Zoom is a cloud-based conferencing software that you can make use of through your browser, desktop, or mobile application. Zoom gives users access to virtually communicate with contacts when it is challenging to meet physically for instance if you are remote work. Zoom stock.
Zoom has much more use than being a video chat software, as it gives users access to make recordings of meetings, share one another’s screens, and also create annotations.
Zoom Stock: How Zoom makes income
A basic Zoom account is free and also enables video meetings for a particular number of participants for a limited time. After this, Zoom gives three additional packages from £11.99 – £15.99* every month per host. When the price for the packages increases, limits on participant numbers and meeting lengths are reduced alongside additional features including cloud recording storage, dedicated support, and customization options.
Zoom Stock Price in 2021
After the Covid-19 pandemic, Zoom stock skyrocketed to a peak point of close to £570 in September 2020. Ever since then, Zoom’s share price reduced a little and is presently on a downtrend, trading goes for approximately £330 as of March 2021. This is still a higher price which it was trading at the same point in the year 2020.
Zoom currently trades at an overvalued rate, with its 12-month-trailing P/E ratio close to 444x times its EPS but if the company keeps working on its financial results and gains market share in the video conferencing industry, it can create a good future for the company.
How to Trade on Zoom
You can access and trade on zoom with the available choices of trading accounts. When you spread bet or trade CFDs on Zoom, you will have access to select features that may be made available when you trade with a conventional broker. When you decide to open a trade, you can either choose to buy Zoom and go long or sell Zoom and go short. If you lay a percentage of the full trade value as a deposit and receive exposure based on the full trade value. Kindly note that this will increase your gain and losses by the leverage ratio.
If you are interested in trading on zoom, you can follow the steps given below to successfully carry out trade in zoom:
- Open a live trading account. Open a live spread betting or CFD trading account. You can find out the differences between spread betting and CFD trading if you don’t know.
- Next, Research Zoom. You can make use of the analysis section and Morningstar company reports to discover if the Zoom price will increase or decrease. After this, go long and ‘buy’ Zoom if the price will increase, if not, go short and ‘sell’ Zoom if you discover the price will decrease.
- Also manage your risks when trading on zoom. Take place stop-loss and take-profit orders to make sure Zoom’s price does not increase or decrease without your awareness.
- Finally, place your trade after you have decided to go long or short, input your position size and place your trade on Zoom.