Posted on July 9, 2018
3 Hot Mobile Game Stocks to Buy
KING doesnt want to come off as another one-hit wonder likeZynga Inc.(NASDAQ:ZNGA). To prove its serious about the mobile games space, KINGbought Seattle-based game companyZ2to boost productivity.
The 3 Cheapest Tech Stocks Worth Buying
NTES currently has an enterprise value of nearly $10 billion, and is eying further growth by expanding its reach from China to Redwood Shores, California by way of a US headquarters, and its first major western release,Speedy Ninja, is planned for a summer iOS and Android release.
About UsResourcesAdvisory ServicesFree NewslettersFree ReportsContact UsAdvertise With UsEmploymentPrivacyTerms and ConditionsDisclosures and DisclaimersMedia Sites
From a technical standpoint, NTES is currently nearing oversold territory, with its RSI down in the high-30s. That means it could be preparing for a solid move back upward.
4 Best Big Data Stocks to Buy Today
We intend to continue expanding upon our entertainment partnerships on an ongoing basis and have a number of later-stage discussions underway. I anticipate Glu titles having the support of over 400 million social channel followers by the end of 2016.
(NYSE:KING) increased 20% year over year to 149 million, while KING exceeded revenue expectations with $545 million to Wall Streets $515 million. These stats are in no small part thanks to its iOS and Android
7 Megatrend Stocks With Long-Term Upside Potential
Glu Mobile CEO, Niccolo de Masi, had this say:
KING specializes in freemium games (meaning free-to-play, but with additional in-game items that you can purchase), and continues to refine its capabilities totrack what itsusers want out of their gameplay experience. KING uses the data to create games with the intent of maximizing in-app purchases.
7 Stocks at Risk as Trumps Trade War Heats Up
The ONLY 2 Marijuana ETFs to Consider
The mobile games business continues surging forward. Global sales of smartphones increased 23% in 2014 year over year, while the average time playing mobile gamesjumped 57%from 2012 to 2014.
5 Sports Betting Stocks to Put Your Money On
Apple (AAPL): Dow Jones Membership Is All Pomp, Little Circumstance
10 Best Blue-Chip Stocks to Buy in July
The Top 10 S&P 500 Dividend Stocks for March
However, the business depends not just on the numbers of these users and the length of their playing time, but on their willingness to concede to in-app purchases in the free-to-play games littering the iOS and Android app stores.
As the mobile gaming markets continues to increase in users and spending, here are three mobile game stocks to watch, each with solid strategies for continued growth in the burgeoning mobile market.
When buying stocks in the mobile arena, an important indicator of future success is the ability to grow. Growth requires cash, and NTES is one of the best stocks to invest in for mobile growth thanks to NTESs trailing-12-month free cash flow of $5.2 billion.
We are building games that people want to play and are excited to launch them into global markets,said David Ting, general manager of NetEase North America.
As of this writing, John Kilhefner did not hold a position in any of the aforementioned securities.
Mobile Game Stocks:King Digital Entertainment (KING)
Hot Mobile Game Stock:Glu Mobile Inc (GLUU)
Between its earnings beat and the Katy Perry deal, GLUU stockshot up 36% since the beginning of February. Growth investors should note that Glu Mobiles annual EPSincreased each year for the past five years.
Article printed from InvestorPlace Media,
Mobile Game Stocks: NetEase, Inc (NTES)
(NASDAQ:NTES), a Beijing company known for the high-traffic and a Chinese license to sell World of Warcraft from(NASDAQ:ATVI), is now a fierce competitor in the mobile space. Several analystsreleased fawning buy recommendations, with a high price target of $116 18% higher than the current stock price.
My Top 8 Growth Stocks for the Next Decade
(NASDAQ:GLUU) handily surpassed analyst revenue expectations by about $10 million in its last earnings call, and GLUU plans to keep the momentum going strong.
Trade of the Day: Twitter Inc (TWTR)
KING stock should be particularly attractive to anyone who follows the Benjamin Graham style of investing looking for cheap, financially stable stocks that will grow over time. Kings cash of roughly $900 million exceeding the companys (nonexistent) long-term debt. Its moderate P/E of 8.38 makes KING stock one of the best stocks to invest in when it comes to mobile gaming.
3 Telecom Stocks to Consider for Long-Term Growth
Glus plans for the future surround the release mobile games coinciding with impending Hollywood blockbusters like the new James Bond movieSpectreandTerminator Genisys.
Fresh off stellar success withKim Kardashian: Hollywood, Glu proves it is a firm believer in the adage, if it isnt broke, dont fix it, as it recently announced a deal with Katy Perry for another mobile iOS and Android title in late 2015.
To that respect, Liam Callahan, an analyst for the NPD Group, saidmore thantwicethe numberof gamers are snapping upin-app content than they did in 2012.
5 Healthcare Stocks winning Big From Record Spending