Zscaler Inc (NASDAQ:ZS) shares, rose in value, with the stock price up by 0.73% to the previous day’s close as strong demand from buyers drove the stock to $183.34.
Actively observing the price movement in the last trading, the stock closed the session at $182.01. The value of beta (5-year monthly) was 0.84. Referring to stock’s 52-week performance, its high was $259.61, and the low was $84.93. On the whole, ZS has fluctuated by -9.43% over the past month.
With the market capitalization of Zscaler Inc currently standing at about $27.48 billion, investors are eagerly awaiting this quarter’s results, scheduled for Feb 29, 2024. As a result, investors might want to see an improvement in the stock’s price before the company announces its earnings report. Analysts are projecting the company’s earnings per share (EPS) to be $0.66, which is expected to increase to $1.06 for fiscal year $2.76 and then to about $3.28 by fiscal year 2025. Data indicates that the EPS growth is expected to be 54.20% in 2025, while the next year’s EPS growth is forecast to be 18.80%.
Analysts have estimated the company’s revenue for the quarter at $536.13 million, with a low estimate of $534 million and a high estimate of $561.53 million. Wall Street analysts also predicted that in 2025, the company’s y-o-y revenues would reach $2.12 billion, representing an increase of 31.10% from the revenues reported in the last year’s results.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that ZS’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 50% Buy while long term indicators on average have been pointing out that it is a 50% Sell.
The stock’s technical analysis shows that the PEG ratio is about 0, with the price of ZS currently trading nearly -6.05% and -16.85% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 28.74, while the 7-day volatility ratio is showing 2.52% which for the 30-day chart, stands at 2.67%. Furthermore, Zscaler Inc (ZS)’s beta value is 0.83, and its average true range (ATR) is 6.59.
A comparison of Zscaler Inc (ZS) with its peers suggests the former has fared considerably weaker in the market. ZS showed an intraday change of 0.73% in last session, and over the past year, it grew by 65.90%%.
Data on historical trading for Zscaler Inc (NASDAQ:ZS) indicates that the trading volumes over the past 10 days have averaged 1.61 million and over the past 3 months, they’ve averaged 2.41 million. According to company’s latest data on outstanding shares, there are 147.17 million shares outstanding.
Nearly 40.89% of Zscaler Inc’s shares belong to company insiders and institutional investors own 45.57% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 4.56 million shares as on Mar 15, 2024, resulting in a short ratio of 1.29. According to the data, the short interest in Zscaler Inc (ZS) stood at 3.04% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 4.47 million. The stock has fallen by -17.25% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the ZS stock heading into the next quarter.
