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Friday, September 29, 2023

Is Zoom Video Communications Inc. (NASDAQ: ZM) The Best Stock To Invest In?

After Hours

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. After-hours trades for Zoom Video Communications Inc. (ZM) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.04, or -0.06%, to $71.68. The Zoom Video Communications Inc. has recorded 82,978 volume in the after hours trading session. The stock was recently discussed on Yahoo Finance as it revealed that Zoom Video Communications Reports Financial Results for the Second Quarter of Fiscal Year 2024.

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Stocks Info

Zoom Video Communications Inc. is listed on the NASDAQ in the Technology sector while operating in the Software – Application industry. At the end of the last regular session, the stock closed at $71.72 and fluctuated between $72.42 as its day high and $71.43 as its day low. The current market capitalization of Zoom Video Communications Inc. is $21.38B. A total of 4.02 million shares were traded on the day, compared to an average of 3.58M shares.

Insider Activity

Insider trades are also considered as indicators of how a stock will perform in the future, in addition to stock predictions. During the recent three months, ZM has seen 16 BUY and 20 SELL insider trades, representing the acquisition of 154,877 and the disposition of 102,245 shares. Over the last 12 months, there were 58 BUYs and 104 SELLs from insiders. Insiders purchased 471,957 shares during that period but sold 372,304.

In the most recent transaction, Steckelberg Kelly sold 10,960 shares of ZM for 68.37 per share on Aug 29. After the transaction, the Chief Financial Officer now owns 0 company shares. In a previous transaction on Aug 23, Steckelberg Kelly sold 10,960 shares at 68.29 per share. ZM shares that Chief Financial Officer owns now total 0.

Among the insiders who sold shares, Subotovsky Santiago disposed of 2,067 shares on Aug 07 at a per-share price of $68.58. This resulted in the Director holding 170,028 shares of ZM after the transaction. In another insider transaction, Steckelberg Kelly sold 10,960 shares at $73.61 per share on Jul 28. Company shares held by the Chief Financial Officer now total 0.

Despite rarely being accurate, price targets can exert some form of influence at times, and are often regarded as valuable by markets. According to analysts who have offered 12-month price targets for ZM in the last 3 months, the mean price target is $82.17 with high estimates of $105.00 and low estimates of $66.00. In terms of 52-week highs and lows, ZM has a high of $89.67 and a low of $60.45.

As of this writing, ZM has an earnings estimate of $1.08 per share for the current quarter. EPS was calculated based on a consensus of 29 estimates, with a high estimate of $1.21 per share and a lower estimate of $0.94. The company reported an EPS of $1.04 in the last quarter, which was 16.90% higher than expectations of $0.89.

Balance Sheet Annually/Quarterly

As well as showing the assets and liabilities of the company, the balance sheet also shows the amount invested in equity by investors. Investors can analyze a company’s future prospects by calculating its financial ratios based on this information. ZM’s latest balance sheet shows that the firm has $5.42B in Cash & Short Term Investments as of fiscal 2022. There were $85.02M in debt and $1.58B in liabilities at the time. Its Book Value Per Share was $23.41, while its Total Shareholder’s Equity was $5.78B.

Analysts Opinion

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ZM is Buy with a score of 3.29.

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