Zscaler, Inc. (NASDAQ:ZS) current P/S is an impressive 0. The overall EDP Services group has an average P/S ratio of 5.2, which is significantly worse than the sector’s 2.47.
ZS traded at an unexpectedly high level on 07/08/2019 when the stock experienced a 0.88% gain to a closing price of $83.79. The company saw 2850005 shares trade hands over the course of the day. Given that its average daily volume over the 5 sessions has been 2472880 shares a day, this signifies a pretty significant change over the norm.
Analysts are speculating a 7.41% move, based on the high target price ($90) for the shares that is set to reach in the next 12 months. The analysts, on average, are forecasting a $78.27 price target, but the stock is already up 172.75% from its recent lows. However, the stock is trading at 0.44% versus recent highs ($83.42). Analysts believe that we could see stock price minimum in the $52 range (lowest target price), allowing for another -37.94% drop from its current position. Leading up to this report, we have seen a 15.84% rise in the stock price over the last 30 days and a 32.71% increase over the past 3 months. Overall, the share price is up 113.7% so far this year. Additionally, the stock had a day price range of $81.2 to $84.57.Zscaler, Inc. (ZS) Price Potential
Heading into the stock price potential, Zscaler, Inc. by far traveled -6.91% after crossing its median price target of $78. In order to determine directional movement, the 50-day and 200-day moving averages for Zscaler, Inc. (NASDAQ:ZS) are $75.68 and $61.58. Given that liquidity is king in the short-term, ZS is a stock with 127.07 million shares outstanding that normally trades 11.38% of its float. The stock price recently experienced a 5-day gain of 9.33% with 3.32 average true range (ATR). ZS has a beta of 0 and RSI is 66.78.
Investors also need to beware of the Dropbox, Inc. (NASDAQ:DBX) valuations. The stock trades on a P/S of 7.06, which suggests that the shares are attractive compared with peers. The broad Computer Software: Prepackaged Software industry has an average P/S ratio of 9.74, which is significantly better than the sector’s 18.17.Dropbox, Inc. (DBX)’s Lead Over its Technicals
Dropbox, Inc. by far traveled 34.86% versus a 1-year low price of $18.5. The share price was last seen -0.83% lower, reaching at $24.95 on Jul. 08, 2019. At recent session, the prices were hovering between $24.72 and $25.31. This company shares are 29.34% off its target price of $32.27 and the current market capitalization stands at $10.22B. The recent change has given its price a 5.81% lead over SMA 50 and -28.61% deficit over its 52-week high. The stock witnessed 9.24% gains, 13.67% gains and 17.25% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found DBX’s volatility during a week at 2.14% and during a month it has been found around 2.77%.
Dropbox, Inc. (DBX) exchanged hands at an unexpectedly high level of 3593435 shares over the course of the day. Noting its average daily volume at 3492120 shares each day over the month, this signifies a pretty significant change over the norm.Dropbox, Inc. Target Levels
The market experts are predicting a 48.3% rally, based on the high target price of $37 for Dropbox, Inc. shares that is likely to be hit in the 52 weeks. Analysts anticipate that traders could see stock price minimum in the $25 range (lowest target price). If faced, it would be a 0.2% jump from its current position. Overall, the share price is up 22.12% year to date [T2].