While Zscaler Inc has overperformed by 1.06%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ZS rose by 87.09%, with highs and lows ranging from $259.61 to $84.93, whereas the simple moving average jumped by 8.50% in the last 200 days.
On January 18, 2024, Bernstein started tracking Zscaler Inc (NASDAQ: ZS) recommending Outperform. A report published by KeyBanc Capital Markets on January 17, 2024, Initiated its previous ‘Sector Weight’ rating for ZS. Oppenheimer also reiterated ZS shares as ‘Outperform’, quoting a target price of $290 on the company’s shares in a report dated January 03, 2024. Susquehanna Initiated an Positive rating on December 15, 2023, and assigned a price target of $275. Macquarie December 12, 2023d its ‘Neutral’ rating to ‘Outperform’ for ZS, as published in its report on December 12, 2023. Needham’s report from November 28, 2023 suggests a price prediction of $225 for ZS shares, giving the stock a ‘Strong Buy’ rating. Jefferies also rated the stock as ‘Buy’.
Analysis of Zscaler Inc (ZS)
Further, the quarter-over-quarter increase in sales is 35.45%, showing a positive trend in the upcoming months.
To gain a thorough understanding of Zscaler Inc’s future performance, several well-rounded types of analysis and research techniques can be used, with equity being among the most crucial. The goal here is to ensure that your current return on equity of -18.64% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 1.90, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
It is also very valuable to look at average volume as an indicator of volatility for a stock, and ZS is recording an average volume of 2.36M. On a monthly basis, the volatility of the stock is set at 3.99%, whereas on a weekly basis, it is put at 2.80%, with a loss of -2.05% over the past seven days. Furthermore, long-term investors anticipate a median target price of $261.92, showing growth from the present price of $197.30, which can serve as yet another indication of whether ZS is worth investing in or should be passed over.
How Do You Analyze Zscaler Inc Shares?
The number of employees owning shares of the company should also be considered in addition to the fundamentals. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 40.83%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 48.21% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ZS shares are owned by institutional investors to the tune of 48.21% at present.
