Do Zynga Inc. (ZNGA) beta value of 0.18 signposts another twist?

Let’s start up with the current stock price of Zynga Inc. (ZNGA), which is $9.87 to be very precise. The Stock rose vividly during the last session to $10.01 after opening rate of $9.95 while the lowest price it went was recorded $9.71 before closing at $9.94.

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Recently in News on December 15, 2020, Zynga Inc. Announces Pricing of Offering of $762 Million of Convertible Senior Notes. Zynga Inc. (Nasdaq: ZNGA), a global leader in interactive entertainment, today announced the pricing of $762 million aggregate principal amount of 0% convertible senior notes due 2026 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Zynga also granted the initial purchasers of the notes a 13-day option to purchase up to an additional $112.5 million aggregate principal amount of the notes. The sale of the notes is expected to close on December 17, 2020, subject to customary closing conditions. You can read further details here


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Zynga Inc. had a pretty favorable run when it comes to the market performance. The 1-year high price for the company’s stock is recorded $10.69 on 08/06/20, with the lowest value was $5.65 for the same time period, recorded on 03/17/20.

Zynga Inc. (ZNGA) full year performance was 57.67%

Price records that include history of low and high prices in the period of 52 weeks can tell a lot about the stock’s existing status and the future performance. Presently, Zynga Inc. shares are logging -7.67% during the 52-week period from high price, and 74.69% higher than the lowest price point for the same timeframe. The stock’s price range for the 52-week period managed to maintain the performance between $5.65 and $10.69.

The company’s shares, operating in the sector of Communication Services managed to top a trading volume set approximately around 18146172 for the day, which was evidently lower, when compared to the average daily volumes of the shares.

When it comes to the year-to-date metrics, the Zynga Inc. (ZNGA) recorded performance in the market was 61.27%, having the revenues showcasing 13.45% on a quarterly basis in comparison with the same period year before. At the time of this writing, the total market value of the company is set at 10.30B, as it employees total of 1883 workers.

The Analysts eye on Zynga Inc. (ZNGA)

During the last month, 14 analysts gave the Zynga Inc. a BUY rating, 1 of the polled analysts branded the stock as an OVERWEIGHT, 2 analysts were recommending to HOLD this stock, 1 of them gave the stock UNDERWEIGHT rating, and 1 of the polled analysts provided SELL rating.

According to the data provided on Barchart.com, the moving average of the company in the 100-day period was set at 8.98, with a change in the price was noted +0.16. In a similar fashion, Zynga Inc. posted a movement of +1.65% for the period of last 100 days, recording 21,455,598 in trading volumes.

Total Debt to Equity Ratio (D/E) can also provide valuable insight into the company’s financial health and market status. The debt to equity ratio can be calculated by dividing the present total liabilities of a company by shareholders’ equity. Debt to Equity thus makes a valuable metrics that describes the debt, company is using in order to support assets, correlating with the value of shareholders’ equity The total Debt to Equity ratio for ZNGA is recording 0.00 at the time of this writing. In addition, long term Debt to Equity ratio is set at 0.21.

Technical rundown of Zynga Inc. (ZNGA)

Raw Stochastic average of Zynga Inc. in the period of last 50 days is set at 93.33%. The result represents improvement in oppose to Raw Stochastic average for the period of the last 20 days, recording 93.06%. In the last 20 days, the company’s Stochastic %K was 95.80% and its Stochastic %D was recorded 96.79%.

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Considering, the past performance of Zynga Inc., multiple moving trends are noted. Year-to-date Price performance of the company’s stock appears to be pessimistic, given the fact the metric is recording 61.27%. Additionally, trading for the stock in the period of the last six months notably improved by 3.19%, alongside a boost of 57.67% for the period of the last 12 months. The shares increased approximately by 13.32% in the 7-day charts and went down by 20.96% in the period of the last 30 days. Common stock shares were driven by 13.45% during last recorded quarter.

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