ZAGG Inc (NASDAQ:ZAGG) went down by -4.78% during the previous trading session, and it is maintaining the win ahead of Monday’s trading session. The share price of the Specialty Retail giant went up by $2.99 to trade ended Monday trading at $3.14. This is down from the $3.14 price recorded on Friday’s trading session. Thanks to this latest performance, ZAGG is closer to the higher price 52-week target of $6.00 and further from the lowest price target of $6.00. Its performance from the start of the year has also been negative, with ZAGG down by -63.13% year-to-date.
ZAGG Inc (ZAGG) started the day trading at $3.17 and recorded an intraday high of $3.17. It also recorded an intraday low of $2.9 during Monday’s trading session. ZAGG Inc is a very active stock that recorded a trading volume that is more than 14.42% of the average daily trading volume on Monday. The stock’s trading volume on Monday was 687071, which is more than 14.42 of the total average daily trading volume of 587.98K.
ZAGG Inc (NASDAQ:ZAGG) 2020 Performance Impressive
The increase in ZAGG’s stock price on Monday saw its overall performance boost over the past few months. We can quantify the performance of the stock so far this year using a few metrics. The 52-week high price of ZAGG currently stands at $9.01, which is higher than the current trading price of the stock by 66.81%. However, ZAGG’s current trading price is -45.15% lower than the 52-week low price of $2.06. In terms of trading volume, ZAGG Inc currently experienced healthy participation during the last trading session. 687071 shares of ZAGG Inc were traded on the stock exchange on Monday, which is more than 14.42% of the 587.98K average trading volume of the stock.
The performance of the stock has been positive over the past year. ZAGG’s performance over the past one year has seen it plunge by -58.18%, while the stock has gone down by -61.91% in the last six months. The quarterly performance of ZAGG currently stands at 1.36%, and it is up by 1.36% in the last month. The only negative figure was from the weekly performance, which currently reads -4.47%. At the time of writing ZAGG’s report, the company has a total market cap of $84.86M, making it one of the largest publicly-traded companies in the world.ZAGG Inc also has over 600 employees all over the world.
ZAGG Insider Activities
For ZAGG Inc, insiders hold 98.90% of all company shares. The insider transactions over the past six months are up by 23.70%. During that period, insiders bought 318,446 shares in 18 transactions. In that same period, insiders sold 23,608 of their shares in 7 transactions. After these transactions, insiders at ZAGG Inc now hold 1.82M shares, which is over 101.03% of the total company stocks. Institutional investors currently hold a large chunk of the ZAGG shares, as they control 6.09% of the company’s total stock.
ZAGG Fundamental Analysis
For ZAGG Inc, the stock’s diluted earnings per share (EPS) stands at -1.59. In the coming year, analysts expect the EPS to be 0.16. The EPS growth will up over the next five years to 10.00% after surging by 6.90% in the previous five years. In terms of revenue, ZAGG Inc’s quarterly sales (YOY) is shrinking at -0.37, which is lower than the average annual revenue of 6.90% over the past half a decade.
The Return on Investment (ROI) on ZAGG Inc’s stock currently stands at 6.10%, and it has a net profit margin of -8.80%. The operating margin of the company is -10.30%, and its gross margin is 26.30%.
ZAGG Analysts Prediction
The B. Riley FBR has a Neutral rating for ZAGG Inc, predicting the stock price to stay between $17 and $15. Another analyst that has a Neutral rating for ZAGG is B. Riley FBR Inc., which set a price target of between $20 and $16. and Northland Capital reiterate their Outperform position on the stock ($12 and $16).
Analysts at Wunderlich believe that ZAGG is Buy, and they have a price target of between $10 and $8. Wunderlich and Wunderlich also believe that ZAGG Inc’s stock is outperforming at the moment. ZAGG received a positive rating from ROTH Capital, which set a price target of $5-$6 for the stock.
At the moment, ZAGG Inc’s Total Debt to Equity ratio stands at 0.85, and they have a long-term Debt to Equity ratio of 0.85.
ZAGG Technical Analysis
The Simple Moving Average (SMA) is one of the most powerful technical indicators. The 20-day Simple Moving Average of ZAGG currently stands at -6.54%, while the SMA50 is -6.20%. The biggest one is the SMA200, which is currently reading -48.92% ahead of Monday’s trading session. The Relative Strength Index of this stock is 46.02.