Zoom Video Communications Inc (NASDAQ:ZM)’s traded shares stood at 8.77 million during the latest session, with the company’s beta value hitting -0.07. At the last check today, the stock’s price was $67.11, to imply an increase of 11.42% or $6.88 in intraday trading. The ZM share’s 52-week high remains $75.90, putting it -13.1% down since that peak but still an impressive 17.96% since price per share fell to its 52-week low of $55.06. The company has a valuation of $20.75B, with an average of 2.73 million shares in intraday trading volume over the past 10 days and average of 3.06 million shares over the past 3 months.
Analysts have given a consensus recommendation of Buy for Zoom Video Communications Inc (ZM), translating to a mean rating of 2.54. Of 25 analyst(s) looking at the stock, 0 analyst(s) give ZM a Sell rating. 0 of those analysts rate the stock as Overweight while 12 advise Hold as 13 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 1.24.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Zoom Video Communications Inc (NASDAQ:ZM) trade information
After registering a 11.42% upside in the latest session, Zoom Video Communications Inc (ZM) has traded red over the past five days. The 5-day price performance for the stock is 16.01%, and 15.39% over 30 days. With these gigs, the year-to-date price performance is -6.68%. Short interest in Zoom Video Communications Inc (NASDAQ:ZM) saw shorts transact 7.77 million shares and set a 3.06 days time to cover.
The extremes give us $55 and $295 for target low and target high price respectively. As such, ZM has been trading -339.58% off suggested target high and 18.05% from its likely low.
Zoom Video Communications Inc (ZM) estimates and forecasts
Looking at statistics comparing Zoom Video Communications Inc share performance against respective industry, we note that the company has underperformed competitors. Zoom Video Communications Inc (ZM) shares are 8.03% up over the last 6 months, with its year-to-date growth rate lower than industry average at -3.07% against 18.30%. Revenue is forecast to shrink -3.90% this quarter before falling -12.00% for the next one. The rating firms project that company’s revenue will grow 2.10% compared to the previous financial year.
Revenue forecast for the current quarter as set by 27 analysts is 1.16B. Meanwhile, for the current quarter, a total of 27 analyst(s) estimate revenue growth to 1.17B.
ZM Dividends
Zoom Video Communications Inc has its next earnings report out on 2024-Nov-18. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too.
Zoom Video Communications Inc (NASDAQ:ZM)’s Major holders
Zoom Video Communications Inc insiders hold 8.77% of total outstanding shares, with institutional holders owning 69.06% of the shares at 75.70% float percentage. In total, 69.06% institutions holds shares in the company, led by VANGUARD GROUP INC. As of 2024-06-30, the company held over 23.78 million shares (or 7.704% of shares), all amounting to roughly $1.41 billion.
The next major institution holding the largest number of shares is BLACKROCK INC. with 15.53 million shares, or about 5.0314% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $919.33 million.
