Zedge Inc

Company Profile

Zedge Inc had its IPO on 2016-05-26 under the ticker symbol ZDGE.

The company operates in the Communication Services sector and Internet Content & Information industry. Zedge Inc has a staff strength of 102 employees.

Stock update

Shares of Zedge Inc opened at $2.23 at the start of the last trading session i.e. 2023-06-03.

The stocks traded within a range of $2.2 - $2.29, and closed at $2.21.

This is a -1.78% slip from the previous day's closing price.

A total volume of 42,900 shares were traded at the close of the day’s session.

In the last one week, shares of Zedge Inc have slipped by -5.96%.

Zedge Inc's Key Ratios

Zedge Inc has a market cap of $31.86 million, indicating a price to book ratio of 0.7245 and a price to sales ratio of 1.0478.

In the last 12-months Zedge Inc’s revenue was $27.49 million with a gross profit of $24.90 million and an EBITDA of $3.72 million. The EBITDA ratio measures Zedge Inc's overall financial performance and is widely used to measure its profitability.

In the trailing 12-month period, Zedge Inc’s operating margin was 5.44% while its return on assets stood at 1.87% with a return of equity of 16.13%.

In Q0.33333333333333, Zedge Inc’s quarterly earnings growth was a negative -31.2% while revenue growth was a positive 1%.

Zedge Inc’s PE and PEG Ratio

Forward PE

0

Trailing PE

4.9111

PEG

0

Its diluted EPS in the last 12-months stands at $0.45 per share while it has a forward price to earnings multiple of 0 and a PEG multiple of 0. A low price to earnings ratio can mean the stock is attractively valued while a high ratio suggests the stock may be overvalued.

The PEG on the other hand provides a broader view compared to the P/E ratio and gives greater insight into Zedge Inc’s profitability.

Zedge Inc stock is trading at a EV to sales ratio of 0.5643 and a EV to EBITDA ratio of 2.1196. Its price to sales ratio in the trailing 12-months stood at 1.0478.

Zedge Inc stock pays annual dividends of $0 per share, indicating a yield of 0% and a payout ratio of 0%.

Balance sheet and cash flow metrics

Total Assets

$55.25 million

Total Liabilities

$7.36 million

Operating Cash Flow

$0

Capital Expenditure

$372000

Dividend Payout Ratio

0%

Zedge Inc ended 2023 with $55.25 million in total assets and $0 in total liabilities. Its intangible assets were valued at $55.25 million while shareholder equity stood at $45.91 million.

Zedge Inc ended 2023 with $0 in deferred long-term liabilities, $7.36 million in other current liabilities, 152000.00 in common stock, $3.60 million in retained earnings and $10.72 million in goodwill. Its cash balance stood at $17.46 million and cash and short-term investments were $17.46 million. The company’s total short-term debt was $119,000 while long-term debt stood at $1.98 million.

Zedge Inc’s total current assets stands at $21.58 million while long-term investments were $0 and short-term investments were $0. Its net receivables were $4.12 million compared to accounts payable of $1.38 million and inventory worth $0.

In 2023, Zedge Inc's operating cash flow was $0 while its capital expenditure stood at $372000.

Comparatively, Zedge Inc paid $0 in dividends in 2023.

Other key metrics

Current Trading Price

$2.21

52-Week High

$5.65

52-Week Low

$1.62

Analyst Target Price

$7

Zedge Inc stock is currently trading at $2.21 per share. It touched a 52-week high of $5.65 and a 52-week low of $5.65. Analysts tracking the stock have a 12-month average target price of $7.

Its 50-day moving average was $2.04 and 200-day moving average was $2.33 The short ratio stood at 0.18 indicating a short percent outstanding of 0%.

Around 1381.3% of the company’s stock are held by insiders while 2191.3% are held by institutions.