Stocks of Zoom Video Communications Inc (ZM) are poised to climb above their peers

With 2.65 million shares changed hands, the volume of the stock remained lighter than its average volume of 3.23 million shares. During the session, the Software – Application company that operates in wider Technology sector, reached to the highest price of $73.18 whereas the lowest price it dropped to was $71.76. The 52-week range on ZM shows that it touched its highest point at $74.77 and its lowest point at $55.06 during that stretch. It currently has a 1-year price target of $75.79. Beta for the stock currently stands at -0.05.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of ZM was up-trending over the past week, with a rise of 5.24%, but this was up by 4.48% over a month. Three-month performance surged to 21.69% while six-month performance rose 17.66%. The stock gained 18.67% in the past year, while it has gained 0.88% so far this year. A look at the trailing 12-month EPS for ZM yields 2.79 with Next year EPS estimates of 5.30. For the next quarter, that number is 1.31. This implies an EPS growth rate of 2.35% for this year and -0.54% for next year.

Float and Shares Shorts:

At present, 307.79 million ZM shares are outstanding with a float of 261.50 million shares on hand for trading. On 2024-09-30, short shares totaled 7.91 million, which was 257.0 higher than short shares on 1724976000. In addition to Mr. Eric S. Yuan as the firm’s Founder, President, CEO & Chairman, Ms. Aparna Bawa Esq. serves as its Chief Operating Officer.

Institutional Ownership:

Through their ownership of 0.68777 of ZM’s outstanding shares, institutional investors have minority control over the company.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on 2024-07-31, ZM reported revenue of $1162520000.0 and operating income of $202370000.0. The EBITDA in the recently reported quarter was $228347000.0 and diluted EPS was $0.7.