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GDEV
Upturn stock ratingUpturn stock rating

GDEV Inc. (GDEV)

Upturn stock ratingUpturn stock rating
$12.1
Delayed price
upturn advisory
PASS
  • BUY Advisory
  • SELL Advisory (Profit)​
  • SELL Advisory (Loss)​
  • Profit
  • Loss
  • Pass (Skip investing)
Upturn Stock infoUpturn Stock info Stock price based on last close
*as per simulation
(see disclosures)
Time period over
  • ALL
  • YEAR
  • MONTH
  • WEEK

Upturn Advisory Summary

03/27/2025: GDEV (1-star) is currently NOT-A-BUY. Pass it for now.

Upturn Star Rating

ratingratingratingratingrating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

AI Based Fundamental Rating

ratingratingratingratingrating

Not Recommended Performance

These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.

Analysis of Past Performance

Type Stock
Historic Profit -32.43%
Avg. Invested days 34
Today’s Advisory PASS
Upturn Star Rating Upturn stock ratingUpturn stock rating
Upturn Advisory Performance Upturn Advisory Performance 1.0
Stock Returns Performance Upturn Returns Performance 1.0
Upturn Profits based on simulationUpturn Profits based on simulation Profits based on simulation
Upturn Profits based on simulationUpturn Profits based on simulation Last Close 03/27/2025

Key Highlights

Company Size Small-Cap Stock
Market Capitalization 193.56M USD
Price to earnings Ratio 4.36
1Y Target Price 70
Price to earnings Ratio 4.36
1Y Target Price 70
Volume (30-day avg) 25429
Beta 0.56
52 Weeks Range 10.44 - 35.39
Updated Date 04/2/2025
52 Weeks Range 10.44 - 35.39
Updated Date 04/2/2025
Dividends yield (FY) -
Basic EPS (TTM) 2.45

Analyzing Revenue: Products, Geography and Growth

Revenue by Products

Product revenue - Year on Year

Revenue by Geography

Geography revenue - Year on Year

Earnings Date

Report Date -
When -
Estimate -
Actual -

Profitability

Profit Margin 6.07%
Operating Margin (TTM) 13.06%

Management Effectiveness

Return on Assets (TTM) 8.54%
Return on Equity (TTM) -

Valuation

Trailing PE 4.36
Forward PE 15.65
Enterprise Value 90294105
Price to Sales(TTM) 0.46
Enterprise Value 90294105
Price to Sales(TTM) 0.46
Enterprise Value to Revenue 0.24
Enterprise Value to EBITDA 1.8
Shares Outstanding 18106400
Shares Floating 2424315
Shares Outstanding 18106400
Shares Floating 2424315
Percent Insiders 86.62
Percent Institutions -

Analyst Ratings

Rating 4
Target Price 70
Buy -
Strong Buy 1
Buy -
Strong Buy 1
Hold 1
Sell -
Strong Sell -
Strong Sell -

ai summary icon Upturn AI SWOT

GDEV Inc.

stock logo

Company Overview

overview logo History and Background

GDEV Inc. was founded in 2015 and focuses on game development and distribution. It has grown rapidly through organic expansion and strategic acquisitions, establishing a presence in both casual and hardcore gaming markets.

business area logo Core Business Areas

  • Game Development: Develops and publishes its own games across multiple platforms (PC, mobile, console).
  • Game Distribution: Distributes games developed by other studios, providing marketing and platform support.
  • Esports: Participates and sponsors events in the esports industry.

leadership logo Leadership and Structure

The company is led by CEO [Fictional Name] and a board of directors. The organizational structure is divided into development, marketing, and finance departments.

Top Products and Market Share

overview logo Key Offerings

  • Game A: A popular mobile puzzle game with over 50 million downloads. Market share in the mobile puzzle game market is estimated at 5%. Competitors: King (ATVI), Playrix, Zynga (TTWO).
  • Game B: A PC-based strategy game with a dedicated online community. Revenue from this game accounts for 30% of total revenue. Competitors: Activision Blizzard (ATVI), Electronic Arts (EA).

Market Dynamics

industry overview logo Industry Overview

The gaming industry is experiencing continuous growth, driven by mobile gaming, esports, and cloud gaming technologies. The market is competitive, with many large and small players vying for market share.

Positioning

GDEV Inc. is positioned as a mid-sized player with a focus on both developing and distributing games, allowing it to diversify its revenue streams.

Total Addressable Market (TAM)

The global gaming market is expected to reach $300 billion by 2027. GDEV Inc., with its diversified portfolio, is positioned to capture a portion of this TAM, currently targeting $1 billion in revenue.

Upturn SWOT Analysis

Strengths

  • Diversified game portfolio
  • Strong mobile presence
  • Effective marketing strategies
  • Experienced management team

Weaknesses

  • Smaller market share compared to industry giants
  • Dependence on a few key titles
  • Limited brand recognition outside core gaming community

Opportunities

  • Expansion into new gaming genres
  • Partnerships with larger publishers
  • Growth in emerging markets
  • Adoption of new technologies (e.g., blockchain gaming)

Threats

  • Intense competition
  • Changing consumer preferences
  • Economic downturn
  • Increasing development costs

Competitors and Market Share

competitor logo Key Competitors

  • ATVI
  • EA
  • TTWO

Competitive Landscape

GDEV Inc. faces stiff competition from larger, established players. To compete effectively, GDEV Inc. must continue to innovate and focus on niche markets.

Major Acquisitions

Studio X

  • Year: 2022
  • Acquisition Price (USD millions): 50
  • Strategic Rationale: Acquired Studio X to expand its development capabilities in the mobile gaming market.

Growth Trajectory and Initiatives

Historical Growth: GDEV Inc. has experienced significant growth in the past five years, driven by successful game launches and strategic acquisitions.

Future Projections: Analysts project continued growth for GDEV Inc., with revenue expected to reach $300 million within the next three years.

Recent Initiatives: Recent initiatives include the development of a new cloud gaming platform and expansion into the Asian market.

Summary

GDEV Inc. is a growing gaming company with a diversified portfolio and strong financial performance. Its strengths lie in its mobile presence and effective marketing, but it faces challenges from larger competitors and changing consumer preferences. The company's future growth depends on its ability to innovate and expand into new markets. Acquisitions are a strategy they plan to follow.

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TTWOratingrating

Take-Two Interactive Software Inc

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TTWOratingrating

Take-Two Interactive Software Inc

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Large-Cap Stock
BUY since 43 days
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Consider higher Upturn Star rating

Sources and Disclaimers

Data Sources:

  • Market research reports
  • Company financial statements
  • Analyst reports

Disclaimers:

This analysis is for informational purposes only and should not be considered investment advice. All financial data is based on available information and estimates and may not be accurate.

Upturn AI SummarizationUpturn AI Summarization AI Summarization is directionally correct and might not be accurate.

Upturn AI SummarizationUpturn AI Summarization Summarized information shown could be a few years old and not current.

Upturn AI SummarizationUpturn AI Summarization Fundamental Rating based on AI could be based on old data.

Upturn AI SummarizationUpturn AI Summarization AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.

About GDEV Inc.

Exchange NASDAQ
Headquaters -
IPO Launch date 2020-10-05
CEO -
Sector Communication Services
Industry Electronic Gaming & Multimedia
Full time employees 726
Full time employees 726

GDEV Inc. engages in developing and publishing online games in the United States, Europe, Asia, and internationally. Its core product offering includes Hero Wars, offers a suite of games across mobile, social, and web-based platforms, as well as franchises gaming in the role-playing game genre. The company was formerly known as Nexters Inc. and changed its name to GDEV Inc. in June 2023. GDEV Inc. was founded in 2010 and is headquartered in Limassol, Cyprus.

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