Buy Zoom Stock Or Not

Metrics like this help explain why zoom s stock is on fire.

Buy zoom stock or not. Still overvalued or a buy at recent prices. Zoom video communications cloud native. The stock is currently trading 30 7 below its 52 week high of 588 84 which it hit on october 19 th. Zoom is the leader in modern enterprise video communications with an easy reliable cloud platform for video and audio conferencing chat and webinars across mobile desktop and room systems. There s zoom video communications zm the video conferencing company that most of you are probably at least familiar.

Zoom just added more than 60 000 business customers in a single quarter 11 reasons to buy zoom and never sell themotleyfool. Founded in 2011. Buy hold grade. This is not a stock to buy with money an investor can t afford to lose. Just one number will convince you not to buy zoom stock.

That means you want to buy stocks with a zacks rank 1 or 2 strong buy or buy which also has a score of an a or a b in your personal trading style. But it bears repeating. Zoom rooms is the original software based conference room solution used around the world in board conference huddle and training rooms as well as executive offices and classrooms. Zoom went public in march last year and made a strong debut on the tech heavy nasdaq. Zoom stock is down.

But if you want to buy zoom stock make sure you re buying the right one. The second reason will blow your mind. In terms of proximity to its 52 week high which is a key factor that our buy hold grade considers zm is positioned unfavorably. In short zoom stock may still be worth buying today as long as the position is kept small and investors plan to hold for five years or more. 3 reasons zoom stock should bounce back there are even better reasons to buy zoom now than there were when the week began.

But i mean if you look at the growth. Of course no stock investment is without risk. It s not just the rapid shift to remote work that has zoom sitting in the catbird seat.