But the day moving average steadily declined throughout the second half of, despite a subtle bump in early November, indicating a bearish advantage. Come global lockdown, the chart proceeded to show continual and dramatic bull patterns, including a skyrocketing Although bears cut this figure down somewhat, Zoom stock continued to climb.ĭespite more pronounced bearish dips in the following 12 months, moving averages still continued to rise, propelled by rising support and resistance lines clearly evident on the chart.Īs the Delta variant of Covid began to sweep across the globe, entrenching the popularity of working from home, so too did the popularity of Zoom, regaining some of its value. The quarterly results left the company feeling positive about its immediate future. At time of writing, ZM is Operating cash flow was marginally lower compared to the second quarter, driven by increased marketing and research and development expenses. Zoom’s shares went south on 22 November, opening lower still the following day. Investors responded cautiously to this decelerating growth rate.
Can Zoom prove to be more than a Covid stock? We dive into the key quarterly figures and look into the Zoom stock forecast. Increasing competition in the sector, coupled with lockdown restrictions being eased, pared back the Zoom share price forecast among analysts. But despite these impressive gains, investor confidence has cooled-off somewhat recently. The company’s shares skyrocketed accordingly, nearly tripling in value between April and October.
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