Zedge Inc [AMEX: ZDGE] jumped around 0.03 points on previous day while shares priced at $3.91 at the close of the session, up 0.77%.
Compared to the average trading volume of 132.55K shares, ZDGE reached a trading volume of 477135 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Zedge Inc [ZDGE]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZDGE shares is $5.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ZDGE stock is a recommendation set at 1.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Maxim Group have made an estimate for Zedge Inc shares, keeping their opinion on the stock as Buy, with their previous recommendation back on March 16, 2021. While these analysts kept the previous recommendation, Maxim Group raised their target price to Buy. The new note on the price target was released on February 11, 2021, representing the official price target for Zedge Inc stock. Previously, the target price had yet another raise to $3, while National Securities analysts kept a Buy rating on ZDGE stock.
The Average True Range (ATR) for Zedge Inc is set at 0.28, with the Price to Sales ratio for ZDGE stock in the period of the last 12 months amounting to 1.81. The Price to Book ratio for the last quarter was 1.88, with the Price to Cash per share for the same quarter was set at 1.50. Price to Free Cash Flow for ZDGE in the course of the last twelve months was 18.38 with Quick ratio for the last quarter at 3.39.
How has ZDGE stock performed recently?
Zedge Inc [ZDGE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 45.35. With this latest performance, ZDGE shares gained by 70.00% in over the last four-week period, additionally plugging by 43.22% over the last 6 months – not to mention a rise of 31.65% in the past year of trading.
Zedge Inc [ZDGE]: Deeper insight into the fundamentals
Operating Margin for any stock indicates how profitable investing would be, and Zedge Inc [ZDGE] shares currently have an operating margin of -2.36% and a Gross Margin at 89.57%. Zedge Inc’s Net Margin is presently recorded at -6.34%.
Return on Equity for this stock declined to -4.93%, with Return on Assets sitting at -4.93%.
Earnings analysis for Zedge Inc [ZDGE]
The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ZDGE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Zedge Inc go to 17.33%.
Insider trade positions for Zedge Inc [ZDGE]
There are presently around $15.01%, or 18.00%% of ZDGE stock, in the hands of institutional investors. The top three institutional holders of ZDGE stocks are: VANGUARD GROUP INC with ownership of 0.64 million shares, which is approximately 4.5495%. RENAISSANCE TECHNOLOGIES LLC, holding 0.51 million shares of the stock with an approximate value of $$1.54 million in ZDGE stocks shares; and RENAISSANCE TECHNOLOGIES LLC, currently with $$0.35 million in ZDGE stock with ownership which is approximately 0.8117%.
