Shares of Zedge, Inc. (NYSEMKT:ZDGE) last traded at $2.43. The firm’s performance so far in this year is -22.36%. The 200-day simple moving average is -26.25%. It is considered a key indicator by market analysts and traders for determining the long-term trend. The price mark in a market that coincides with it is recognized as a key support when price moves above the 200-day SMA or resistance when stock price is below this level.
As per recent filings, Zedge, Inc. (NYSEMKT:ZDGE) has an insider ownership of 4.20%.
Zedge, Inc. offers content distribution platforms for both creators and consumers. The Company enables consumers to personalize their mobile devices with free ringtones, wallpapers, home screen application icons and notification sounds. Zedge, Inc. is based in New York, United States.
Zedge, Inc. (NYSEMKT:ZDGE) has been storming Wall Street with promising press release. Recently, the firm reported that according to the March 2017 analysis commissioned by RetailMeNot and performed by Forrester Consulting, the firm’s mobile marketing solutions result in a 3-year, risk-adjusted ROI of 4.3x.
The Barchart Technical Opinion rating is a 100% Sell and ranks in the Top 1% of all short term signal directions. Longer term, the trend strength is in the Top 1%. Long term indicators fully support a continuation of the trend. The market is approaching oversold territory. Be watchful of a trend reversal.
The Exponential Moving Average is a tool same as a simple moving average, with the only difference being a weighting factor used by EMA that exponentially declines from the recent data point. EMA analysis checks the averages for different period, including short term that is 5 days and 13 days, intermediate term for 20 days and long term of 50 days EMA. The bullish signals are received when they trade above trailing EMAs and below the prevailing price and vice versa. EMA signals include crossovers and EMA convergences The 5 day EMA 2.63 is higher than the last trade price suggesting a short term bearish pattern building up. Long term, the 50 day EMA 2.96 is also higher than the current trading price depicting a bearish trend overall..
The relative strength index can be marked as a momentum oscillator that is able to read the velocity and magnitude of equity price changes. The current RSI is 29.50 suggesting a bearish price action.
Zedge, Inc. (NYSEMKT:ZDGE) is all set to post its earnings on Jun 13/a. As per Zack’s analyst ratings, Zedge, Inc. (NYSEMKT:ZDGE) presently has an average brokerage rating of . On a scale of 1 – 5, a rating of 2 or 1 would indicate a buy, and a 4 or 5 rating would signify a sell while a rating of 3 indicates a hold.
As such, while we consider Zedge, Inc. (NYSEMKT:ZDGE) represents a convincing growth story exposed to different attractive markets, it would be enticing to see what it brings for long-term investors.
Zedge, Inc. (NYSE MKT:ZDGE) today announced results for the third quarter of its fiscal year 2017, the three months ended April 30, 2017.
Third Quarter FY 2017 Operational and Financial Highlights (Results are for the 3rd quarter FY 2017 and are compared to the 3rd quarter FY 2016 except where otherwise noted.)