Even though Zoom has been somewhat immune to the crisis, shares dropping by a staggering 11.2% to $424.80 at 10:09 EST on Tuesday, after two consecutive sessions in a row of gains. The Nasdaq Stock Market is dropping 0.06% to $12,198.70, following yesterday’s downward trend, on what up until now seems, a somewhat rough trend exchanging session today.
According to yesterday’s article on MarketWatch, “Zoom sales more than quadruple again, but stock still drops.”
Zoom’s last close was $471.61, 38.62% under its 52-week high of $588.84.
Zoom’s sales growth is 316.6% for the current quarter and 287.8% for the next. The company’s growth estimates for the present quarter and the next is 744.4% and 340%, respectively.
Year-on-year quarterly revenue growth grew by 355%, now sitting on 1.35B for the twelve trailing months.
Zoom’s stock is valued at $424.80 at 10:09 EST, way below its 52-week high of $588.84 and way higher than its 52-week low of $62.02.
Zoom’s worth is way below its 50-day moving average of $472.11 and way higher than its 200-day moving average of $339.72.