DDI Stock Summary and Trading Ideas (Doubledown Interactive Co. Ltd. - American Depository Shares | NASDAQ:DDI)

DoubleDown Interactive Co Ltd is a developer and publisher of digital games on mobile and web-based platforms. The company is the creator of multi-format interactive entertainment experiences for casual players. Its market opportunity includes casual gaming globally, which includes slots, puzzles, cards, match three, and other similar games. Within the social casino segment of casual gaming, which includes free-to-play online slots, poker, table games, and bingo. Other games developed by the company are DoubleDown Fort, DoubleDown Classic, and Ellen's Road to Riches. The company has a presence in the international market, and it derives a majority of its revenue from the United States of America.

Doubledown Interactive Co. Ltd. - American Depository Shares trades on the NASDAQ stock market under the symbol DDI.

As of January 3, 2025, DDI stock price climbed to $10.80 with 21,908 million shares trading.

DDI has a beta of 0.71, meaning it tends to be less sensitive to market movements. DDI has a correlation of 0.02 to the broad based SPY ETF.

DDI has a market cap of $535.18 million. This is considered a Small Cap stock.

Last quarter Doubledown Interactive Co. Ltd. - American Depository Shares reported $83 million in Revenue and $.51 earnings per share. This fell short of revenue expectation by $-2 million and missed earnings estimates by -$.05.

In the last 3 years, DDI traded as high as $18.21 and as low as $6.95.

DDI has outperformed the market in the last year with a price return of +37.9% while the SPY ETF gained +27.8%. However, in the short term, DDI had mixed performance relative to the market. It has underperformed in the last 3 months, returning -28.0% vs +4.6% return in SPY. But in the last 2 weeks, DDI shares have fared better than the market returning +0.2% compared to SPY +0.1%.

DDI support price is $9.78 and resistance is $10.68 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DDI shares will trade within this expected range on the day.