Zedge, Inc. (ZDGE) Stock: A Tech Stock That’s Seeing Strong Gains

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Zedge, Inc. (ZDGE) is gaining in the market in today’s trading session. The company, one that is focused in the tech sector, is presently priced at $1.55 after heading up 6.97% so far in today’s session. As it relates to tech companies, there are several factors that have the ability to generate gains in the market. News tends to be one of the biggest reasons for the movement. Here are the most recent stories centered around ZDGE:

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Jul-24-19 12:17PM If You Had Bought Zedge (NYSEMKT:ZDGE) Stock Three Years Ago, You’d Be Sitting On A 63% Loss, Today
Jun-12-19 04:10PM Zedge Announces Third Quarter Fiscal 2019 Results
02:30PM Zedge, Inc. to Host Earnings Call
May-29-19 06:30AM Zedge to Report Third Fiscal Quarter 2019 Results
May-25-19 09:56AM Should You Be Concerned About Zedge, Inc.’s (NYSEMKT:ZDGE) Historical Volatility?

However, any time investors are making a decision to invest, investors should focus on much more than news, especially in the ever evolving technology industry. Here’s what’s happening with Zedge, Inc..

Recent Moves From ZDGE

While a single session gain, like the gain that we’re seeing from Zedge, Inc. may cause excitement in some investors, a single session move alone shouldn’t be the basis of a decision to, or not to, invest in a company. It is generally smart to look at trends experienced by the stock beyond a single trading session. As it relates to ZDGE, below are the returns on investment that investors have experienced:

  • Past 5 Trading Sessions – In the last seven days, ZDGE has seen a change in price in the amount of 0.71%.
  • Past 30 Days – The monthly performance from Zedge, Inc. works out to -7.68%.
  • Past Three Months – Throughout the last three months, the stock has produced a ROI that comes to -25.30%
  • Bi-Annually – Over the past six months, we’ve seen a performance that works out to -24.34% from the company.
  • This Year So Far – Since the close of last year ZDGE has produced a ROI of -36.64%.
  • Annually – Finally, in the last full year, we’ve seen movement that comes to -41.25% out of ZDGE. In this period, the stock has sold at a high price of -57.51% and a low of 16.62%.

Key Ratios

Looking at a few key ratios associated with a stock can give investors a view of just how risky and/or rewarding a an investment option may be. Below are some of the important ratios to look at when looking at ZDGE.

Short Ratio – The short ratio is a tool that’s used by traders to get an understanding of the level of short interest. As the short ratio climbs, it means that more investors believe that the value of the stock is headed for declines. Across the sector, strong tech stocks can carry a lower short ratio. However, we tend to see a lot of short squeezes in the space. Nonetheless, as it relates to Zedge, Inc., it’s short ratio is 0.58.

Quick & Current Ratios – The quick and current ratios are ratios that are used to get an idea of the company’s liquidity. Basically, they measure whether or not a company can pay for its debts when they come due with only quick assets or current assets. In the tech space, several companies are heavily reliant on continued support from investors as they work to bring new technologies to market, the current and quick ratios can look upsetting. However, some good picks in the technology industry come with strong quick and current ratios. In terms of ZDGE, the quick and current ratios total up to 1.90 and 1.90 respectively.  

Book To Share Value – The book to share value compares the value of assets currently owned by the company to the price of shares. In the case of Zedge, Inc., the book to share value ratio works out to 0.80.

Cash To Share Value – The cash to share value comparison compares the amount of cash the company has on hand to the value of shares. In this case, the cash to share value ratio comes to 0.22.

Show Me The Big Money

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:

  • Institutions – As it stands now, institutions hold 26.60% of Zedge, Inc.. However, it is important to consider that the ownership held by institutions has moved in the amount of 1.29% over the past quarter.
  • Insider Moves – with regard to insiders, insiders of the company currently own 15.10% of the company. Their ownership of the company has seen a move of 0.00% in the last 3 months.

What Analysts Think About Zedge, Inc.

While it’s not a smart idea to avoid doing your due diligence and blindly following the opinions of analysts, it is a good idea to use their thoughts to validate your own when it comes to making investment decisions in the tech space. Here are the most recent moves that we’ve seen from analysts with regard to ZDGE.

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What We’ve Seen In Financial Results

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0. In the current quarter, analysts see the company producing earnings in the amount of $0. Over the last 5 years, ZDGE has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of -277.20% and revenue has seen movement of -26.90%.

A Look At Share Counts

Investors and traders tend to have an interest in the total numbers of shares both outstanding and available. As far as Zedge, Inc., there are currently 10.00M and there is a float of 7.61M. These data mean that of the total of 10.00M shares of ZDGE that are out there today, 7.61M are able to trade hands by the public.

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 0.07%.

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