Buy Zoom Stock Or Not

Founded in 2011.

Buy zoom stock or not. Still overvalued or a buy at recent prices. There s zoom video communications zm the video conferencing company that most of you are probably at least familiar. 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. 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.

But if you want to buy zoom stock make sure you re buying the right one. Metrics like this help explain why zoom s stock is on fire. But i mean if you look at the growth. Zoom went public in march last year and made a strong debut on the tech heavy nasdaq. Zoom video communications cloud native.

This is not a stock to buy with money an investor can t afford to lose. Zoom is overvalued using traditional metrics so are a lot of small fast growing companies. The stock is currently trading 30 7 below its 52 week high of 588 84 which it hit on october 19 th. Spce stock can go to zero. It s not just the rapid shift to remote work that has zoom sitting in the catbird seat.

Of course no stock investment is without risk. Buy hold grade. 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. I have not been one for using traditional metrics. Zoom just added more than 60 000 business customers in a single quarter 11 reasons to buy zoom and never sell themotleyfool.

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. But it bears repeating. Zoom stock is down.