Buy Zoom Stock Or Not

It s not just the rapid shift to remote work that has zoom sitting in the catbird seat.

Buy zoom stock or not. Zoom stock is down. Still overvalued or a buy at recent prices. But if you want to buy zoom stock make sure you re buying the right one. Zoom is overvalued using traditional metrics so are a lot of small fast growing companies. Buy hold grade.

This is not a stock to buy with money an investor can t afford to lose. Of course no stock investment is without risk. Founded in 2011. 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. Just one number will convince you not to buy zoom stock.

Zoom just added more than 60 000 business customers in a single quarter 11 reasons to buy zoom and never sell themotleyfool. Zoom went public in march last year and made a strong debut on the tech heavy nasdaq. In terms of proximity to its 52 week high which is a key factor that our buy hold grade considers zm is positioned unfavorably. 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. The second reason will blow your mind.

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. 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. There s zoom video communications zm the video conferencing company that most of you are probably at least familiar. Spce stock can go to zero. But i mean if you look at the growth.

Zoom video communications cloud native. Metrics like this help explain why zoom s stock is on fire. The stock is currently trading 30 7 below its 52 week high of 588 84 which it hit on october 19 th.