GDEV Inc. (NASDAQ:GDEV) Stock Catapults 67% Though Its Price And Business Still Lag The Market
GDEV Inc. (NASDAQ:GDEV) shares have had a really impressive month, gaining 67% after a shaky period beforehand. Not all shareholders will be feeling jubilant, since the share price is still down a very disappointing 16% in the last twelve months.
Although its price has surged higher, GDEV’s price-to-earnings (or “P/E”) ratio of 8.2x might still make it look like a strong buy right now compared to the market in the United States, where around half of the companies have P/E ratios above 20x and even P/E’s above 34x are quite common. However, the P/E might be quite low for a reason and it requires further investigation to determine if it’s justified.
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