3.96 0.00 (0.00%)
After hours: 5:05PM EDT
|Bid||3.90 x 800|
|Ask||3.98 x 800|
|Day's Range||3.89 - 3.97|
|52 Week Range||3.20 - 4.57|
|PE Ratio (TTM)||96.59|
|Earnings Date||Nov 5, 2018 - Nov 9, 2018|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||4.84|
Disney inking a deal with Zynga to develop a 'Star Wars' mobile game and shares of Zynga are popping on the news.
Zynga (ZNGA) moves ahead with its multi-year partnership deal with World Poker Tour, its biggest in-game partnership deal to date.
Today, Zynga Inc. (ZNGA), a leading social game developer, announced that it will be taking its multi-year partnership deal with renowned poker tournament series, the World Poker Tour®, into the digital realm of Zynga Poker, the world’s largest free-to-play poker game. Beginning today, players can experience the authentic tournament style play that the World Poker Tour is known for in the competitive virtual world of Zynga Poker, marking the game’s largest ever in-game partnership with additional competitive modes in future quarters. “Our Zynga Poker players are an extremely passionate group who aspire to feel like true poker champions,” said Bernard Kim, President of Publishing.
Short interest is extremely low for ZNGA with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ZNGA. The net inflows of $1.21 billion over the last one-month into ETFs that hold ZNGA are among the lowest of the last year and appear to be slowing.
So far in this series, we’ve looked at the drivers and trends impacting the global gaming industry, as well as the revenue and earnings growth of gaming stocks. In this final part of the series, we’ll look at the valuation ratios and other metrics of these companies.
Can Gaming Stocks Continue to Outperform the Market? With most gaming companies expected to post robust revenues and earnings in fiscal 2018 and fiscal 2019, let’s see whether analysts expect upside potential in these stocks. Of the 25 analysts tracking Activision Blizzard (ATVI) stock, 21 analysts recommended a “buy,” three recommended a “hold,” and one recommended a “sell.” The average 12-month price target for ATVI is $80.42, indicating that the stock is trading at a discount of 11.5% to analysts’ estimates.
Can Gaming Stocks Continue to Outperform the Market? In the previous part of this series, we looked at the stock returns of the four major gaming companies in our survey. Analysts expect Activision Blizzard’s (ATVI) revenues to rise 4.7% in fiscal 2018 and 7.8% in fiscal 2019.
Can Gaming Stocks Continue to Outperform the Market? Gaming companies have benefited significantly due to these trends, producing growth in revenues and earnings. Gaming stocks have been on a roll since 2015.
Short interest is extremely low for ZNGA with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ZNGA. ETFs that hold ZNGA had net inflows of $2.09 billion over the last one-month.
The half-billion-dollar bet that Zynga Inc. made three chief executives ago may have just paid off. After the market closed Tuesday, the videogame maker announced that it had signed a deal with Walt Disney Co. (DIS) for the rights to develop and publish a new “Star Wars” mobile game under its NaturalMotion studio. The deal is a considerable victory for Zynga, which has struggled to earn back its 2014 investment of $527 million in the U.K.-based NaturalMotion.
Short interest is extremely low for ZNGA with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting ZNGA. ETFs that hold ZNGA had net inflows of $1.89 billion over the last one-month.
With just a superficial glance, it’s not difficult to understand why Zynga (NASDAQ:ZNGA) shares surged on Wednesday. Any partnership with Walt Disney (NYSE:DIS) is likely to drive at least a little extra fiscal success, so the bump to Zynga stock wasn’t a total surprise. The deal to make the new Star Wars game expands Zynga’s potential even further.
Neither of those names sport stock charts that have earned them a spot on Thursday’s list of potential trades worth watching though. For today, GGP (NYSE:GGP), Analog Devices (NASDAQ:ADI) and Citizens Financial Group (NYSE:CFG) are shaping up as your top trading prospects… at least until something dramatic changes their brewing situations. It was one of the three stock charts put under the microscope back on July 26 as it began to rally out of a funk and pick up steam.
Just recently, gaming company Zynga (ZNGA) and media giant Disney (DIS) signed a partnership deal for Zynga to develop video games based on the Star Wars franchise.
lower while the Nasdaq gained Wednesday. Investors appeared to shrug off the latest legal fallout surrounding President Trump. The S&P 500 set an intraday record high on Tuesday, Aug. 21, and closed with its fourth day of gains, setting up U.S. stocks to record their longest bull market run in history.
The deal between Zynga and Disney will allow the former to develop a new Star Wars game for mobile devices. To go along with the ability to create a new Start Wars mobile game, Zynga will also take over live services for Star Wars: Commander. Star Wars: Commander is a real-time strategy game developed by Disney for mobile devices in 2014.
The Walt Disney Company (DIS) recently struck a multiyear partnership deal with social gaming company Zynga (ZNGA). On August 21, the media giant offered a license to Zynga to develop video games based on Lucasfilm’s Star Wars franchise.
Zynga announced a partnership with Disney to make a Star Wars mobile game. Through the partnership with Disney, Zynga has the option to create a second game. Game maker Zynga ZNGA is popping on news of a partnership with Disney DIS to make a "Star Wars" mobile game.
Zynga (ZNGA) announces partnership with Disney for Star Wars franchise and looks to earn returns from investment in NaturalMotion studio.