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Zynga (ZNGA, $10.50) shares got a buy rating from analyst at BMO
On Monday, Zynga shares got a buy rating from analyst at BMO who initiated coverage of the shares. The game maker got a $15 share-price target from BMO.
Analyst Gerrick Johnson called Zynga the “leading player in the mobile games market”. Johnson also noted that the mobile games market is the fastest growing segment in the rapidly growing video games industry.
Johnson mentioned that Zynga, which specializes in free-to-play social games, uses live services bolstered by solid data analytics to boost in-game monetization and returns from advertising. "We think ZNGA has a competitive advantage in creating deeper relationships with its players over other mobile competitors," the analyst said.
According to Johnson, acquisition has been a key strategy for Zynga, and he estimates that the company holds around 2.5% market share of the “highly fragmented mobile games market". Johnson mentioned that Zynga has pursued aggressive acquisition of companies with attractive properties wherein “it layers higher margin live services or advertising supported by its superior data analytics."
ZNGA's RSI Indicator climbs out of oversold territory
The RSI Indicator for ZNGA moved out of oversold territory on May 13, 2022. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 18 similar instances when the indicator left oversold territory. In 15 of the 18 cases the stock moved higher. This puts the odds of a move higher at 83%.
Current price $7.92 is below $9.85 the lowest support line found by A.I. Throughout the month of 04/13/22 - 05/16/22, the price experienced a -12% Downtrend, while the week of 05/09/22 - 05/16/22 shows a +3% Uptrend.
The Stochastic Indicator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. 44 of 58 cases where ZNGA's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are 76%.
Following a +2.33% 3-day Advance, the price is estimated to grow further. Considering data from situations where ZNGA advanced for three days, in 231 of 303 cases, the price rose further within the following month. The odds of a continued upward trend are 76%.
ZNGA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Momentum Indicator moved below the 0 level on April 07, 2022. You may want to consider selling the stock, shorting the stock, or exploring put options on ZNGA as a result. In 57 of 97 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 59%.
ZNGA moved below its 50-day Moving Average on April 20, 2022 date and that indicates a change from an upward trend to a downward trend.
The 10-day Moving Average for ZNGA crossed bearishly below the 50-day moving average on April 18, 2022. This indicates that the trend has shifted lower and could be considered a sell signal. In 13 of 19 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 68%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ZNGA declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 58%.
The Aroon Indicator for ZNGA entered a downward trend on May 16, 2022. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Tickeron has a positive outlook on this ticker and predicts a further increase by more than 4.00% within the next month with a likelihood of 80%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.14.
The Tickeron PE Growth Rating for this company is 28 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 34 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 88, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is 60 (best 1 - 100 worst), indicating steady price growth. ZNGA’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron SMR rating for this company is 71 (best 1 - 100 worst), indicating slightly better than average sales and a considerably profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of 72 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.096) is normal, around the industry mean (16.471). P/E Ratio (0.000) is within average values for comparable stocks, (154.393). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.591). Dividend Yield (0.000) settles around the average of (0.027) among similar stocks. P/S Ratio (3.127) is also within normal values, averaging (124.500).
The Tickeron Seasonality Score of 95 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.
The average market capitalization across the Packaged Software Industry is 6.2B. The market cap for tickers in the group ranges from 580 to 2T. MSFT holds the highest valuation in this group at 2T. The lowest valued company is NANN at 580.
The average weekly price growth across all stocks in the Packaged Software Industry was 0.09%. For the same Industry, the average monthly price growth was -14.71%, and the average quarterly price growth was -24.17%. LAAB experienced the highest price growth at 126%, while SGNI experienced the biggest fall at -97.03%.
- 4/27/22 5:34 AM: Zynga (ZNGA, $8.46) was a top loser this week, declining -6.62%
The average weekly volume growth across all stocks in the Packaged Software Industry was 19.51%. For the same stocks of the Industry, the average monthly volume growth was 113.57% and the average quarterly volume growth was 41.15%
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Stocks in the group have a Negative Outlook today, backed by the MA200MA50 Indicator. Tickeron has a negative outlook on this group and predicts a further decline by more than 4.00% within the next month with a likelihood of 52%. During the last month, the daily ratio of advancing to declining volumes was 1 to 1.24.
117 stocks in the group of tickers exhibit a similar negative trend based on the Aroon indicator with an average likelihood of 80%.
The most notable companies in this group are Alphabet (NASDAQ:GOOG), Alphabet (NASDAQ:GOOGL), Meta Platforms (NASDAQ:FB), NetEase (NASDAQ:NTES), Snap (NYSE:SNAP), Baidu (NASDAQ:BIDU), Twitter (NYSE:TWTR), Spotify Technology SA (NYSE:SPOT), Pinterest (NYSE:PINS), Zynga (NASDAQ:ZNGA).
The average market capitalization across the group is 32.2B. The market cap for tickers in the group ranges from 0 to 1.5T. GOOG holds the highest valuation in this group at 1.5T. The lowest valued company is AFFU at 0.
- 5/14/22 4:23 AM: Alphabet (GOOG, $2,330.31), market cap jumped by $44.1B
- 5/12/22 5:38 AM: Meta Platforms (FB, $188.74) saw a $93.8B market cap decrease this week
- 5/11/22 7:46 AM: Alphabet (GOOGL, $2,287.9), market cap jumped by $26.0B
The average weekly price growth across all stocks in the group was 0.33%. For the same group, the average monthly price growth was -17.67%, and the average quarterly price growth was -39.09%. ANGI experienced the highest price growth at 33.15%, while DPSI experienced the biggest fall at -52.57%.
- 5/14/22 4:23 AM: VIZIO Holding (VZIO, $8.4) was a top weekly gainer, with a +8.11% jump
- 5/14/22 4:23 AM: Signify Health (SGFY, $13.12) was a top weekly gainer, with a +5.64% jump
- 5/14/22 4:23 AM: Opendoor Technologies (OPEN, $7.27) was a top weekly gainer, with a +8.35% jump
The average weekly volume growth across all stocks in the group was -23.7%. For the same stocks of the group, the average monthly volume growth was 257.92% and the average quarterly volume growth was 207.95%
- 5/14/22 4:17 AM: The volume for So-Young International stock increased for a consecutive 5 days, with an average daily gain of 140%
- 5/14/22 4:17 AM: The volume for China Index Holdings stock increased for two consecutive days, resulting in a record-breaking daily growth of 3,988% of the 65-Day Volume Moving Average
- 5/14/22 4:17 AM: The volume for My Size stock increased for one day, resulting in a record-breaking daily growth of 3,129% of the 65-Day Volume Moving Average
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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