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Where Will Zedge Inc (ZDGE) Stock Go Next After It Has Gained 10.42% in a Week?

Wednesday, October 21, 2020 03:54 PM | InvestorsObserver Analysts

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Where Will Zedge Inc (ZDGE) Stock Go Next After It Has Gained 10.42% in a Week?

Zedge Inc (ZDGE) stock is higher by 10.42% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.

Sentiment Score - ,bullish
Zedge Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ZDGE!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score.

As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend.

Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.

InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.

Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With ZDGE Stock Today?

Zedge Inc (ZDGE) stock has gained 8.53% while the S&P 500 has fallen -1.63% as of 3:52 PM on Wednesday, Oct 21. ZDGE has gained $0.13 from the previous closing price of $1.47 on volume of 85,018 shares. Over the past year the S&P 500 is higher by 13.98% while ZDGE has fallen -3.64%. ZDGE lost -$0.21 per share in the over the last 12 months.

To see InvestorsObserver's Sentiment Score for Zedge Inc click here.

More About Zedge Inc

Zedge Inc provides content distribution platforms. Its content platform enables consumers to personalize their mobile devices with free, high-quality ringtones, wallpapers, home screen app icons, widgets and notification sounds. The company also launched a Zedge app.

Click Here to get the full Stock Score Report on Zedge Inc (ZDGE) Stock.

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