Analysts Point To Zoom Video Communications Inc (NASDAQ: ZM) Growth In The Future

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Recently, Yahoo Finance discussed the stock, revealing that Zoom delivers AI-powered customer experiences at an unmatched value for companies of every size.

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Stocks Info

As a NASDAQ listed company, ZM falls under the Technology sector while operating within the Software – Application industry segment. At the end of the last regular session, the stock closed at $69.10 and fluctuated between $70.41 as its day high and $68.18 as its day low. The current market capitalization of Zoom Video Communications Inc is $21.04B. A total of 3.48 million shares were traded on the day, compared to an average of 3.77M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ZM has seen 0 BUY and 1 SELL insider trades, representing the acquisition of 0 and the disposition of 16,957 shares. Over the last 12 months, there were 44 BUYs and 105 SELLs from insiders. Insiders purchased 410,616 shares during that period but sold 406,898.

In the most recent transaction, Crehan Shane sold 4,480 shares of ZM for 68.34 per share on Jan 11. After the transaction, the Chief Accounting Officer now owns 0 company shares. In a previous transaction on Jan 10, Yuan Eric S. sold 23,540 shares at 68.00 per share. ZM shares that Chief Executive Officer owns now total 92,422.

Among the insiders who sold shares, Sankarlingam Velchamy disposed of 15,611 shares on Jan 10 at a per-share price of $67.98. This resulted in the Pres. of Engineering & Product holding 70,061 shares of ZM after the transaction. In another insider transaction, Yuan Eric S. sold 2,421 shares at $68.42 per share on Jan 09. Company shares held by the Chief Executive Officer now total 115,962.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, ZM has a high of $85.13 and a low of $58.87.

As of this writing, ZM has an earnings estimate of $1.15 per share for the current quarter. EPS was calculated based on a consensus of 27 estimates, with a high estimate of $1.32 per share and a lower estimate of $1.1. The company reported an EPS of $1.34 in the last quarter, which was 27.60% higher than expectations of $1.05.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ZM’s latest balance sheet shows that the firm has $5.42B in Cash & Short Term Investments as of fiscal 2022. There were $105.72M in debt and $1.58B in liabilities at the time. Its Book Value Per Share was $24.36, while its Total Shareholder’s Equity was $5.78B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. 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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