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Analyze Zoom Video Communications Inc. (NASDAQ: ZM) With This Review Before Investing

Zoom Video Communications Inc. (NASDAQ:ZM) traded at $77.15 at close of the session on Tuesday, 11/22/22, made a downward move of -3.87% on its previous day’s price.

Looking at the stock we see that its previous close was $80.26 and the beta (5Y monthly) reads -0.38 with the day’s price range being $71.90 – $77.44. The company has a trailing 12-month PE ratio of 23.86. In terms of its 52-week price range, ZM has a high of $251.70 and a low of $70.43. The company’s stock has lost about -4.29% over that past 30 days.

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Zoom Video Communications Inc. has a market cap of $23.23 billion and is expected to release its quarterly earnings report on Nov 21, 2022 – Nov 25, 2022. Estimates by analysts give the company expected earnings per share (EPS) of $0.84, with the EPS growth for the year raised at $3.69 for 2023 and $3.67 for next year. These figures represent -27.20% and -0.50% 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 $1.1 billion, with a low of $1.09 billion and a high of $1.14 billion. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2023 is expected to hit $4.39 billion, or 7.10% up from figures reported last year.

There have been no 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 50% Sell, while medium term indicators assign it an average of 100% Sell. Long term indicators on average place the stock in the category of 100% Sell.

Based on estimates by 36 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 24 have rated the Zoom Video Communications Inc. (ZM) stock as a Hold, while 8 rate it as a Buy. 2 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 2 suggest the stock as a Sell. The stock has an overall rating of Hold and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is -5.64% off its SMA20 and -1.86% from its 50-day simple moving average. The RSI (14) is pointing at 44.69 while the volatility over the past week is 4.31% and jumps to 5.07% over the past one month. The beta value is -0.30, while the average true range (ATR) is currently pointing at 4.70. The average price target for the stock over the next 12 months is $89.12, with the estimates having a low of $67.00 and a high of $125.00. These price ends are 13.16% and -62.02% off the current price level respectively, although investors could be excited at the prospect of a -12.12% if the ZM share price touches on the median price of $86.50.

Coming back to Zoom Video Communications Inc. (NASDAQ:ZM), we note that the average 3-month trading volume was 4.48 million, while that of the preceding 10-day period stands at 4.18 million. Current shares outstanding are 298.55 million.

The insiders hold 12.30% of the company’s shares while institutions hold 63.20%. The data shows that short shares as of Oct 13, 2022, stood at 16.71 million at a short ratio of 4.25. This represents a 5.61% short interest in shares outstanding on Oct 13, 2022. Shares short fall in October from the previous month at 17.89 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -58.05% down in year-to-date price movement.

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