3/16/2023 0 Comments Why zoom stock is down today![]() ![]() In the longer-term, the company needs to come up with positive catalysts or its stock will remain under pressure. In the near term, the stock may find some buyers as its RSI is close to the extremely overbought territory. In Q3 FY, Zoom’s earnings and revenue beat consensus estimates. After that if we get bullish divergences, it may be the time to accumulate zoom stock. low light sensitive-record down to 2 Lux I 6:1 Power zoom lens with macro. We expect the downtrend to continue and retest lows from 2019. Revenue growth was driven by the company’s acquisition of new customers as well as the expansion of services across its existing customers. I We are authorized Sony USA dealers I We stock the entire line I. ![]() While the company tries to position itself for a hybrid work model in the post-pandemic work, it is not clear whether the market will be patient in case the company does not show material growth in the upcoming quarters.Īt this point, it looks that the risks of additional multiple compression remain elevated. The 90 analysts offering price forecasts for Zoom Video Communications have a median target of 261.43, with a high estimate of 570.00 and a low estimate of 76.00. Why zoom stock drop today.Why Zoom Stock Is Down By 17 Today. This means that Zoom stock remains expensive even after the massive pullback from historic highs.Ĭurrent analyst consensus implies no growth on the earnings side, which is bearish for a growth stock which is trading at a rich valuation. But by tapping the headings above the chart, you can zoom in or out from 1 day. Shares of Zoom are down by roughly 65% from highs that were reached back in October 2020, but it remains to be seen whether traders will rush to buy the stock after another pullback.Īnalysts expect that Zoom will report earnings of $4.77 per share in the next fiscal year, so the stock is trading at roughly 43 forward P/E. A capsule summary of today's price and volume statistics for this stock. Zoom reported revenue of 1.02 billion and. Shares of Zoom found themselves under strong pressure after the company released its second-quarter report. Analysts have rushed to decrease their price targets for Zoom stock due to growth concerns, and analyst downgrades have clearly served as additional bearish catalysts for the company’s shares. Zoom Stock Dives As Q3 Guidance Disappoints. ![]()
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