Zendesk (ZEN) has been under a strong bear grip, hence the stock is down -1.7% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.81% in the past 1 week. The stock has risen by 2.98% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.23% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 1.16% and the 50-Day Moving Average is 2.02%.The 200 Day SMA reached 23.6%
Zendesk (NYSE:ZEN): After opening at $30.41, the stock dipped to an intraday low of $30.19 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $30.95 and the buying power remained strong till the end. The stock closed at $30.71 for the day, a gain of 1.22% for the day session. The total traded volume was 944,296. The stocks close on the previous trading day was $30.71.
Zendesk (ZEN) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $35 and the lowest price target forecast is $28. The average forecast of all the analysts is $33.11 and the expected standard deviation is $2.47.
Zendesk, Inc. (Zendesk) is a software development company. The Company provides software as a service (SaaS) customer service platform. The Company answers customers questions and solves their problems through email, chat, voice, social media and Websites. Its platform also helps people find answers on their own through knowledge bases and communities. The Companys platform consolidates the data from customer interactions and provides organizations with analytics and performance benchmarking. The Company, through its subsidiary Zopim, provides live chat software as a standalone service and as an integrated service with its customer service platform for chat-enabled agents. The Company also offers freemium plans for its customer service platform and live chat software, as well as email collaboration software. Its customers are located in 150 countries and territories and provide service through its customer service platform in over 40 languages.