zoom video communications inc. [NASDAQ: ZM] The stock went on a downtrend that fell more than -1.69% on Monday, taking the price from a one-week low of -4.85%. The company reported on November 21, 2022 that Zoom Video Communications reported fiscal 2023 third quarter financial results.
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Third quarter total revenue of $1,101.9 million was reported, up 5% year over year and 7% in constant currency.
Third quarter enterprise revenue of $614 million, up 20% year over year.
In last 12 months, ZM stock declined -68.06%. One Year Zoom Video Communications Inc. The stock forecast points to a possible upside of 18.17. The Average Equity Rating for ZM stock is currently 2.80, which is trading near to a bullish pattern in the stock market.
The market cap for the stock reached $24.17 billion, with 298.55 million shares outstanding and 220.10 million shares in the current float. Compared to the average trading volume of 4.43M shares, ZM stock reached a trading volume of 6198705 in the most recent trading day, which is why market watchdogs consider the stock as active.
Guru’s Opinion on Zoom Video Communications Inc. [ZM],
Based on careful and fact-backed analyzes by Wall Street experts, the current consensus target price for ZM shares is $98.08 per share. Target prices and analysis on the performance of shares are usually carefully studied by market experts, and the current Wall Street consensus on ZM stock is a recommendation at 2.80. This rating represents a strong buy recommendation on a scale of 1 to 5, where 5 means strong sell, 4 represents sell, 3 indicates hold and 2 indicates buy.
Morgan Stanley has set an outlook for the shares of Zoom Video Communications Inc. on October 11, 2022, keeping its opinion on the stock as Equal-Weight, in line with its previous recommendation. While these analysts kept their previous recommendation, JPMorgan raised their target price from $295 to $85. The new note on price target, representing the official price target for Zoom Video Communications Inc stock, was issued on October 07, 2022. Earlier, the target price was once again raised to $83 while Credit Suisse analysts maintained neutral rating on ZM stock.
zoom video communications inc. The Average True Range (ATR) for ZM stock is set at 4.42, with a price to sales ratio of 5.63 for ZM stock over the trailing 12-month period. The Price to Book ratio for the previous quarter was 4.00, the Price to Cash per share for the same quarter was set at 18.33. Price to free cash flows for ZM during the trailing twelve months was 18.68, with a quick ratio of 3.40 for the last quarter.
ZM Stock Performance Analysis:
zoom video communications inc. [ZM] It fell into the red zone at the end of last week, fell into a negative trend and fell -4.85. With this latest performance, ZM shares are down -0.89% in the last four-week period, as well as -10.15% in the last 6 months – referring to a -68.06% drop in the last year of trading. Not there.
Overbought and oversold stocks can be easily detected with the Relative Strength Index (RSI), where an RSI result of over 70 will result in overbought, and any rate below 30 will indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for the past two-week period for ZM stock is set at 48.81, with the RSI for the last one trading hit 47.08, and the three-week RSI for Zoom Video Communications Inc. is set at 48.87. [ZM], The current moving average of this stock for last 50 days of trade is 78.62, while it was recorded at 83.09 for last one week trade and 100.60 for last 200 days.
zoom video communications inc. Insight into the fundamentals:
Operating margin for any stock indicates how profitable an investment will be, and Zoom Video Communications Inc. [ZM] The shares currently have an Operating Margin of +27.57 and Gross Margin at +74.28. The Net Margin of Zoom Video Communications Inc. is currently recorded at +33.54.
The Return on Equity for this stock is tilted at 28.53, with the Return on Assets sitting at 21.40.
zoom video communications inc. Liquidity data is equally interestingly compelling with a quick ratio of 3.40 and a current ratio set at 3.40.
ZM Stock EPS
The company’s progress can be viewed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting 5-year EPS growth rate for ZM. When it comes to quoted price, analysts are expecting a 5 Year EPS growth rate of -11.34% for Zoom Video Communications Inc.
zoom video communications inc. [ZM] internal status statement
Institutional investors currently hold $12,724 million or 63.20% of ZM stock. The top three institutional holders of ZM stock are: Vanguard Group INC with ownership of 17,125,004, which accounts for approximately 23.346% of the company’s market cap and approximately 12.30% of total institutional ownership; BlackRock Inc. with an estimated value of $1.04 billion in ZM stock shares. holds 12,983,270 shares; and ARK Investment Management LLC, with $874.14 million in ZM stock currently holding approximately 13.736% of the company’s market capitalization.
zoom video communications inc. The positions of institutional investors in Zoom Video Communications Inc. increased at the end of November and at the time of the November reporting period, where 300 institutional holders increased their positions in Zoom Video Communications Inc. [NASDAQ:ZM] By approximately 22,917,719 shares. Additionally, 380 investors reduced positions by approximately 22,479,274 shares, while 131 investors maintained positions by 113,135,281 shares. As per the latest SEC report filing, the mentioned changes put the institutional holdings at 158,532,274 shares. ZM stock had 73 new institutional investments for a total of 4,949,364 shares, while 148 institutional investors sold 4,160,432 shares during the same period.