Zoom Video Communications, Inc. (NASDAQ:ZM) traded at $398.13 at last check on Tuesday, Sep 15, making a downturn move of -1.33% on its previous day’s price.
Looking at the stock we see that its previous close was $403.51 and the beta (5Y monthly) reads 0 with the day’s price range being $391.17 – 413.48. The company has a 12-month trailing PE ratio of 515.34. In terms of its 52-week price range, ZM has a high of $478 and a low of $60.97. The company’s stock has gained about 63.2% over that past 30 days.
Zoom has a market cap of $115.21 Billion and is expected to release its quarterly earnings report on Dec 04, 2020- Dec 09, 2020. With its Forward Dividend at 0 and a yield of 0%, the company’s investors could be worried for the ZM stock to lose ahead of the earnings release. Estimates by analysts give the company expected earnings per share (EPS) of $0.76, with the EPS growth for the year raised at $2.49 for 2020 and $2.86 for next year. These figures represent 6.11% and at 0.15% growth in EPS for the two years respectively.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $692.05 Million, with a low of $685Million and a high of $729.87 Million. The median projection represents growth adding up to 315.4% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $2.4 Billion, or +286% up from figures reported last year.
There have been 1 upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the ZM stock, short term indicators assign the stock an average of 100% Buy, while medium term indicators assign it an average of 100% Buy. Long term indicators on average place the stock in the category of 100% Buy.
Based on estimates by 31 analysts where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 15 have rated the Zoom Video Communications, Inc. (ZM) stock as a Hold, while 11 rate it as a Buy. 3 analysts rate it as outperform while none of them rated it as underperform, whereas 2 suggests the stock as a Sell. The stock has an overall rating of Overweight and investors could take advantage and scoop up stock of the company.
Looking further, we note that the PEG ratio for the ZM stock currently stands at 13.4, and the current price level is 18.35% off its SMA20 and 37.97% from its 50-day simple moving average. The RSI (14) is pointing at 63.71 while the volatility over the past week is 6.94% and drops to 6.85% over the past one month. The beta value is 0, while the average true range (ATR) is currently pointing at 29.04. The average price target for the stock over the next 12 months is $426.7, with the estimates having a low of $228 and a high of $735. These price ends are -42.73% and +84.61% off the current price level respectively, although investors could be excited at the prospect of a +6.75% if the ZM share price touches on the median price of $425.
Coming back to Zoom Video Communications, Inc. (NASDAQ:ZM), we note that the average 3-month trading volume was 8.69 Million, while that of the preceding 10-day period stands at 10.89 Million. Current shares outstanding are 194.76 Million.
According to data from Thomson Reuters, insiders hold 16.2% of the company’s shares while institutions hold 49.24%. The data shows that short shares as of August 30, 2020, stood at 8.23 Million at a short ratio of 1.29. This represents a 2.89% Short interest in Shares outstanding on August 30, 2020. Shares short dropped in August from the previous month at 10.1 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock +493.05% up in year-to-date price movement.