Analyst Revises ZAGG Inc (NASDAQ:ZAGG) Stock Target


ZAGG Inc (NASDAQ:ZAGG) mean price target has been set at $10.700 by Thomson Reuters. The group worked out on the stock recommendations given by analysts in the First Call poll. Further, it is possible that the company may register per share earnings of $0.190 in the near-term quarter and $0.480 for the ongoing fiscal. The market cap of ZAGG Inc was recorded at $176.98M after the stock closed at $6.295 in last trading day. What The Valuation Says? The price/earnings ratio is taken in the list of ratios that leads to a stock’s valuation. Commonly named as P/E ratio, it helps investors know where the company stands in the market. It is derived by dividing share’s latest price by per-share earnings. ZAGG Inc (NASDAQ:ZAGG) has a P/E ratio of 19.734. Investors can identify how the stock is doing in the market by estimating Price-to-Earnings Growth ratio. ZAGG Inc (NASDAQ:ZAGG) PEG ratio sits at 1.340. A low PEG ratio offers an investment opportunity to the opportunistic traders and investors. In case a stock has a reading in between 0 and 1, it represents undervalued stock. A reading of 1 and 2 represents fairly priced stocks. Technical Perspective The technical analysis of ZAGG Inc visibly illustrates that the 50-day MA of ZAGG Inc is $5.705, and stock is trading 0.590 or +10.350% distant from $5.705. The 200-day MA is $7.678, and this price is $-1.383 or -18.012% off from current level. ZAGG Inc (NASDAQ:ZAGG) 52-week high is $12.740 and the 52-week low is $4.710. This represents that if the stock moves $-6.445 points up on the chart to make a 52-week high. But, if it declines $+33.652%, then the shares price can hit a new 52-week low.

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