GDEV - AI Stock Analysis

Analysis generated January 27, 2026

GDEV is positioned in the technology sector, with a focus on delivering innovative solutions and products. Over the years, it has committed to providing high-quality applications and services to its customers, capturing a significant market share. The company's management has continued to pivot towards sustainable growth and increasing shareholder value. However, the current market conditions demand a deeper analysis to understand its true standing and potential future movements.

Fundamental Analysis

The fundamental analysis of GDEV reveals mixed indicators. Revenue for the last quarter stood at $98 million. This represents a decrease of 18.63% compared to the previous quarter, signaling potential concerns regarding revenue streams. Additionally, there is an 11.83% drop when compared to the same quarter last year, which could indicate underlying challenges in market demand or competition.

Conversely, the net income reflects a positive pattern. The latest quarterly net income is reported at $24 million, marking a 45.08% increase over the previous quarter and a substantial 65.00% year-over-year increase. Such growth in net income suggests that GDEV has managed to improve its profitability, potentially through cost optimization or other strategic initiatives.

The EBITDA for the last quarter was $27 million, showing an increase of 41.34% from the quarter before and a noteworthy 63.85% rise from the same quarter last year. This positive trend in EBITDA signals robust operational performance and improved earnings efficiency.

Evaluating the company's valuation, the current Price to Earnings (P/E) ratio is 8.61. Given that this is relatively low, it may imply that GDEV is undervalued in the market, which could present a bullish outlook for potential investors.

Technical Analysis

From a technical standpoint, GDEV's stock price is currently $21.39, reflecting a robust increase of 33.94% over the past month. This short-term uptrend is further supported by a 57.86% increase in the stock price compared to a year ago, suggesting a solid long-term upward trajectory.

The trend appears bullish, with the current 10-day Simple Moving Average (SMA10) at 19.82, higher than the previous 10-day SMA of 19.34. This indicates a continual upward trend in price movement. Additionally, the Relative Strength Index (RSI) stands at 31.1, which suggests a neutral market condition—neither overbought nor oversold.

Alternative Data Analysis

Alternative data provides additional insights into GDEV's market position. Job postings show 0 open positions, with stability over the past few months, indicating a stable workforce and no immediate expansion or contraction plans.

Customer acquisition data highlights a concerning trend, with an estimated 7,000 visitors to their webpage, down by 13% over recent months. This could signify potential issues in attracting new customers or retaining current ones. Conversely, customer engagement on social media shows a slight positive uptick, with Twitter followers increasing by 4% over the last few months, suggesting growing interest or active community engagement with the company's brand.

According to AltIndex’s AI score, which combines fundamental, technical, and alternative data, GDEV has an AI score of 47, interpreted as a hold signal. This assessment recommends maintaining current positions without a strong push to buy or sell immediately.

Conclusion and Recommendation

Overall, GDEV presents a mixed yet cautiously optimistic picture. Positive net income and EBITDA growth, alongside a low P/E ratio, suggest underlying financial strength and potential undervaluation. Technically, both short-term and long-term trends demonstrate strong upward movements.

However, declining revenue, reduced web traffic, and a neutral AI score inject notes of caution. In summary, GDEV is positioned as a hold recommendation. Given its financial health and technical bullishness, it holds promise for future appreciation, but potential investors should remain vigilant about these mixed signals and market conditions.

Disclaimer: This AI stock analysis, generated by an experimental AI tool, is for informational purposes only and not financial advice. Information is based on publicly available data and may not always be accurate or current.