![]() Zoom stock just crashed here’s the simplest reason why Nov 09, In April, Zoom announced its IPO priced at 36 per share, which implied a market capitalization of approximately billion. That's a forward price-to-sales ratio of over 45 - extremely pricey. Zoom stock formed a cup chart pattern over nearly eight months, hitting a low of on Oct. The company's current market capitalization is nearly $119 billion compared with guided full-year fiscal 2021 revenue of almost $2.6 billion. ![]() There are different ways to measure it, but for growth stocks like Zoom, a commonly utilized metric is the price-to-sales ratio. in the article, Stock Market Volatility: Recession Worries Flare. Some of today's drop is undoubtedly attributable to those selling in search of the next big thing.Įven for long-term investors, one can appreciate the small dip in Zoom's stock price considering its current valuation. S hares of Zoom Technologies Inc. Asia finished mostly higher and Europe is mostly lower as the markets in the region. ![]() For momentum traders, these outsize gains are likely far too enticing to pass up considering the company's growth rate is expected to start moderating in coming quarters. While news from the company has been largely positive, with its Covid-19 vaccine receiving emergency approval. Now whatĮven with today's drop in price, Zoom stock is still up over 500% year to date. Moderna’s (NASDAQ: MRNA) stock has declined by roughly 25 over the last two weeks. For the upcoming fiscal fourth quarter, it's guiding for $806 million to $811 million in revenue, which is 329% year-over-year growth at the midpoint. But this company may have already reached the peak of its pandemic-fueled growth. With the COVID-19 pandemic affecting many aspects of everyday life, Zoom has become a ubiquitous tool helping many people address their educational, work, and social needs.
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