Boston, MA 11/25/2013 (wallstreetpr) – Last week was a very interesting trading period for Zynga Inc (NASDAQ:ZNGA). The social games developer made a rare gain in the week by rising more than 7%. The gain interrupted the company’s trend of volatile range for the past several months. Looking at the positive reviews which the social games developer has received recently, the ticker is expected to continue gaining on the browsers in the coming months and quarters.
Zynga Inc (NASDAQ:ZNGA) has been greatly challenged since it went public. But now the stock is picking and there are signs that with expanding social media network, it is poised for exponential growth going forward. Breaking the old gaming habits to introduce social gaming has been one area of particular headache to the company. However, its production Zynga Poker is now gaining traction on such platforms as iOS devices and a lot of other mobile platforms. There is lucrative business in penetrating mobile gaming platforms as uptake of smartphones continue to grow globally.
The dollar in mobile gaming market is expected to rise to $23.9 million by fall of 2016. By designing games that suite the mobile gaming platform, Zynga Inc (NASDAQ:ZNGA) will not only be able to increase foothold in the market, but also return value for investors.
It makes good reading that ZNGA’s news management is has committed to more games roll out and reduction in operating costs which should help the company explode into profitability sooner than expected. With $3.52 billion in market cap and over $4.38 per share, Zynga Inc (NASDAQ:ZNGA) is promising stock whose time for steep rise is yet to come and this could be happening in the near term of just a few months from now. This ticker might not be among the high-flying stocks, but it obviously is among the most interesting stocks in the industry given its potential and struggle that is paying off in the midst of a challenging environment.