Shares of Zoom fell 5.67% to $385.81 at 09:40 EST on Wednesday, after two sequential sessions in a row of gains. The Nasdaq Stock Market is rising 0.51% to $12,807.90, after two successive sessions in a row of losses. This seems, so far, a somewhat positive trend exchanging session today.
Zoom’s last close was $408.97, 52.62% below its 52-week high of $588.84.
The company’s growth estimates for the current quarter and the next is 433.3% and 280%, respectively.
Year-on-year quarterly revenue growth grew by 366.5%, now sitting on 1.96B for the twelve trailing months.
Zoom’s Stock Yearly Top and Bottom Value
Zoom’s stock is valued at $385.81 at 09:40 EST, way under its 52-week high of $588.84 and way higher than its 52-week low of $65.52.
Zoom’s Moving Average
Zoom’s worth is below its 50-day moving average of $422.86 and above its 200-day moving average of $364.77.
Previous days news about Zoom
Zoom CEO eric Yuan says that one key piece of advice helped him survive a chaotic, high-growth year: 'enjoy everything'. According to Business Insider on Sun Dec 20, ""From an outsider perspective, the growth is great," Yuan said before admitting that, internally, Zoom needed to go into crunch-mode to accommodate its new user base.", "Zoom has had an eye-popping year of growth because of the coronavirus pandemic."
Zoom could acquire smartsheet and dropbox to become a 'collaboration titan' that competes with Microsoft and google, analyst predicts. According to Business Insider on Sun Dec 20, "Ultimately, these acquisitions would make Zoom a more effective competitor, long-term, to Microsoft, RBC’s Alex Zukin told Business Insider.", "Additionally, Zoom’s unprecedented rise this year may have it looking to diversify its product portfolio in the future."
Tesla, Zoom, Nike: what to watch when the stock market opens today. According to The Wall Street Journal on Mon Dec 21, "Natural gas company ONEOK fell more than 9.5%.- Zoom Video Communications , which has benefited from stay-at-home orders, jumped almost 5% premarket."