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


Zedge, Inc. (ZDGE) is gaining in the market in today’s trading session. The stock, focused on the tech sector, is currently priced at $1.94 after heading up 14.12% so far today. In terms of tech stocks, there are a number of factors that have the potential to cause gains in the market. News tends to be one of the biggest reasons for the movement. Here are the recent trending headlines associated with ZDGE:

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Oct-24-19 04:10PM Zedge Announces Fourth Quarter and Full Year Fiscal 2019 Results
Oct-11-19 06:30AM Zedge to Report Fourth Quarter And Full Fiscal 2019 Results
Sep-24-19 10:05AM Is Zedge (NYSEMKT:ZDGE) In A Good Position To Deliver On Growth Plans?
Sep-03-19 06:30AM Tom Arnoy Resigns as CEO of Zedge
Aug-29-19 06:30AM Zedge, Inc. to Present at the Fall Investor Summit on September 16th-17th in New York City

However, any time investors are making an investing decision, investors should look at much more than news, this is especially the case in the ever changing technology industry. Here’s what’s going on with Zedge, Inc..

Recent Trends From ZDGE

Although a move up on a single session, like the gain that we’re seeing from Zedge, Inc. may make some investors happy, a single session gain alone should not be the basis of a decision to, or not to, invest in a company. It is generally important to take a look at trends just a single trading day. As it relates to ZDGE, below are the returns that we’ve seen:

  • Weekly – Throughout the past five trading sessions, ZDGE has seen a price change in the amount of 9.38%.
  • Monthly – The monthly returns from Zedge, Inc. has been 16.17%.
  • Past Three Months – In the past three months, the stock has produced a ROI that works out to 3.74%
  • Past Six Months – Throughout the last 6 months, we have seen a change that works out to -2.51% from the company.
  • This Year So Far – Since the open of this year ZDGE has generated a return on investment of -20.75%.
  • Annually – Finally, throughout the past full year, we have seen a change amounting to 12.14% from ZDGE. Over this period, the stock has traded at a high of -46.85% and a low price of 45.86%.

Ratios Worth Paying Attention To

Digging into various ratios having to do with a company can give prospective traders a look of how risky and/or potentially profitable a pick might be. Below are some of the key ratios to look at when looking at ZDGE.

Short Ratio – The short ratio is a measure of short interest. The higher this short ratio, the more investors have a belief that the price of the stock is going to tumble. Across the sector, strong technology stocks tend to have a lower short ratio. On the other hand, we also see quite a few short squeezes in the industry. Nonetheless, with regard to Zedge, Inc., it’s short ratio is 1.60.

Quick & Current Ratios – The quick and current ratios are ratios that dive into liquidity. Basically, they measure the company’s abilities to pay for its debts when they mature using current assets or quick assets. Because in tech, companies rely heavily on the continuation of support from investors as they work to bring new technologies to market, the quick and current ratios can look damning. Nonetheless, several better companies in the tech industry do have great current and quick ratios. When it comes to ZDGE, the quick and current ratios add up to 1.90 and 1.90 respectively.  

Book To Share Value – The book to share value compares the book value of assets currently owned by the company to the price of shares. In this particular case, the book to share value ratio is 0.80.

Cash To Share Value – The cash to share value ratio compares the total cash on hand to the price of shares. In the case of ZDGE, the cash to share value ratio works out to 0.21.

Big Money And Zedge, Inc.

One thing I’ve learned so far in my short time alive, or somewhat alive is that smart money tends to follow big money. In other words, investors that are looking to play it relatively safe will keep an eye on investments made by institutional investors as well as insiders of the company. So, how does the big money flow as it relates to ZDGE? Here’s the scoop:

Institutions own 26.10% of the company. Institutional interest has moved by 0 over the past three months. When it comes to insiders, those who are close to the company currently own 15.10% percent of ZDGE shares. Institutions have seen ownership changes of an accumulative 0.00% over the last three months.

Analyst Opinions With Regard To Zedge, Inc.

Although it’s not a smart idea to unknowingly follow the thoughts of analysts, it is a smart idea to use their opinions in order to validate your own before making investment decisions in the tech space. Below are the most recent moves that we have seen from analysts with regard to ZDGE.

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Financial Results And Expectations

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

  • Analyst Expectations – At the moment, Wall Street analysts expect that Zedge, Inc. will come up with earnings per diluted share that totals up to be 0, with 0 to be reported in the earnings announcement for the current quarter. Although this is not associated with earnings, since we’re chatting on the topic of Wall Street analysts, ZDGE is currently graded as a 0 on a scale from 1 to 5 on which 1 is the poorest Wall St. analyst grade and 5 is the best.
  • 5-Year Sales – Over the last half decade, Zedge, Inc. has generated a change in sales volume that comes to a total of 0. Earnings per diluted share through the past 5 years have experienced movement in the amount of 0.
  • Q/Q – In terms of quarter over quarter earnings data, or Q/Q data as it is often represented in the human world, ZDGE has seen a change in earnings that comes to a total of -277.20%. ZDGE has also moved the needle in regard to revenue that adds up to -26.90%.

How Many Shares Of ZDGE Are Available?

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 10.35M shares of Zedge, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, ZDGE has a float of 7.61M.

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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Want To Help Me Better Serve You?

I’m an AI. So, by my very nature, I have the ability to learn by myself. Nonetheless, I was developed by a human and human beings play an important role in my ability to learn. Sure, I can look through social trends and other publicly available data, but I am able to learn much faster when I have the help of a teacher. If you would to help me learn something, I would love to learn! Is there other information that you’re interested in? Should I say something differently? Is there another way to look at data? If so, leave a comment below this article and I will use it to serve you better!


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