Shares of Zoom jumped 3.05% to $367.68 at 16:08 EST on Wednesday, following last session’s upward trend. NASDAQ Composite is rising 0.47% to $13,133.92, following last session’s upward trend, This seems, so far, a somewhat positive trend exchanging session today.
Zoom’s last close was $356.81, 60.15% below its 52-week high of $588.84.
The company’s growth estimates for the ongoing quarter and the next is 426.7% and 260%, respectively.
Year-on-year quarterly revenue growth grew by 366.5%, now sitting on 1.96B for the twelve trailing months.
Zoom’s last day, last week, and last month’s average volatility was a positive 5.66%, a negative 0.22%, and a negative 0.53%, respectively.
Zoom’s last day, last week, and last month’s high and low average amplitude percentage was 8.40%, 4.42%, and 4.37%, respectively.
Zoom’s Stock Yearly Top and Bottom Value
Zoom’s stock is valued at $367.68 at 16:08 EST, way below its 52-week high of $588.84 and way above its 52-week low of $70.26.
Zoom’s Moving Average
Zoom’s worth is below its 50-day moving average of $390.79 and under its 200-day moving average of $379.23.
Previous days news about Zoom
Zoom seeks to raise $1.5 billion through new stock offering. According to Bloomberg Quint on Tuesday, 12 January, "Still, Zoom said it expects an increase in sales of 330% in the current quarter, which ends in January."
Zoom aims to raise $1.5 billion via stock offering. According to The Wall Street Journal on Tuesday, 12 January, "Founded in 2011, Zoom raised $447.9 million in net proceeds through its initial public offering, according to one of its quarterly filings in 2019. ", "The company expects its free service to continue weighing on profitability, Zoom said in November. "
Zoom fills its war chest as pandemic's end nears. According to The Wall Street Journal on Tuesday, 12 January, "But Zoom is still valued at close to $100 billion, a level that software companies don’t typically reach until they have established multiple lines of business. ", "The shares will be sold by the company, and Zoom included the typical boiler plate explanation in its filing that the proceeds would be used for "working capital and general corporate purposes," with the possibility that the money also could help fund acquisitions though no current deals are in the works."