Zynga Inc. (NASDAQ:ZNGA): An Opportunity for Fundamental Investors?

Zynga Inc. (NASDAQ:ZNGA) Relative Strength Index (RSI) is 62.20, with weekly volatility at 4.12% and ATR at 0.49. The ZNGA stock’s 52-week price range has touched low of $5.65 and a $12.32 high. Intraday shares traded counted 21.74 million, which was 10.62% higher than its 30-day average trading volume of 24.32M. Its shares traded lower over the last trading session, losing -4.02% on 02/22/21. The shares fell to a low of $11.62 before closing at $11.69. ZNGA’s previous close was $12.18 while the outstanding shares total 1.08B. The firm has a beta of 0.19.

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 $12.53 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 1.04 billion total, with 1.15 billion as their total liabilities.

Having a look at the company’s valuation, the company is expected to record 0.31 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, President of Publishing, Kim Bernard Jin sold 29,900 shares of the company’s stock in a transaction that recorded on Feb 19. The sale was performed at an average price of 12.25, for a total value of 366,275. As the sale deal closes, the President of Publishing, Kim Bernard Jin now sold 206,600 shares of the company’s stock, valued at 2,532,916. Also, Chief Operating Officer, Bromberg Matthew S sold 63,000 shares of the company’s stock in a deal that was recorded on Feb 18. The shares were price at an average price of 12.00 per share, with a total market value of 756,000. Following this completion of acquisition, the Director, Siminoff Ellen F now holds 5,000 shares of the company’s stock, valued at 57,750. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.80%.

16 out of 21 analysts covering the stock have rated it a Buy, while 2 have maintained a Hold recommendation on Zynga Inc.. 1 analysts has assigned a Sell rating on the ZNGA stock. The 12-month mean consensus price target for the company’s shares has been set at $13.04.

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