Today’s pre-market research on Stock-Callers.com is directed to the Multimedia and Graphics Software industry which includes companies that design and publish computer software for multimedia production, editing, and distribution. Stocks in focus are Zynga Inc. (NASDAQ: ZNGA), MGT Capital Investments Inc. (NYSE MKT: MGT), Activision Blizzard Inc. (NASDAQ: ATVI), and Electronic Arts Inc. (NASDAQ: EA). Learn more about these stocks by downloading their free research reports in PDF format at: http://stock-callers.com/registration
San Francisco, California headquartered Zynga Inc.’s shares saw a decline of 1.11% and finished Tuesday’s trading session at $2.68. A total volume of 12.42 million shares was traded. In the previous three months, the stock has advanced 2.29%. The Company’s shares, which develops, markets, and operates social games as live services played on the Internet, social networking sites, and mobile platforms in the US, North America, Asia, and the EU, are trading above their 200-day moving average by 8.15%. Moreover, shares of Zynga have a Relative Strength Index (RSI) of 44.83.
On August 4th, 2016, Zynga reported that revenue was $182 million for Q2 2016, a decrease of 9% compared to Q2 2015. The company noted that Bookings were $175 million for Q2 2016, flat compared to Q2 2015. Net loss was ($4) million for Q2 2016, compared to net loss of ($27) million for Q2 2015. Sign up and read the free research report on ZNGA at: http://stock-callers.com/registration/?symbol=ZNGA
MGT Capital Investments
On Tuesday, shares in Harrison, New York-based MGT Capital Investments Inc. recorded a trading volume of 1.70 million shares, and ended the session 3.74% lower at $3.35. The stock has surged 1,356.52% on an YTD basis. The Company’s shares are trading 1.95% above their 50-day moving average and 175.27% above their 200-day moving average. Furthermore, shares of MGT Capital Investments, which together with its subsidiaries, acquires, develops, and monetizes assets in the online, mobile, and casino gaming space, have an RSI of 50.81.
On August 15th, 2016, research firm Ascendiant Capital Markets initiated a ‘Buy’ rating on the Company’s stock, issuing a target price of $6 per share.
On August 16th, 2016, MGT Capital Investments reported that cash used in operations was $2.1 million in Q2 2016, an increase of $1.7 million, as compared to the quarter ended March 31st, 2016. The increase was primarily driven by legal and professional fees incurred in connection with the proposed D-Vasive acquisition. Cash and cash equivalents were $1.1 million as of June 30th, 2016, compared to $0.3 million as of December 31st, 2015. The complimentary research report on MGT can be downloaded at: http://stock-callers.com/registration/?symbol=MGT
Shares in Santa Monica, California headquartered Activision Blizzard Inc. closed the day at $39.31, down 5.23%. The stock recorded a trading volume of 26.06 million shares, which was above its three months average volume of 9.36 million shares. The Company’s shares have gained 3.12% in the previous three months and 2.38% since the start of this year. The stock is trading 8.61% above its 200-day moving average. Additionally, shares of Activision Blizzard, which develops and publishes online, PC, video game console, handheld, mobile, and tablet games, have an RSI of 40.84.
On August 4th, 2016, Activision Blizzard reported that GAAP net revenues were a Q2 record $1.57 billion for the quarter ended on June 30th, 2016, compared to $1.04 billion for Q2 2015. GAAP net revenues from digital channels were an all-time quarterly record of $1.14 billion, up 101% on y-o-y basis. GAAP earnings per diluted share were $0.17 compared to $0.29 for Q2 2015.
On August 08th, 2016, research firm Stifel reiterated its ‘Buy’ rating on the Company’s stock with an increase of the target price from $45 a share to $46 a share. Register for free on Stock-Callers.com and access the latest report on ATVI at: http://stock-callers.com/registration/?symbol=ATVI
At the closing bell yesterday, shares in Redwood City, California headquartered Electronic Arts Inc. ended 1.80% lower at $78.05, and with a total volume of 2.97 million shares traded. The stock has advanced 3.87% in the previous three months and 13.58% on an YTD basis. The Company’s shares are trading above their 50-day and 200-day moving averages by 2.00% and 12.44%, respectively. Furthermore, shares of Electronic Arts, which develops, markets, publishes, and distributes games, content, and services for consoles, personal computers, mobile phones, and tablets worldwide, have an RSI of 52.61.
On August 03rd, 2016, research firm MKM Partners reiterated its ‘Buy’ rating on the Company’s stock with an increase of the target price from $87 a share to $88 a share. Get free access to your research report on EA at: http://stock-callers.com/registration/?symbol=EA
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