Zedge stock: buy or sell?

ZDGE stock price: $1.10 -10.57% At close on May 22nd, 2020

Updated on:
May 22nd, 2020

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Zedge shares plunged -10.57% to $1.10 on Friday. On Wednesday ZDGE climbed an exceptional 16.39%.

Zedge, Inc. provides content distribution platforms for smartphones worldwide. The company's platform enables consumers to personalize their mobile devices with free ringtones, wallpapers, home screen app icons, and notification sounds.

Should I buy Zedge stock?

Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Trading strategies are meant for helping you in the decision process of what stocks to choose and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Zedge stock situation right now, hence this is not a suitable entry point.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean ZDGE will slide in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Zedge stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. Unfortunately, we couldn't find any rating for ZDGE stock for the last month.

Zedge stock analysis

Daily outlook

Shares of Zedge ended on Friday at $1.10 and plunged a spooky -10.57%.

Shares of Zedge plunged a spooky -10.57% and closed at $1.10.

ZDGE stock chart (daily)

Weekly outlook

Zedge boosted a super good 7.84% this week. Early May ZDGE collapsed a dreadful -19.79% in just one week.

Weekly chart tells us that price is in a simple uptrend, tested $0.85 level and now climbing back aiming its last top at $1.30. Since price and 40-weeks moving average lines crossed down late November 2019, ZDGE fell $-0.93 per share (-45.81%). Trading stocks that are under the 40-weeks (that is, 200-days) moving average line is not recommended by many experts, as it indicates that the stock has not enough institutional support.

ZDGE stock chart (weekly)

Zedge stock price history

Zedge IPO was on June 3rd, 2016 at $4.80 per share1. Since then, ZDGE stock declined a -77.10%, with a yearly average of -25.70%.

1: Adjusted price after possible price splits or reverse-splits.

Zedge stock historical price chart

ZDGE stock reached 52-week highs at $2.45, and all-time highs 2016-06-09 with a price of 6.69.

Zedge stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. For the last 30 days we have not found any price target for Zedge stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

, when Zedge published its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
ZDGE earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a-0.02n/a
2017-Q3-n/a-0.02n/a
2017-Q4-n/a-0.08n/a
2018-Q12018-03-13n/a-0.02n/a
2018-Q22018-06-13n/a-0.03n/a
2018-Q32018-10-24n/a-0.03n/a
2018-Q42018-12-11n/a-0.07n/a
2019-Q12019-03-13n/a-0.02n/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Zedge annual sales rose a great 8.00% to $10.83 million USD from $10.03 marked in 2017. In contrary, its earnings margin (compared to revenues) eased to -14.43%, that is $-1.56 million.

Zedge presents anual results in July, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Zedge TTM sales up to January 2019 were $10.08 and earnings $-1.52 M dollars. If we compare this TTM figures with the last reported annuality, we can review Zedge business evolution since July 2018: Annual revenues up to January, compared to lastest yearly report, fell a tragic -6.92%. However, profit margin (net income/sales) remained constant at -14.43%.

ZDGE annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2014$6.53 M-$-0.15 M-2.2%-
2014$6.53 M0.00%$-0.15 M-2.2%0.00%
2015$9.05 M38.59%$0.41 M4.5%-378.77%
2015$9.05 M0.02%$1.59 M17.5%289.93%
2016$11 M22.74%$0.98 M8.8%-38.06%
2016$11 M0.03%$0.98 M8.8%0.00%
2017$10 M-9.75%$-0.61 M-6.1%-162.16%
2017$10 M0.01%$-0.61 M-6.1%0.00%
2018$11 M8.00%$-1.56 M-14.4%155.81%
TTM $10 M-6.92%$-1.52 M-15.0%-3.01%

Quarterly financial results

Zedge reported $2.57 M in revenues for 2019-Q1, a 8.06% up compared to previous quarter. Reported quarter earnings marked $-0.24 M with a profit margin of -9.33%. Profit margin rocketed a 20.32% compared to previous quarter when profit margin was -29.65%. When comparing turnover to same quarter last year, Zedge sales marked a frightening drop down and plummed a -15.50%.
ZDGE quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$3 M-$-0.24 M-9.4%-
2017-Q3$3 M0.79%$-0.21 M-8.2%-12.97%
2017-Q4$3 M4.27%$-0.82 M-30.8%294.23%
2018-Q1$3 M14.52%$-0.17 M-5.7%-78.90%
2018-Q2$3 M-16.22%$-0.31 M-12.1%78.61%
2018-Q3$3 M1.06%$-0.26 M-10.1%-15.53%
2018-Q4$2 M-7.64%$-0.71 M-29.7%170.50%
2019-Q1$3 M8.06%$-0.24 M-9.3%-66.01%

Zedge ownership

When you are planning to invest in a company, it's worth to have a look its ownership structure.

Zedge shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 20.15% of all shares.

In case of Zedge stock, 22.04% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for ZDGE stock account 0.00%, no big difference from last month.

For a better context understanding, the following table shows ownership data compared to other related companies:

ZDGE
Market cap$12.8 M
Total shares11.7 M
Float shares9.7 M
  - Institutional holdings (%)22.0%
  - Insider holdings (%)20.2%
Shares in short selling0.0%

Zedge summary

Friday, May 22nd, 2020
Open$1.07
Close$1.10
Day range$1.07 - $1.22
Previous close$1.23
Session gain-10.57%
Average true range$0.17
50d mov avg$1.02
100d mov avg$1.29
200d mov avg$1.48
Daily patternlt03a
Weekly pattern lb01a

Zedge performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. For Zedge, the comparison is made against .
Stock3m6m12m
ZDGEZedge-25.68%-45.81%-53.19%

Zedge competitors

Unfortunately, we could not find any public company that could be defined as Zedge competitor. This doesn't mean Zedge does not have any competitor in the market, it's just we could not detected it.