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发帖数: 2007 | 1 From thestreet.com
Zynga (ZNGA)
Background: Zynga is the world's largest social game developer. Games
include CityVille, FarmVille and many others on which I receive daily
requests to join in. Zynga games are available on a number of global
platforms including Facebook(FB), MySpace, Yahoo!(YHOO), the iPad, the
iPhone and Android devices. Zynga trades an average of 18 million shares per
day with a market cap of $2 billion.
52-Week Range: $2.66 to $15.91
Price To Book: 1.11
Wall Street isn't expecting much this quarter (not a surprise for one of the
worst performers this year). The third-quarter earnings release is
scheduled for Monday. The consensus estimate is currently a loss of 6 cents
a share, and there isn't a corresponding period last year.
Last quarter ZNGA's earnings were released on July 25, and the previous
closing price was $5.08. Relative to a current price of $2.84, shares are
down 44.1%.
Fifteen out of 20 analysts rate Zynga a hold. Only four recommend a buy and
one recommends selling. The average analyst target price is $4.89.
From a technical perspective, the chart for Zynga looks like an Aspen ski
slope with the top of the hill on the left side. Over the last month in
trading the stock has dropped about 8.4%.
Zynga has an awful looking chart, an upcoming report expected to post a loss
, and a dependency on Facebook that makes meth addicts appear stable and in
control. Still, there is something very wrong with this picture. Not all the
dots connect, and maybe it's a result of a lack of long-term history.
However, Zenga has found technical support.
It's almost too obvious Zynga will continue to fall other than the short
interest is rather small. The short interest based on the float is only 4.4%
. Zynga may not beat in the upcoming report so focus on the guidance and
ignore the previous results. If they don't guide into the abyss, consider
the earnings a strong indication shares will trend higher. A price under $3
a share will likely appear as a bargain price.
Also, keep an eye on the options. Options are pricing in a large move the
odds favor a move higher. | c**********e
发帖数: 2007 | 2 Every broker shows their earning date as October 1st, but it is not
announced by the company yet. |
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