DoubleDown Interactive Co Ltd ADR (NASDAQ:DDI) price on Friday, June 13, rose 7.85% above its previous day’s close as an upside momentum from buyers pushed the stock’s value to $8.79.
A look at the stock’s price movement, the close in the last trading session was $8.15. The PE ratio in trailing twelve months stood at 3.71. Turning to its 52-week performance, $18.21 and $8.09 were the 52-week high and 52-week low respectively. Overall, DDI moved -11.57% over the past month.
DoubleDown Interactive Co Ltd ADR’s market cap currently stands at around $435.54 million, with investors looking forward to this quarter’s earnings report slated for in July.
2 analyst(s) have given their forecast ratings for the stock on a scale of 1.00-5.00 for a strong buy to strong sell recommendation. A total of 0 analyst(s) rate the stock as a Hold, 2 recommend DDI as a Buy and 0 give it an Overweight rating. Meanwhile, 0 analyst(s) rate the stock as Underweight and 0 say it is a Sell. As such, the average rating for the stock is Buy which could provide an opportunity for investors keen on increasing their holdings of the company’s stock.
DDI’s current price about -11.96% and -11.42% off the 20-day and 50-day simple moving averages respectively. The Relative Strength Index (RSI, 14) currently prints 36.77, while 7-day volatility ratio is 15.37% and 6.55% in the 30-day chart. Further, DoubleDown Interactive Co Ltd ADR (DDI) has a beta value of 0.86, and an average true range (ATR) of 0.56. Analysts have given the company’s stock an average 52-week price target of $18.125, forecast between a low of $12.25 and high of $24. Looking at the price targets, the low is -39.36% off current price level while to achieve the yearly target high, price needs to move -173.04%. Nonetheless, investors will most likely welcome a -106.2% jump to $18.125 which is the analysts’ median price.
If we refocus on DoubleDown Interactive Co Ltd ADR (NASDAQ:DDI), historical trading data shows that trading volumes averaged 42.60K over the past 3 months. The company’s latest data on shares outstanding shows there are 49.55 million shares.
Current price change has pushed the stock -15.80% YTD, which shows the potential for further growth is there. It is this reason that could see investor optimism for the DDI stock continues to rise going into the next quarter.
