Zedge stock: buy or sell?
May 22nd, 2020
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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
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.
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.
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 targetNobody 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%.
|2014||$6.53 M||-||$-0.15 M-2.2%||-|
|2014||$6.53 M||0.00%||$-0.15 M-2.2%||0.00%|
|2015||$9.05 M||38.59%||$0.41 M4.5%||-378.77%|
|2015||$9.05 M||0.02%||$1.59 M17.5%||289.93%|
|2016||$11 M||22.74%||$0.98 M8.8%||-38.06%|
|2016||$11 M||0.03%||$0.98 M8.8%||0.00%|
|2017||$10 M||-9.75%||$-0.61 M-6.1%||-162.16%|
|2017||$10 M||0.01%||$-0.61 M-6.1%||0.00%|
|2018||$11 M||8.00%||$-1.56 M-14.4%||155.81%|
|TTM||$10 M||-6.92%||$-1.52 M-15.0%||-3.01%|
Quarterly financial resultsZedge 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%.
|2017-Q2||$3 M||-||$-0.24 M-9.4%||-|
|2017-Q3||$3 M||0.79%||$-0.21 M-8.2%||-12.97%|
|2017-Q4||$3 M||4.27%||$-0.82 M-30.8%||294.23%|
|2018-Q1||$3 M||14.52%||$-0.17 M-5.7%||-78.90%|
|2018-Q2||$3 M||-16.22%||$-0.31 M-12.1%||78.61%|
|2018-Q3||$3 M||1.06%||$-0.26 M-10.1%||-15.53%|
|2018-Q4||$2 M||-7.64%||$-0.71 M-29.7%||170.50%|
|2019-Q1||$3 M||8.06%||$-0.24 M-9.3%||-66.01%|
Zedge ownershipWhen 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:
|Market cap||$12.8 M|
|Total shares||11.7 M|
|Float shares||9.7 M|
|- Institutional holdings (%)||22.0%|
|- Insider holdings (%)||20.2%|
|Shares in short selling||0.0%|
|Friday, May 22nd, 2020|
|Day range||$1.07 - $1.22|
|Average true range||$0.17|
|50d mov avg||$1.02|
|100d mov avg||$1.29|
|200d mov avg||$1.48|
Zedge performancePerformance 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 .