Zoom Video Communications Inc. (NASDAQ:ZM) currently has a daily average trading volume of 9.05M but it saw 6495784 shares traded on Tuesday. With a market cap of 78.83B USD, the company’s enterprise value now stands nearly at $68.72B. Stock’s current market price of $276.80 came rising about 4.00 while comparing to the previous closing price of $266.15. In past 52 weeks, the stock remained buoying in the range of price level as high as $281.00 and as low as $60.97. In the recent trading on the day, stock has struck highest price mark of $277.78 while lowest mark touched by it was $265.50.
Taking a look at 20-day trading activity of Zoom Video Communications Inc. (ZM) gives us an average price of $255.41, while its current price level is -1.49% below from 52-week high level whereas it is 354.01% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $252.29 while that of 200 days or SMA-200 reads an average of $145.11. A closer look into the stock’s movement over the week reveals that its volatility is standing at 5.07% during that period while stretching the period over a month that decreases to 4.83%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 61.05 which implies that the stock is in neutral territory.
Data by FactSet Research shows that 32 analysts have issued their ratings for the stock. 5 of them are in opinions that stock is a Sell, while 3 are advising it as an Overweight. 11 analysts suggested the investors to Buy the stock while 13 advised them to Hold. Recommendations by all of those brokerages imply a consensus rating of Hold for the stock and that issued by Wall Street to investors is Moderate Buy.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the RBC Capital Mkts which reiterated the stock as “Outperform” in its note to investors issued on August 18, 2020, recommending a price target of between $250 and $300 for it. Goldman also issued its recommendations for the stock as it reiterated the price target for the stock in the range of between $156 and $187.
Over the week, ZM’s stock price is moving 19.81% up while it is 3.06% when we observe its performance for the past one month. Year-to-date it is 306.82% up and over the past year, the stock is showing an upside performance of 197.09%.
The latest quarterly earnings report issued by the company was for quarter ended 4/29/2020, when its quarterly earnings per share (EPS) of $0.2 beat the consensus estimate of $0.09 for the same. The company is expected to be releasing its next quarterly report in 09/04/2020, for which analysts forecasted an EPS of $0.45 while estimate for next year EPS is $1.3. For ZM, analysts are forecasting an EPS-growth rate of 271.40% for current year and estimate for EPS growth in next year is 20.80%. In next quarter, company is expected to be making quarterly sales of $491.65 million as analysts are expecting the sales for current fiscal year at $1.81 billion and seeing the company making $2.27 billion in sales next year. Moreover, analysts are in estimates of $500.14 million for current-quarter revenue.
Currently, Zoom Video Communications Inc.’s total number of outstanding shares is 279.89M with 16.20% of that held by the insiders while 49.24% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 1.40%. It has a price to earnings ratio (P/E ratio) of 1529.28 while having a 178.24 of forward P/E ratio. Stock has a price to book (P/B) ratio of 85.96 while price to sale or P/S ratio amounts to 95.12.
A filing at the U.S. Securities and Exchange Commission revealed that Vanguard Total Stock Market Index came shrinking its share ownership by 245.29% in the Zoom Video Communications Inc. (ZM) increasing its stake to 2.49% with control over 3.22 million shares in the company. As per SEC documents, Vanguard Total Stock Market Index sought 4,536,346 of company’s common stock of worth $1.15 billion as per recent closing price of the stock. Vanguard Total Stock Market Index is not the only institutional holder which restructured its stake in Zoom Video Communications Inc., as Morgan Stanley Instl Fund-Growth picked 2,356,197 shares of worth $598.26 million to bring its holdings to a total of 0.85 million shares. In the most recent quarter, Vanguard Mid Cap Index Fund came rising its stake by 65.64% in the company and now holds 1.97 million or 1.08% of the company’s stake having worth of about 499.71 million.