While Zuora Inc has overperformed by 1.15%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, ZUO rose by 39.21%, with highs and lows ranging from $12.12 to $7.05, whereas the simple moving average jumped by 18.61% in the last 200 days.
On January 23, 2024, Goldman Upgraded Zuora Inc (NYSE: ZUO) to Buy. A report published by Robert W. Baird on July 13, 2023, Initiated its previous ‘Neutral’ rating for ZUO. Lake Street also rated ZUO shares as ‘Buy’, setting a target price of $11 on the company’s shares in an initiating report dated January 31, 2023. Goldman Initiated an Neutral rating on October 21, 2022, and assigned a price target of $9. Needham October 11, 2021d its ‘Hold’ rating to ‘Buy’ for ZUO, as published in its report on October 11, 2021. Morgan Stanley’s report from October 01, 2021 suggests a price prediction of $18 for ZUO shares, giving the stock a ‘Equal-Weight’ rating. Craig Hallum also rated the stock as ‘Buy’.
Analysis of Zuora Inc (ZUO)
Further, the quarter-over-quarter increase in sales is 7.40%, showing a positive trend in the upcoming months.
Zuora Inc’s future performance can be determined with the help of several well-rounded types of analysis and research techniques, with equity being one of the most influential. The goal here is to ensure that your current return on equity of -59.08% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 2.37, 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.
The average volume for any stock is also a very valuable indicator of volatility, and ZUO has an average volume of 1.76M. On a monthly basis, the volatility of the stock is set at 4.22%, whereas on a weekly basis, it is put at 3.14%, with a gain of 6.59% over the past seven days. Furthermore, long-term investors anticipate a median target price of $11.50, showing growth from the present price of $10.51, which can serve as yet another indication of whether ZUO is worth investing in or should be passed over.
How Do You Analyze Zuora Inc Shares?
In addition to analyzing the fundamentals, it is also important to look at how many company employees own stock. 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 7.69%. 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 73.94% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
ZUO shares are owned by institutional investors to the tune of 73.94% at present.
