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Stock Charts AI Power Rank: 9.2
Power Rank trend -> Rising
12/04/2024 10:30:00 EST
Zoom Video Communications Inc (ZM)
Industry: Software - Application
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, ZM has been trading in a range between $89.03 and $77.75 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
ZM is trading below resistance at $89.03, about 6% to the upside. There is support at $69.55 -17% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Zoom Video Communications Inc $ZM entered a Green zone 73 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $77.11, a potential down side of -6.68% from the recent price of 82.63. The stock is trading 12.31% (potential upside) below its 52 week high of $92.80 and 50.07 % (potential downside) above its 52 week low of $55.06 - based on the recent price.
Company Summary
Zoom Video Communications, Inc provides unified communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa. The company offers Zoom Meetings that offers HD video, voice, chat, and content sharing through mobile devices, desktops, laptops, telephones, and conference room systems; Zoom Phone, an enterprise cloud phone system; and Zoom Chat enables users to share messages, images, audio files, and content in desktop, laptop, tablet, and mobile devices.
News
| Zoom Video Communications, Inc. (ZM) is Attracting Investor Attention: Here is What You Should Know Zacks.com users have recently been watching Zoom Video (ZM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects. Source: Zacks Investment Research Wed, 04 Dec 2024 10:06:55 -0500 Sentiment: Positive |
| Zoom Video Communications Positioned for Growth in 2025 The days of post-pandemic normalization are over; Zoom Video Communications NASDAQ: ZM has reverted to sustainable growth. The company has sustained a low single-digit quarterly growth pace for nearly three years and is on track to maintain the pace in 2025 and beyond. Source: MarketBeat Tue, 03 Dec 2024 08:00:41 -0500 Sentiment: Positive |
| Why Zoom Video (ZM) International Revenue Trends Deserve Your Attention Explore Zoom Video's (ZM) international revenue trends and how these numbers impact Wall Street's forecasts and what's ahead for the stock. Source: Zacks Investment Research Mon, 02 Dec 2024 14:30:35 -0500 Sentiment: Neutral |
| Zoom Shares Sink Despite Revenue Beat. Is It Time to Buy the Stock on the Dip as It Turns to AI to Drive Growth? A pandemic darling, Zoom Communications (ZM -3.13%) is well past its glory days when its stock was trading above $550 back in 2020. The company saw a lot of pull forward in demand during that time, and as a result, revenue growth has been much slower in the proceeding years. Source: The Motley Fool Sat, 30 Nov 2024 05:15:00 -0500 Sentiment: Negative |
| Acceleraate Wins Zoom's 2024 EMEA Zoom Contact Center Partner of the Year Award Recognises Acceleraate's Excellence in Partnership Manchester, United Kingdom--(Newsfile Corp. - November 29, 2024) - CX Technology Specialist, Acceleraate, announced today that it has been named EMEA Zoom Contact Center Partner of the Year 2024 by Zoom Video Communications, Inc., commending the company's impactful achievements and innovation. Matt Cowell, CRO Acceleraate To view an enhanced version of this graphic, please visit: https://images.newsfilecorp.com/files/11005/231900_zoom_pr_image.jpg The award was presented to Acceleraate at Zoomtopia Partner Connect EMEA 2024 in London, UK. Source: Newsfile Corp Fri, 29 Nov 2024 10:20:00 -0500 Sentiment: Neutral |
Technicals 52 Week Hi: 92.8 52 Week Low: 55.06 Beta: -0.055 50 Day MA: 75.1734 200 Day MA: 65.7139 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.173 Qtr Revenue Growth YOY: 0.021 Forward PE: 15.2672 Trailing PE: 27.4518