Zynga Inc. (NASDAQ:ZNGA) previous close was $8.24 while the outstanding shares total 1.08B. The firm has a beta of 0.13. ZNGA’s shares traded higher over the last trading session, gaining 0.97% on 12/02/20. The shares fell to a low of $8.12 before closing at $8.32. Intraday shares traded counted 16.36 million, which was 21.23% higher than its 30-day average trading volume of 20.77M. The stock’s Relative Strength Index (RSI) is 45.35, with weekly volatility at 3.00% and ATR at 0.31. The ZNGA stock’s 52-week price range has touched low of $5.65 and a $10.69 high.
Investors have identified the Electronic Gaming & Multimedia company Zynga Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $8.77 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Zynga Inc. (ZNGA) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. In terms of their assets, the company currently has 1044986000 million total, with 1154732000 million as their total liabilities.
ZNGA were able to record 207.19 million as free cash flow during the third quarter of the year, this saw their quarterly net cash flow reduce by 320.13 million. In cash movements, the company had a total of 223.26 million as operating cash flow.
Potential earnings growth for Zynga Inc. (ZNGA)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the third quarter of the year, Zynga Inc. recorded a total of 503.33 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 31.4% coming in sequential stages and their sales for the third quarter increasing by 10.26%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 235.94 million trying to sell their products during the last quarter, with the result yielding a gross income of 267.39 million. This allows shareholders to hold on to 1.08B with the revenue now reading -0.11 cents per share. This is a figure that is close to analyst’s prediction for their fourth quarter (0.05 cents a share).
Having a look at the company’s valuation, the company is expected to record -0.06 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on ZNGA sounds very interesting.
Is the stock of ZNGA attractive?
In related news, Director, Siminoff Ellen F sold 5,000 shares of the company’s stock in a transaction that recorded on Nov 16. The sale was performed at an average price of 7.94, for a total value of 39,700. As the sale deal closes, the Chief People Officer, Ryan Jeffrey Miles now sold 1,724 shares of the company’s stock, valued at 13,689. Also, Chief Operating Officer, Bromberg Matthew S sold 63,000 shares of the company’s stock in a deal that was recorded on Nov 16. The shares were price at an average price of 7.94 per share, with a total market value of 500,220. Following this completion of acquisition, the President of Publishing, Kim Bernard Jin now holds 3,100 shares of the company’s stock, valued at 26,567. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.80%.