Zscaler Inc (NASDAQ:ZS) does about 2.41M shares in volume on a normal day but saw 1808072 shares change hands in Friday trading. The company now has a market cap of 27.48B USD. Its current market price is $183.34, marking an increase of 0.73% compared to the previous close of $182.01. The 52 week high reached by this stock is $259.61 whilst the lowest price level in 52 weeks is $84.93.
Zscaler Inc (ZS) has a 20-day trading average at $194.24 and the current price is -29.38% off the 52-week high compared with 115.87% distance from its 52-week low. The 50-day simple moving average of the closing price is $219.33 and its 200-day simple moving average is $184.24. If we look at the stock’s price movements over the week, volatility stands at 2.52%, which increases to 2.67% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 28.74 to suggest the stock is oversold.
The consensus objective for the share price is $261.57, suggesting that the stock has a potential upside of 29.91% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on January 18, 2024 when Bernstein initiated the stock to “Outperform” and issued a price target of $311. Oppenheimer reiterated its price target at $245-$290.
Zscaler Inc (ZS) stock is down -4.82% over the week and -9.43% over the past month. Its price is -17.25% year-to-date and 65.90% over the past year.
The stock last released its quarterly earnings report for quarter ended 1/30/2024, with the company’s earnings per share (EPS) of $0.76 above consensus estimates by $0.18. ZS’s earnings per share are forecast to grow by 54.20% this year and 18.80% over next year. Expected sales for next quarter are $565.09 million, which analysts say will come at $2.12 billion for the current fiscal year and next year at $2.66 billion. In addition, estimates put the company’s current quarterly revenue at an average of $536.13 million.
To reach the target analysts have set, the stock logically needs to grow 29.91 percent from here.
Outstanding shares total 147.17M with insiders holding 38.57% of the shares and institutional holders owning 49.85% of the company’s common stock. The company has a return on investment of -6.46% and return on equity of -18.64%. The forward price to earnings ratio is 55.76. The beta has a value of 0.83. Price to book ratio is 28.63 and price to sales ratio is 14.49.
