Zynga Inc. (NASDAQ:ZNGA) has a beta of 0.12. The stock’s Relative Strength Index (RSI) is 44.39, with weekly volatility at 3.38% and ATR at 0.36. The ZNGA stock’s 52-week price range has touched low of $7.65 and a $12.32 high. Its shares traded lower over the last trading session, losing -0.88% on 05/17/21. The shares fell to a low of $10.02 before closing at $10.14. Intraday shares traded counted 12.0 million, which was 28.15% higher than its 30-day average trading volume of 16.70M. ZNGA’s previous close was $10.23 while the outstanding shares total 1.08B.
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 $10.65 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 1.83 billion total, with 1.42 billion as their total liabilities.
Having a look at the company’s valuation, the company is expected to record 0.27 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, Chief People Officer, Ryan Jeffrey Miles sold 11,886 shares of the company’s stock in a transaction that recorded on May 03. The sale was performed at an average price of 10.71, for a total value of 127,299. As the sale deal closes, the Chief Legal Officer, Phillips Phuong Y. now sold 12,603 shares of the company’s stock, valued at 138,633. Also, Chief Operating Officer, Bromberg Matthew S sold 43,000 shares of the company’s stock in a deal that was recorded on Apr 20. The shares were price at an average price of 10.49 per share, with a total market value of 451,070. Following this completion of acquisition, the Chief Financial Officer, Griffin James Gerard now holds 52,637 shares of the company’s stock, valued at 557,952. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.50%.
18 out of 21 analysts covering the stock have rated it a Buy, while 1 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 $13.12.