ZM Stock Summary and Trading Ideas (Zoom Video Comms | NASDAQ:ZM)

Zoom Video Communications provides a communications platform that connects people through video, voice, chat, and content sharing. The company's cloud-native platform enables face-to-face video and connects users across various devices and locations in a single meeting. Zoom, which was founded in 2011 and is headquartered in San Jose, California, serves companies of all sizes from all industries around the world.

Zoom Video Comms trades on the NASDAQ stock market under the symbol ZM.

As of November 15, 2024, ZM stock price declined to $81.14 with 2,077,668 million shares trading.

ZM has a beta of 0.88, meaning it tends to be less sensitive to market movements. ZM has a correlation of 0.11 to the broad based SPY ETF.

ZM has a market cap of $24.97 billion. This is considered a Large Cap stock.

Last quarter Zoom Video Comms reported $1 billion in Revenue and $1.39 earnings per share. This beat revenue expectation by $13 million and exceeded earnings estimates by $.18.

In the last 3 years, ZM traded as high as $268.88 and as low as $55.06.

The top ETF exchange traded funds that ZM belongs to (by Net Assets): VTI, COWZ, VO, VXF, VGT.

ZM has underperformed the market in the last year with a return of +27.3%, while SPY returned +31.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in ZM shares. However, ZM has outperformed the market in the last 3 month and 2 week periods, returning +40.3% and +7.3%, while SPY returned +6.2% and +2.6%, respectively. This indicates ZM has been having a stronger performance recently.

ZM support price is $81.17 and resistance is $84.09 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ZM shares will trade within this expected range on the day.