Market's view on Devolver Dig. S
Published on April 2024
- Some stock watchers are observing large trading volumes, noting transactions with significant shares changing hands and discussing the implications on the company’s stock price.
- There are expressions of frustration about the current state of the company’s stock, with some watchers feeling misled about its potential.
- A stock watcher shared an optimistic view based on the company’s financial health, citing positive attributes like being cash generative, having no debt, and operating in a growing market.
- The company had a strong financial performance in the year reported, with significant increases in revenue, EBITDA, and improvements in margins. The success of new game releases and back catalogue sales were highlighted.
- Strategic successes include a successful IPO, partnerships with developers, and industry recognition, including awards.
- Concerns are raised about possible market oversights, particularly in comparing the company’s performance and potential against its peers, despite positive financial updates and growth in an attractive sector.