|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||60.51 - 61.29|
|52-week range||56.72 - 82.55|
|Beta (5Y monthly)||0.63|
|PE ratio (TTM)||13.72|
|Forward dividend & yield||2.56 (4.22%)|
|Ex-dividend date||29 Mar 2021|
|1y target est||71.00|
In this video, I will talk about five reasons Nintendo (OTC: NTDOY) stock might explode soon. The stock is down 22% YTD, but I believe the company has a lot of positive things coming its way. And its recent $652 million share buyback suggests that it's confident the stock is worth more.
Nintendo's (OTC: NTDOY) Switch game system has surpassed 85 million units sold to consumers. It's been a massive success for the Japanese gaming brand, but it's getting more difficult for Nintendo to post strong year-over-year growth rates after more than four years since its launch. Nintendo's valuation is starting to look very enticing as the stock is trading at just 13 times trailing-12-month earnings.
Nintendo (OTC: NTDOY) was one of the most popular stocks of 2020. Propelled by the COVID-19 lockdowns and the hit title Animal Crossing: New Horizons, the Japanese video game company saw sales of its Switch platform soar last year to 28.8 million units across the globe. Demand has slowed in 2021 with the company guiding for 25.5 million Switch (and Switch Lite) sales this fiscal year, which ends in March 2022.