Stock To Watch: ZAGG Inc (NASDAQ:ZAGG)


The leading market experts have placed a mean price target of $10.90 on ZAGG Inc (NASDAQ:ZAGG) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $0.46 a share for the upcoming quarter and $0.44 for the current fiscal.

Technical View

The technical analysis of ZAGG Inc plainly substantiates that the 50-day moving average of ZAGG Inc is $7.00, and stock is trading $0.63 points away or +8.99% from its 50-day moving average of $7.00. Further it is trading $0.33 or +4.57% away its 200-day moving average of $7.30. ZAGG Inc (NASDAQ:ZAGG) 52-week high is $12.74 and the 52-week low is $4.71.

This explains if the stock moves $-5.11, it will post a 52-week high. In event of +62.00% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of ZAGG Inc, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, ZAGG Inc (NASDAQ:ZAGG) ratio came in at 48.91.

The stock last ended the trading session at $7.63 and registered a market cap of $214.58M. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. ZAGG Inc (NASDAQ:ZAGG) PEG ratio is at 1.62.

1 Chart Pattern Every Investor Should Know

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