(GDEV) GDEV - Ratings and Ratios

GDEV Inc. is a global online gaming company with a diverse portfolio of games across multiple platforms, including mobile, social, and web-based. The companys flagship title, Hero Wars, is a role-playing game that has garnered significant traction worldwide. With its headquarters in Limassol, Cyprus, GDEV Inc. has established itself as a major player in the gaming industry, operating in the United States, Europe, Asia, and internationally.

The companys rebranding from Nexters Inc. to GDEV Inc. in June 2023 marked a significant milestone in its evolution, reflecting its commitment to growth and expansion. Founded in 2010, GDEV Inc. has developed a robust suite of games across various genres, with a focus on role-playing games. The companys online presence is supported by its website, https://gdev.inc, which provides a window into its gaming offerings and corporate activities.

Analyzing the companys technical data, we observe that the stock has experienced significant volatility, with a 52-week high of $34.34 and a low of $9.41. The current price of $14.82 is above its 20-day and 50-day simple moving averages (SMA) of $12.92 and $12.98, respectively, indicating a potential bullish trend. However, the stock remains below its 200-day SMA of $18.42, suggesting that the long-term trend is still bearish. The Average True Range (ATR) of 1.41, representing 9.49% of the current price, indicates moderate volatility.

From a fundamental perspective, GDEV Inc.s market capitalization stands at $199.07 million, with a price-to-earnings (P/E) ratio of 7.96 and a forward P/E of 6.39. The companys return on equity (RoE) is negative at -32.89%, indicating that it has not been generating profits for its shareholders. However, the relatively low P/E ratio may suggest that the stock is undervalued.

Forecasting the stocks performance based on the available technical and fundamental data, we can infer that GDEV Inc.s stock may experience a short-term bullish trend, driven by its recent price movements and the overall industry trends. However, the long-term bearish trend and negative RoE raise concerns about the companys profitability and ability to sustain its growth. As such, a potential forecast is that the stock may trade within a range of $12-$18 in the short term, with a potential breakout or breakdown depending on the companys future performance and industry developments.