, up from the previous year.
Consensus estimates provided by 27 financial analysts predict the company will bring in an average of $1.13 billion in revenue for the current quarter. 27 analysts expect Zoom Video Communications Inc to make $1.15 billion in revenue for the quarter ending Jul 2024. The company’s sales for the same quarters a year ago were $1.11 billion. Analysts predict that the company’s current quarter sales will jump, forecast at 1.90%.
Zoom Video Communications Inc earnings are expected to increase by -5.51% in 2024, but the outlook is positive 1.50% per year for the next five years.
ZM Dividends
Zoom Video Communications Inc’s next quarterly earnings report is expected to be released in May.
