In yesterday’s Wall Street session, Zoom Video Communications Inc (NASDAQ:ZM) shares traded at $68.04, up 12.97% from the previous session.
ZM stock price is now 16.80% away from the 50-day moving average and 6.83% away from the 200-day moving average. The market capitalization of the company currently stands at $21.04B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $75, Rosenblatt recently Upgraded its rating from Neutral to Buy for Zoom Video Communications Inc (NASDAQ: ZM). On March 19, 2024, Jefferies recently initiated its ‘Hold’ rating on the stock quoting a target price of $70, while ‘Exane BNP Paribas’ rates the stock as ‘Underperform’
In other news, Steckelberg Kelly, Chief Financial Officer sold 5,007 shares of the company’s stock on Aug 07 ’24. The stock was sold for $283,601 at an average price of $56.64. Upon completion of the transaction, the Chief Financial Officer now directly owns 0 shares in the company, valued at $0.0. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 06 ’24, Chief Executive Officer Yuan Eric S. sold 2,420 shares of the business’s stock. A total of $135,836 was realized by selling the stock at an average price of $56.13. This leaves the insider owning 87,934 shares of the company worth $5.98 million. A total of 15.12% of the company’s stock is owned by insiders.
During the past 12 months, Zoom Video Communications Inc has had a low of $55.06 and a high of $75.90. As of last week, the company has a debt-to-equity ratio of 0.00, a current ratio of 4.45, and a quick ratio of 4.36. According to the stock market information, the enterprise value for the company is $13549756416, which is based on a 24.35 price-to-earnings ratio, a 16.23 price-to-earnings-growth ratio, and a beta of -0.07. The fifty day moving average price for ZM is $58.3577 and a two-hundred day moving average price translates $63.715473 for the stock.
The latest earnings results from Zoom Video Communications Inc (NASDAQ: ZM) was released for 2024-07-31. The net profit margin was 19.08% and return on equity was 11.27% for ZM. The company reported revenue of $1.14 billion for the quarter, compared to $1.11 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.25 percent.
