Zynga Inc. [ZNGA] shares are up more than 40.16% this year and recently decreased 0.0% or $0.04 to settle at $8.73. Analysts expect ZNGA to grow earnings at a 14.93% annual rate over the next 5 years. ZNGA has a short ratio of 5.14. This implies that the market is currently less bullish on the outlook for ZNGA.
On 14, December 2020, Zynga Announces Daily Word Wheel, a New Voice-Based Puzzle Game Based on Words With Friends, Exclusively for Google Nest Devices. According to news published on Yahoo Finance, Today, Zynga Inc. (Nasdaq: ZNGA), a global leader in interactive entertainment, announced that Daily Word Wheel, a new voice-based puzzle game based on Words With Friends, will be launching soon exclusively on Google Nest Hub devices.
Analyst Birdseye View:
The most recent analyst activity for Zynga Inc. [NASDAQ:ZNGA] stock was on August 11, 2020, when it was Downgrade with a Hold rating from Berenberg, which also raised its 12-month price target on the stock to $10.50. Before that, on September 30, 2020, MKM Partners Recapitulated a Buy rating and elevated its amount target to $12. On June 09, 2020, Barclays Upgrade an Overweight rating and boosted its price target on this stock to $12. On April 22, 2020, BofA/Merrill Downgrade an Underperform rating and increased its price target to $7.50. On April 16, 2020, Berenberg Initiated a Buy rating and increased its price target to $8.50. On April 07, 2020, Wells Fargo Initiated an Equal weight rating and boosted its amount on this stock to $8. On March 18, 2020, Oppenheimer Initiated an Outperform rating and boosted its target amount on this stock to $7.50. On January 15, 2020 KeyBanc Capital Markets Resumed an Overweight rating and elevated its amount target to $8.50.
In the past 52 weeks of trading, this stock has oscillated between a low of $5.65 and a peak of $10.69. Right now, the middling Wall Street analyst 12-month amount mark is $12.00. At the most recent market close, shares of Zynga Inc. [NASDAQ:ZNGA] were valued at $8.73. According to the average price forecast, investors can expect a potential return of 3.42%.
Zynga Inc. [NASDAQ:ZNGA] most recently reported quarterly sales of 503.33 billion, which represented growth of 45.80%. This publicly-traded organization’s revenue is $701,890 per employee, while its income is $22,265 per employee. This company’s Gross Margin is currently 60.10%, its Operating Margin is -19.20%, its Pretax Margin is +3.58, and its Net Margin is +3.17. Continuing to look at profitability, this corporation’s Return on Assets, Equity, Whole Principal & invested Principal is sitting at 1.44, 2.35, -3.36 and 1.96 respectively.
The Principal structure of this organization shows its whole liability to whole principal at 26.62 and the whole liability to whole assets at 19.57. It shows enduring liability to the whole principal at 26.03 and enduring liability to assets at 0.19 while looking for an extended time period.
Readers are usually of view to make a close observation to the indicators that support and make resistance before moving to any particular stock. As of now, the company’s stock is sitting at 8.61 points at 1st support level, the second support level is making up to 8.53. But as of 1st resistance point, this stock is sitting at 8.77 and at 8.85 for 2nd resistance point.
Zynga Inc. [ZNGA] reported its earnings at $0.1 per share in the fiscal quarter closing of 9/29/2020. The Analysts for Wall Street were expecting to report its earnings at $0.09/share signifying the difference of 0.01 and 11.10% surprise value. Comparing the previous quarter ending of 6/29/2020, the stated earnings were $0.1 calling estimates for $0.08/share with the difference of 0.02 depicting the surprise of 25.00%.
Important Ratio’s To Watch
Meanwhile, turning our focus to liquidity, the Current Ratio for Zynga Inc. [NASDAQ:ZNGA] is 0.90. Likewise, the Quick ratio is also the same, showing Cash ratio at 1.76. Now if looking for a valuation of this stock’s amount to sales ratio it’s 4.51 and it’s amount to book ratio is 2.94.
The most recent insider trade was by Kim Bernard Jin, President of Publishing, and it was the sale of 11985.0 shares on Dec 04. Siminoff Ellen F, the Director, completed a sale of 5000.0 shares on Nov 16. On Nov 16, Ryan Jeffrey Miles, Chief People Officer, completed a sale of 1724.0 shares.