The trading price of Zoom Video Communications Inc (NASDAQ:ZM) floating higher at last check on Wednesday, June 05, closing at $62.16, 1.02% higher than its previous close.
The company’s P/E ratio in the trailing 12-month period was 23.12. In examining the 52-week price action we see that the stock hit a 52-week high of $75.90 and a 52-week low of $58.87. Over the past month, the stock has gained 0.55% in value.
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Zoom Video Communications Inc, whose market valuation is $19.22 billion at the time of this writing. Investors’ optimism about the company’s current quarter earnings report is understandable.
On the technical side, indicators suggest ZM has a 50% Sell on average for the short term. According to the data of the stock’s medium term indicators, the stock is currently averaging as a 100% Sell, while an average of long term indicators suggests that the stock is currently 100% Sell.
If we dig deeper into the stock’s outlook, we see that the stock’s PEG is 15.41, which symbolizes a positive outlook. A quick review shows that ZM’s price is currently -0.65% off the SMA20 and -0.51% off the SMA50. The RSI metric on the 14-day chart is currently showing 48.77, and weekly volatility stands at 1.70%. When measured over the past 30 days, the indicator reaches 2.04%. Zoom Video Communications Inc (NASDAQ:ZM)’s beta value is currently sitting at -0.05, while the Average True Range indicator is currently displaying 1.33.
To see how Zoom Video Communications Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: ZM stock’s performance was 1.02% at last check in today’s session, and -9.94% in the past year. Zoom Video Communications Inc has a P/E ratio of 23.12.
An evaluation of the daily trading volume of Zoom Video Communications Inc (NASDAQ:ZM) indicates that the 3-month average is 3.00 million.
Currently, records show that 260.90 million of the company’s shares remain outstanding. The insiders hold 22.32% of outstanding shares, whereas institutions hold 60.04%. However, since the stock’s price has seen -13.56% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.
