Zscaler Inc (NASDAQ: ZS) – Time For Strategy Change?

Zscaler Inc (NASDAQ:ZS) currently has a daily average trading volume of 2.28M but it saw 1504817 shares traded in last market. With a market cap of 27.14B USD, the company’s current market price of $181.13 came rising about 2.44 while comparing to the previous closing price of $176.82. In past 52 weeks, the stock remained buoying in the range of price level as high as $259.61 and as low as $114.50.

Taking a look at 20-day trading activity of Zscaler Inc (ZS) gives us an average price of $175.14, while its current price level is -30.23% below from 52-week high level whereas it is 58.19% 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 $184.71 while that of 200 days or SMA-200 reads an average of $188.17. A closer look into the stock’s movement over the week reveals that its volatility is standing at 2.19% during that period while stretching the period over a month that increases to 2.98%. 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 53.08 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the KeyBanc Capital Markets which upgraded the stock as “Overweight” in its note to investors issued on April 18, 2024, recommending a price target of $220 for it.

Over the week, ZS’s stock price is moving 5.92% up while it is 3.91% when we observe its performance for the past one month. Year-to-date it is -18.25% down and over the past year, the stock is showing an upside performance of 49.93%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 0.48 beat the consensus estimate of 0.42 for the same. In next quarter, company is expected to be making quarterly sales of $565.03M as analysts are expecting the sales for current fiscal year at $2.12B and seeing the company making $2.66B in sales next year. Moreover, analysts are in estimates of $536.1M for current-quarter revenue.

Currently, Zscaler Inc’s total number of outstanding shares is 147.17M. Company’s return on investment (ROI) stands at -6.46% and return on equity (ROE) at -18.64%. It has a 55.18 of forward P/E ratio. Stock’s beta reads 0.86. Stock has a price to book (P/B) ratio of 28.29 while price to sale or P/S ratio amounts to 14.32. Its return on asset (ROA) is -3.98% on average.