How Does Zedge, Inc. (ZDGE) Stack Up For Investors?

On Friday, shares of Zedge, Inc. (AMEX:ZDGE) marked $2.54 per share versus a previous $1.57 closing price. With having a 61.78% gain, an insight into the fundamental values of Zedge, Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. ZDGE showed a rise of 64.94% within its YTD performance, with highs and lows between $0.66 – $2.10 during the period of 52 weeks, compared to the simple moving average of 90.08% in the period of the last 200 days.

National Securities equity researchers changed the status of Zedge, Inc. (AMEX: ZDGE) shares to a “Buy” rating in the report published on June 25th, 2020.

Zedge, Inc. (ZDGE) Analysis

The present dividend yield for ZDGE owners is set at 0, marking the return investors will get regardless of the company’s performance in the upcoming period. However, in order for the company to be able to pay its dividends, just like it is the case with Zedge, Inc., the company needs to provide a healthy cash flow, currently at the value of 74.99. In addition, the growth of sales from quarter to quarter is recording 10.50%, hinting the company’s progress in the upcoming progress.

In order to gain a clear insight on the performance of Zedge, Inc. (ZDGE) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of -32.20% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 2.20 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.

Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while ZDGE is currently recording an average of 38.98K in volumes. The volatility of the stock on monthly basis is set at 8.74%, while the weekly volatility levels are marked at 16.26%with 76.39% of gain in the last seven days.

What to Look for When Analyzing Zedge, Inc. Shares?

Zedge, Inc. (ZDGE) is based in the USA and it represents one of the well-known company operating with Technology sector. If you wish to compare ZDGE shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of for Zedge, Inc., while the value can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value -0.22 is supported by the yearly EPS growth of -177.90%.

Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 2.30%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 22.70% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.

Are Institutional Investors Increasing Stakes in ZDGE Shares?

It appears that more than several institutional investors and hedge funds decided to increase stakes in ZDGE in the recent period. That is how Renaissance Technologies LLC now has an increase position in ZDGE by 6.83% in the first quarter, owning 263573 shares of ZDGE stocks, with the value of $384817 after the purchase of an additional 16,859 shares during the last quarter. In the meanwhile, The Vanguard Group, Inc. also increased their stake in ZDGE shares changed 0.00% in the first quarter, which means that the company now owns 175670 shares of company, all valued at $256478 after the acquisition of additional 0 shares during the last quarter.

Coastal Bridge Advisors LLC acquired a new position in Zedge, Inc. during the first quarter, with the value of $114063, and Geode Capital Management LLC increased their stake in the company’s shares by 0.00% in the first quarter, now owning 0 shares valued at $96988 after the acquisition of the additional 66430 shares during the last quarter. At the present, 22.70% of ZDGE shares are in the ownership of institutional investors.

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