ZAGG Inc (NASDAQ:ZAGG) has a beta value of 1.57 and has seen 4,208,411 shares traded in the last trading session. The company, currently valued at $85.27 Million, closed the last trade at $2.86 per share which meant it lost $0 on the day or -2.72% during that session. The ZAGG stock price is -215.04% off its 52-week high price of $9.01 and 27.97% above the 52-week low of $2.06. If we look at the company’s 10-day average daily trading volume, we find that it stood at 1.4 Million shares traded. The 3-month trading volume is 656.88 Million shares.
The consensus among analysts is that ZAGG Inc (ZAGG) is a Buy stock at the moment, with a recommendation rating of 1.5. None of the analysts rate the stock as a Sell, while none rate it as Overweight. None out of 2 have rated it as a Hold, with 2 advising it as a Buy. None have rated the stock as Underweight. The expected earnings per share for the stock is -$0.37.
ZAGG Inc (NASDAQ:ZAGG) trade information
Despite being -2.72% in the red today, the stock has traded in the green over the last five days, with the highest price hit on Tuesday, Jun 23 when the ZAGG stock price touched $3.23-1 or saw a rise of 11.46%. Year-to-date, ZAGG Inc shares have moved -64.73%, while the 5-day performance has seen it change -8.92%. Over the past 30 days, the shares of ZAGG Inc (NASDAQ:ZAGG) have changed -8.04%. Short interest in the company has seen 2.93 Million shares shorted with days to cover at 0.
Wall Street analysts have a consensus price target for the stock at $6, which means that the shares’ value could jump 109.79% from current levels. The projected low price target is $6 while the price target rests at a high of $6. In that case, then, we find that the current price level is +109.79% off the targeted high while a plunge would see the stock lose 109.79% from current levels.
ZAGG Inc (ZAGG) estimates and forecasts
Figures show that ZAGG Inc shares have underperformed across the wider relevant industry. The company’s shares have lost -63.8% over the past 6 months, with this year growth rate of -492.94%, compared to -16.7% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are -105.6% and -123.3% for the next quarter. Revenue growth from the last financial year stood is estimated to be -27.5%.
2 analysts offering their estimates for the company have set an average revenue estimate of $60Million for the current quarter. 2 have an estimated revenue figure of $92.5 Million for the next quarter concluding in September 01, 2020. Year-ago sales stood $106.8 Million and $146.49 Million respectively for this quarter and the next, and analysts expect sales will grow by -43.8% for the current quarter and -36.9% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +6.9% over the past 5 years. Earnings growth for 2020 is a modest -65.4% while over the next 5 years, the company’s earnings are expected to increase by 10%.