Also important is the data on short interest which shows that short shares stood at 17.6 million on Jun 14, 2023, giving us a short ratio of 3.3. The 9.34% of Zoom Video Communications Inc.’s shares are in the hands of company insiders while institutional holders own 64.30% of the company’s shares. The company’s latest data on shares outstanding shows there are 295.41 million shares.
(NASDAQ:ZM), historical trading data shows that trading volumes averaged 3.52 million over the past 10 days and 4.29 million over the past 3 months. If we refocus on Zoom Video Communications Inc. Elsewhere, the overall performance for the S&P 500 and Dow Jones Industrial shows that the indexes are up 0.30% and 0.61% respectively on the day as seen in early trades. Data shows ZM’s intraday price has changed -1.62% today and -40.27% over the past year. (ZM) and its peers suggest the former has performed considerably weaker. In the market, a comparison of Zoom Video Communications Inc. On the other hand, the stock is on average a 50% Sell as suggested by medium term indicators while long term indicators are putting the stock in 100% Sell category. Turning to the stock’s technical picture we see that short term indicators suggest on average that ZM is a 50% Sell.
Revisions could be used as tool to get short term price movement insight, and for the company that in the past seven days was no upward and no downward review(s). Wall Street analysts have also projected the company’s year-on-year revenue for 2024 to grow to $4.48 billion, representing a 2.10% jump on that reported in the last financial year. The average forecast suggests up to a 1.40% growth in sales growth compared to quarterly growth in the same period last fiscal year. Per the data, EPS growth is expected to be -1.60% for 2023 and 1.90% for the next financial year.Īnalysts have a consensus estimate of $1.11 billion for the company’s revenue for the quarter, with a low and high estimate of $1.11 billion and $1.14 billion respectively.
Analysts project the company’s earnings per share (EPS) to be $1.05, which has seen fiscal year 2024 EPS growth forecast to increase to $4.3 and about $4.38 for fiscal year 2025. Zoom Video Communications Inc.’s market cap currently stands at around $20.28 billion, with investors looking forward to this quarter’s earnings report slated for – Aug 25, 2023.
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