Zedge (ZDGE) has a 100% chance of gaining big in the short-term.
ZDGE's key breakout point is $2.50 per share. As soon as ZDGE breaks $2.50 per share it explodes into the $3-$4 per share range within days.
The last time ZDGE surpassed $2.50 per share about one year ago it exploded to $3.74 per share.
Historically, ZDGE has averaged a 52-week high of 5.10X its 52-week low.
This would currently value ZDGE at $8.57 per share.
ZDGE's long-term median ratio between its 52-week high and 52-week low has been 2.96.
This would currently value ZDGE at $4.97 per share.
ZDGE's lowest ever ratio between its 52-week high and 52-week low was 1.84 back on February 19, 2020.
It is unlikely that ZDGE's 52-week high/52-week low ratio ever returns to 1.84, but even if it does it would value ZDGE at $3.09 per share.
The momentum from ZDGE hitting $3.09 per share would most likely take it back to between $4.97 and $8.57 per share by this summer.
Past performance is not an indicator of future returns. NIA is not an investment advisor and does not provide investment advice. Always do your own research and make your own investment decisions. This message is meant for informational and educational purposes only and does not provide investment advice.