For starters, market cap changes frequently, and it’s closely tied to the company’s current share price. Market cap does have its drawbacks as an evaluation method, however. Zoom currently has 242.24 million shares outstanding, so 242.24 million times the closing stock price of $108.48 on March 8 equals about $32.288 billion. So, for example, if a company has issued 1 million shares of stock and its share price is $50, the company has a market capitalization of $50 million. Market capitalization is simply the number of outstanding stock shares a company has issued times its current market price.

The price has dropped considerably since then, to just over $108 on March 8. 12, 2020, before settling down to $337.32 by the end of the year. 6, 2020, Zoom’s share price reached a high closing price of $559 on Oct. To see how much Zoom is worth, take a look at this snapshot of the company’s current state, along with a discussion of the company’s history, value and future outlook.įrom a low of $73.09 on Jan. What that looks like in terms of the company’s value, however, remains to be seen. Even as people return to work and the classroom, the rise in work-from-home employment will likely continue to make Zoom a popular option. Zoom’s business model is to bring people and businesses together via online video conferencing. But the stock price has declined significantly since then, and with it, Zoom’s worth. Zoom’s share price followed suit, jumping to a high closing price of $559 in October 2020, more than eight times its price at the beginning of that year.

The company’s value absolutely exploded in 2020, according to its market capitalization. If you’ve used a Zoom video conference since the beginning of the coronavirus pandemic, you’re not alone.

Why did zoom stock drop