What Do Analysts Think About Zscaler Inc’s (NASDAQ:ZS) Future?

The trading price of Zscaler Inc (NASDAQ:ZS) floating higher at last check on Wednesday, June 05, closing at $172.67, 2.09% higher than its previous close.

In examining the 52-week price action we see that the stock hit a 52-week high of $259.61 and a 52-week low of $131.59. Over the past month, the stock has lost -3.07% in value.

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Zscaler Inc, whose market valuation is $25.88 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 ZS has a 100% 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 50% Sell.

A quick review shows that ZS’s price is currently -0.02% off the SMA20 and -2.80% off the SMA50. The RSI metric on the 14-day chart is currently showing 49.09, and weekly volatility stands at 5.48%. When measured over the past 30 days, the indicator reaches 3.41%. Zscaler Inc (NASDAQ:ZS)’s beta value is currently sitting at 0.83, while the Average True Range indicator is currently displaying 6.87.

To see how Zscaler Inc stock has been performing today in comparison to its peers in the industry, here are the numbers: ZS stock’s performance was 2.09% at last check in today’s session, and 16.63% in the past year.

An evaluation of the daily trading volume of Zscaler Inc (NASDAQ:ZS) indicates that the 3-month average is 2.06 million.

Currently, records show that 147.17 million of the company’s shares remain outstanding. The insiders hold 39.96% of outstanding shares, whereas institutions hold 47.75%. However, since the stock’s price has seen -22.06% year-to-date, investors’ interest is likely to be reignited due to its potential to move even lower.

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