Zoom stock has been gaining popularity in recent years. The company is an American communications technology company headquartered in San Jose, California. Its product line includes wireless and fixed-line video and audio technology. In addition, the company offers a variety of other products. Zoom stock may be a good investment for investors who want to invest in this growing company.
Zoom has remained profitable during its last fiscal year, and expects to generate $1.5 billion in operating earnings this year. The company has a low debt burden and is relatively aggressive when it comes to growth initiatives. However, it may need to dial back its expansion plans in the event of a recession. Therefore, it is important to keep this in mind when evaluating Zoom stock.
When investing in Zoom stock, investors should research the company well. If they believe the share price is likely to increase, they should buy the shares, while if they think it will decline, they should sell. It is important to manage risk when trading, so make sure to use stop-loss and take-profit orders.
Zoom stocks once were one of the hottest trades on Wall Street. Its stock increased 50% or more year-over-year, and the COVID-19 pandemic further fuelled its growth. The company’s shares had reached an all-time high of $588 by October 2020. The stock has since slid back, and is now trading below $300. Zoom stock has never paid a dividend, making it a classic growth stock.