If you haven’t heard of Zoom Video Communications, Inc., you should know that the company is an American communications technology company headquartered in San Jose, California. This company is a leading provider of mobile video services. Founded in 1995, it has become a global player in the mobile video industry. Its stock is currently valued at $18.
If you are interested in investing in Zoom stock, you should start by opening a brokerage account. Look for a low account minimum, no trade commissions, and a user-friendly trading platform. Once you have your account, you can transfer funds into it and begin buying Zoom stock. In addition, you can buy Zoom stock directly from your bank account.
Although Zoom is having a difficult year, it has plenty of room to grow. The company’s enterprise division is expanding sales rapidly, and that segment is expected to remain a strong growth avenue for the foreseeable future. The company also has a strong balance sheet, with cash and debt levels at a healthy level.
In the last year, Zoom stocks have fallen 71% from their peak. They’re at just below the level they reached in February 2020. Investors’ pessimism has led to a sharp decline in Zoom’s price-to-sales ratio. However, this company’s stock is likely to bounce back soon, as long as Wall Street sentiment improves.
Zoom’s biggest targets are business productivity and communication. With a strong product line up of popular phone and chat services, it’s positioned to become a major player in these two sectors. But in order to continue to grow, the company will need to expand its sales footprint. Zoom’s management has made clear that the enterprise market continues to be strong, and that is a significant growth opportunity.
Investing in Zoom stock requires careful research. You should buy Zoom if you think that its share price will rise in the near future. However, you should consider the risks associated with such a volatile industry. It’s important to manage risk and place stop-loss and take-profit orders. A trader can use technical indicators to make the right decision.