ZAGG Inc (NASDAQ:ZAGG) has a beta of 1.66. The stock’s Relative Strength Index (RSI) is 68.80, with weekly volatility at 4.46% and ATR at 0.24. The ZAGG stock’s 52-week price range has touched low of $2.06 and a $9.01 high. Its shares traded higher over the last trading session, gaining 5.75% on 12/11/20. The shares fell to a low of $4.10 before closing at $4.23. Intraday shares traded counted 8.4 million, which was -1153.84% lower than its 30-day average trading volume of 670.03K. ZAGG’s previous close was $4.00 while the outstanding shares total 29.83M.
Investors have identified the Specialty Retail company ZAGG 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 $119.41 million, 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.
ZAGG Inc (ZAGG) 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 203.85 million total, with 100.92 million as their total liabilities.
ZAGG were able to record 12.38 million as free cash flow during the Q3 2020 quarter of the year, this saw their quarterly net cash flow reduce by -1.69 million. In cash movements, the company had a total of 17.88 million as operating cash flow.
Potential earnings growth for ZAGG Inc (ZAGG)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the Q3 2020 quarter of the year, ZAGG Inc recorded a total of 115.46 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with -26.88% coming in sequential stages and their sales for the Q3 2020 quarter increasing by 33.21%.
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 77.02 million trying to sell their products during the last quarter, with the result yielding a gross income of 38.43 million. This allows shareholders to hold on to 29.83M with the recently reported earning now reading 0.21 cents per share. This is a figure that compared to analyst’s prediction for their Q3 2020 (0.21 cents a share).
Having a look at the company’s valuation, the company is expected to record 0.24 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 ZAGG sounds very interesting.
Is the stock of ZAGG attractive?
In related news, Director, TERINO EDWARD bought 30,000 shares of the company’s stock in a transaction that recorded on Apr 17. The purchase was performed at an average price of 3.45, for a total value of 103,518. As the purchase deal closes, the Chief Operating Officer, Kearns James now bought 10,040 shares of the company’s stock, valued at 25,000. Also, Director, LARABEE CHERYL A bought 8,500 shares of the company’s stock in a deal that was recorded on Mar 16. The shares were cost at an average price of 2.85 per share, with a total market value of 24,225. Following this completion of disposal, the Chief Executive Officer, Ahern Chris now holds 14,705 shares of the company’s stock, valued at 39,704. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.70%.