Taking a Fresh Look at Zynga Inc. (ZNGA)

Zynga Inc. (ZNGA) is an interesting player in the Technology space, with a focus on Multimedia & Graphics Software. The stock has been active on the tape, currently trading at $3.70, down from yesterday’s close by -1.33%. Given the stock’s recent action, it seemed like a good time to take a closer look at the company’s recent data.

Fundamental Analysis

Zynga Inc. (ZNGA) currently trades with a market capitalization of $3.22 Billion. That value represents a market adjusting for revenues that have been growing by 22.43 % on a quarterly year/year basis as of the company’s last quarterly report.

You can get a sense of how sustainable that is by a levered free cash flow of $84.61 Million over the past twelve months. Generally speaking, earnings are expected to grow in coming quarters. Analysts are forecasting earnings of $0.02 on a per share basis this quarter. Perhaps, that suggests something about why 1.34% of the outstanding share supply is held by institutional investors.



Technical Analysis

As most professionals know, technical analysis can offer critical insights into what smart money and insiders think about a stock’s prospects going forward. Looking at the stock’s movement on the chart, Zynga Inc. recorded a 52-week high of $4.34. It is now trading 0.64% off that level. The stock is trading $3.67 its 50-day moving average by -0.03%. The stock carved out a 52-week low down at $2.71.

In recent action, Zynga Inc. (ZNGA) has made a move of +8.19% over the past month, which has come on Strong relative transaction volume. Over the trailing year, the stock is underperforming the S&P 500 by 16.68, and it’s gotten there by action that has been less volatile on a day-to-day basis than most other stocks on the exchange. In terms of the mechanics underlying that movement, traders will want to note that the stock is trading on a float of 1.27% with $768.84 Million sitting short, betting on future declines. That suggests something of the likelihood of a short squeeze in shares of ZNGA.

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