Zoom stock: buy or sell

ZM stock price: $322.76 0.30% At close on Apr 21st, 2021

Updated on:
Apr 22nd, 2021

1

Zoom stock brief

  • Zoom stock slightly changed 0.30% to close at $322.76 on the stock market on Wednesday, and broke a streak of 3 sessions in red.
  • Last February price started dropping and printed 2 consecutive lower tops. shares price lost a -28.56% since the downtrend started.
  • Bank of America posted a strong buy rating for Zoom on Tuesday
  • Zoom Video Communications, Inc. provides a video-first communications platform in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Should I buy Zoom stock?

Even if you are a experienced or a novel trader, best trading results come from using an investing strategy that never leaves to random or subjective opinions when is the best moment to buy or sell stocks. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best

Is $ZM stock a buy?

In the current situation of Zoom there is not any eligible buy setup. This doesn't mean $ZM will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems

Should I sell Zoom stock?

When you own stock shares with some profit, it's really hard to decide the best moment to sell and get your benefits. Similarly to when we have to buy shares, choosing when is the best time to sell is not a capricious decision, and we must adhere our own trading strategy. Our trading system selects very simple strategies to guide us on when is the best time to sell a stock. Be aware that these strategies are not intended for selling short $ZM stock

A guiding principle is that you must never mantain an operation that produces higher than expected losses at the time of the buy. The moment to sell shares must always be determined by the stop-loss (automatic or manual)

Is it time to sell Zoom stock?

In the current situation of Zoom there is not any eligible sell setup, so Zoom stock holders with operations in green can keep their positions

Zoom ratings

In the last month, 4 brokerage ratings were published for Zoom

Zoom analysts' ratings - Last 30 days
Brokerage firmRating
Mar 26th, 2021
Deutsche Bank Aktiengesellschaft Neutral
Mar 31st, 2021
Daiwa Capital Markets Strong sell
Apr 1st, 2021
Deutsche Bank Aktiengesellschaft Neutral
Apr 20th, 2021
Bank of America Strong buy

Zoom stock analysis

Zoom continues in downtrend since last February, and has accumulated a selloff of -28.56%. The stock plotted 3 consecutive lower tops.

SMAs overview

ZM stock SMAs chart

Supports and resistances

The current resistance levels are:

  • R1: $331.10 (2.58% above)
  • R2: $345.02 (6.90% above)
  • R3: $345.68 (7.10% above)
  • The current support levels are:

  • S1: $309.00 (-4.26% below)
  • S2: $302.32 (-6.33% below)
  • S3: $281.00 (-12.94% below)
  • Bollinger bands

    Since the price surpassed the upper band on April 13, the price sliced by 6.10%

    ZM stock Bollinger Bands chart

    Relative strength index

    The has been between the levels of 70 and 30 for some weeks, and therefore, without this indicator really serving to help us make any decisions.

    ZM stock RSI chart

    Zoom stock price history

    Zoom went public priced at an adjusted price1 of $65.00 on Apr 2019. Since then, ZM stock surged by 396.55%, with an average of 198.28% per year. An investment of thousand dollars on the IPO would be valued $4,965.54 nowadays.

    1: Adjusted price after possible price splits or reverse-splits

    ZM stock price history chart

    Price target for Zoom stock

    Nobody can predict how much a share will be priced tomorrow. However, many stock price forecasts are posted every day by banks, financial institutions and independent analysts.

    Along with buy or sell recommendations, brokerage institutions post their price estimates based on the stock price action and the company fundamental data. Most of these predictions follow the publication of new fundamental information by the company, and usually. If you are a small investor you must not trade based on these price targets.

    There are 3 price forecasts published for Zoom that average $323.33. That is a 0.18% than the last price ($322.76).

    Zoom stock price predictions
    Brokerage firmPrice target
    Mar 26th, 2021
    Deutsche Bank Aktiengesellschaft $360.00
    Mar 31st, 2021
    Daiwa Capital Markets $250.00
    Apr 1st, 2021
    Deutsche Bank Aktiengesellschaft $360.00
    Apr 20th, 2021
    Bank of America Not available

    Earnings and financials

    In early March, Zoom ($ZM) hosted the financial event and released the report. Zoom topped analysts estimates and presented of $1.22, that is a 54.43% increase versus the forecasts of $0.79. In addition, reported revenues were $882.5 million compared to estimates of $811.8 million.

    This compares to Earnings of $0.15 per share same quarter last year, so reported EPS is an improvement of 713.33%. Looking at revenue, figures skyrocketed a 368.78% compared to $1.9B year over year.

    Zoom ($ZM) is presenting Q1 earnings report next June. Wall Street expects of $0.98, compared to previous quarter that was $1.22.

    Zoom performance

    ZM performance compared
    Company1m3m6m
    Zoom ($ZM) -2.20% -15.70% -43.60%

    Important note:
    The opinions published in this post are personal and not recommendations for you to buy or sell shares. The author of this document does not have any knowledge of the individual circumstances of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Comments are published for educative purposes only

    Zoom summary

    Wednesday, April 21st, 2021
    Open$317.01
    Close$322.76
    Day range$313.5 - $323.11
    Previous close$321.78
    Session gain0.30%
    Average true range$15.27
    50d mov avg$353.50
    100d mov avg$370.98
    200d mov avg$376.53
    Earnings dateJune 1st, 2021

    Frequently asked questions

    What is Zoom stock symbol?

    Zoom Video Communications, Inc. is a public company trading in the US stock market with the ZM symbol

    Is Zoom stock a buy or sell?

    Zoom received 4 ratings in the last 30 days: 1 bullish, 1 bearish and 2 neutral.

    Will ZM go up?

    Zoom had different price forecasts issued by analysts in the last month setting the target price to $323.33. That is a 0.18% than the current price ($322.76).

    Latest Zoom news