In the past week, ZDGE stock has gone up by 15.02%, with a monthly gain of 18.78% and a quarterly plunge of -7.32%. The volatility ratio for the week is 9.50%, and the volatility levels for the last 30 days are 8.27% for Zedge Inc The simple moving average for the past 20 days is 19.45% for ZDGE’s stock, with a 20.00% simple moving average for the past 200 days.
Is It Worth Investing in Zedge Inc (AMEX: ZDGE) Right Now?
The 36-month beta value for ZDGE is also noteworthy at 1.13. There are mixed opinions on the stock, with 0 analysts rating it as a “buy,” 0 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”
The public float for ZDGE is 11.90M, and at present, short sellers hold a 0.03% of that float. The average trading volume of ZDGE on May 07, 2024 was 79.00K shares.
ZDGE) stock’s latest price update
Zedge Inc (AMEX: ZDGE) has experienced a rise in its stock price by 11.07 compared to its previous closing price of 2.62. However, the company has seen a gain of 15.02% in its stock price over the last five trading days. InvestorPlace reported 2024-05-02 that Penny stocks remain a good bet for investors seeking big gains. Of course, investors in such stocks require a high-risk tolerance and a strong stomach for volatility.
Analysts’ Opinion of ZDGE
Many brokerage firms have already submitted their reports for ZDGE stocks, with Maxim Group repeating the rating for ZDGE by listing it as a “Buy.” The predicted price for ZDGE in the upcoming period, according to Maxim Group is $24 based on the research report published on March 16, 2021 of the previous year 2021.
Maxim Group, on the other hand, stated in their research note that they expect to see ZDGE reach a price target of $19. The rating they have provided for ZDGE stocks is “Buy” according to the report published on February 11th, 2021.
National Securities gave a rating of “Buy” to ZDGE, setting the target price at $3 in the report published on June 25th of the previous year.
ZDGE Trading at -1.08% from the 50-Day Moving Average
After a stumble in the market that brought ZDGE to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -43.82% of loss for the given period.
Volatility was left at 8.27%, however, over the last 30 days, the volatility rate increased by 9.50%, as shares surge +18.78% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -25.38% lower at present.
During the last 5 trading sessions, ZDGE rose by +15.02%, which changed the moving average for the period of 200-days by +26.52% in comparison to the 20-day moving average, which settled at $2.46. In addition, Zedge Inc saw 23.83% in overturn over a single year, with a tendency to cut further gains.
Stock Fundamentals for ZDGE
Current profitability levels for the company are sitting at:
- 0.34 for the present operating margin
- 0.9 for the gross margin
The net margin for Zedge Inc stands at -0.59. The total capital return value is set at 0.31. Equity return is now at value -43.83, with -36.35 for asset returns.
Based on Zedge Inc (ZDGE), the company’s capital structure generated 0.01 points at debt to capital in total, while cash flow to debt ratio is standing at 17.46. The debt to equity ratio resting at 0.01. The interest coverage ratio of the stock is 2.46.
Currently, EBITDA for the company is 9.89 million with net debt to EBITDA at -1.37. When we switch over and look at the enterprise to sales, we see a ratio of 0.81. The receivables turnover for the company is 8.39for trailing twelve months and the total asset turnover is 0.76. The liquidity ratio also appears to be rather interesting for investors as it stands at 3.78.
Conclusion
In summary, Zedge Inc (ZDGE) has had a better performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
