Zedge, Inc. (ZDGE) Stock: A Strong Pick In The Tech Space?


Zedge, Inc. (ZDGE) is headed up in the market in today’s trading session. The company, one that is focused in the technology space, is presently trading at $1.87 after heading down -6.50% so far in today’s session. As it relates to tech stocks, there are quite a few aspects that have the potential to generate declines in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent trending headlines associated with ZDGE:

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Mar-18-19 03:55PM What Kind Of Shareholder Owns Most Zedge, Inc. (NYSEMKT:ZDGE) Stock?
Mar-13-19 04:10PM Zedge Announces Second Quarter Fiscal 2019 Results
Feb-27-19 06:30AM Zedge to Report Second Fiscal Quarter 2019 Results
Dec-11-18 03:10PM Zedge Announces First Quarter Fiscal 2019 Results
Dec-05-18 05:30AM Zedge Introduces Self-Publishing Tool for Artists, Brands, and Creators

Nonetheless, any time investors are making an investing decision, investors should look into much more than just news, especially in the ever evolving technology space. Here’s what’s happing when it comes to Zedge, Inc..

Returns That ZDGE Investors Have Seen

While a move down in a single session, like what we’re seeing from Zedge, Inc. may lead to fear in some investors, that alone should not be the basis of a decision to, or not to, invest in a stock. It is generally a good idea to take a look at trends experienced by the stock further out than a single session. In the case of ZDGE, here are the returns that we have seen:

  • Past 5 Sessions – In the past 5 trading sessions, ZDGE has generated a price change amounting to 6.86%.
  • Past 30 Days – The monthly performance from Zedge, Inc. works out to -5.56%.
  • Past Quarter – Over the past 3 months, the company has produced a return on investment that works out to -23.05%
  • Bi-Annually – Over the last six months, investors have seen a change of -22.73% from the company.
  • YTD – Since the the last trading session of last year ZDGE has produced a ROI of -23.61%.
  • Full Year – Lastly, in the past year, investors have seen a change that works out to -47.18% from ZDGE. Over this period, the stock has sold at a high of -56.91% and a low of 13.99%.

Ratios To Pay Attention To

Digging into a few key ratios associated with a stock generally gives traders a view of how dangerous and/or rewarding a an investment option might be. Below are some of the most important ratios to look at when looking at ZDGE.

Short Ratio – The short ratio is a tool that’s used by investors to measure the level of short interest. The higher this ratio, the more investors are expecting that the value of the stock is going to fall. Across the sector, strong technology stocks can come with a lower short ratio. However, we also see quite a few short squeezes in the sector. Nonetheless, in relation to Zedge, Inc., the stock’s short ratio comes to 1.98.

Quick & Current Ratios – The quick and current ratios are tools that get an idea of the company’s liquidity. Essentially, they measure If a company is able to pay its debts when they mature with only current assets or quick assets. Because in tech, many companies are reliant on continued investor support as they work to bring new technologies to market, these ratios can seem bad. However, several better companies in the technology space come with great quick and current ratios. As far as ZDGE, the quick and current ratios work out to 2.80 and 2.80 respectively.  

Book To Share Value – The book to share value ratio compares the book value of assets currently owned by the company to the share price of the stock. In the case of Zedge, Inc., that ratio comes in at 0.92.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the value of the company’s stock. In this case, the cash to share value ratio works out to 0.24.

What Institutions And Insiders Think Of Zedge, Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in ZDGE, here’s what we’re seeing:

  • Institutional Investors – As it stands now, institutional investors own 26.10% of ZDGE. Nonetheless, it’s worth noting that the ownership held by institutions has changed in the amount of 4.19% over the past 3 months.
  • Investors On The Inside – as it relates to insiders, those close to the situation currently hold 1.40% of Zedge, Inc.. Their ownership of the company has moved 0.00% in the past 3 months.

What Analysts Say About Zedge, Inc.

Although it’s never a smart idea to blindly follow the opinions of analysts, it is a smart idea to use their analysis in order to validate your own due diligence when it comes to making an investment decision in the tech space. Below are the recent moves that we’ve seen from analysts as it relates to ZDGE.

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What We’ve Seen In earnings results

What have ween seen from ZDGE in terms of financial results?Here’s the data:

  • Analyst Expectations – At the moment, Wall Street analysts expect that Zedge, Inc. will come up with EPS coming to a total of 0, with 0 to be reported in the earnings report for the current quarter. Although this data isn’t based on earnings, because we’re talking about analysts, Zedge, Inc. is currently rated a 0 when rated on a scale from 1 to 5 on which 1 is the poorest possible Wall Street analyst grade and 5 is the best possible rating.
  • 5-Year Sales – In the past half decade, Zedge, Inc. has announced a change in revenue that adds up to 0. Earnings per share in the last half decade have generated a change of 0.
  • Quarter Over Quarter – In terms of quarter over quarter earnings data, or Q/Q data as it is commonly explained in the human world, ZDGE has experienced a change in earnings that comes to a total of 0. The company has also experienced movement when it comes to revenue that totals -13.30%.

A Look At Share Counts

Traders and investors tend to have an interest in the total numbers of shares both available and outstanding. With respect to Zedge, Inc., there are currently 11.42M and there is a float of 7.58M. This means that of the total of 11.42M shares of ZDGE in existence today, 7.58M are able to be traded on the market.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to ZDGE, the short percent of the float is 0.13%.

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