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Nexters stock hits 52-week low at $13.73 amid 38% yearly drop

Published 24/03/2025, 19:52
Nexters stock hits 52-week low at $13.73 amid 38% yearly drop
GDEV
0.00%

In a challenging year for Nexters, the mobile game developer’s stock has tumbled to $13.73, trading at just 11x earnings. According to InvestingPro analysis, the stock appears undervalued, with additional valuation insights available to subscribers. This latest price point underscores a significant downturn for the company, which has seen its stock value decline by 18.2% over the past year. Investors have been wary as Nexters grapples with industry-wide headwinds, including increased competition and changing consumer spending habits. Despite these challenges, InvestingPro data shows the company maintains a "GOOD" financial health score and holds more cash than debt on its balance sheet - one of 14 exclusive ProTips available for the stock. With earnings scheduled for March 28, investors await potential catalysts for recovery as the company strives to regain its footing in the competitive gaming market.

In other recent news, GDEV Inc. announced a one-time special cash dividend of $3.31 per share, totaling approximately $60 million. This dividend is scheduled for payment on March 11, 2025, to shareholders on record by March 3, 2025. The dividend represents a yield of about 20% based on the volume-weighted average price of GDEV’s shares over the last 30 trading days. This payout will be funded from the company’s accrued profits, which are part of its total cash balance of around $153 million as of the third quarter of 2024. Additionally, GDEV has appointed its founder and CEO, Andrey Fadeev, as the new Chairperson of the Board, with Natasha Braginsky Mounier stepping down. The Board will maintain its independent majority, with three out of five members being independent. GDEV aims to enhance synergy between strategic management and operational activities with this leadership change. These developments reflect GDEV’s ongoing commitment to shareholder value and long-term growth.

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