Today’s generation is surgically attached to their smartphones due most recently to the overwhelming popularity of the ‘Pokemon Go’ app. Mobile and console gaming has always been a popular buy during the holiday season, but nowadays instant gratification is at an all time high thanks to the ease in which consumers can purchase games on their mobile devices via the App Store. One company to keep an eye on that is looking to please every gamer out there is SPYR, Inc. (OTC: SPYR) who strives to unite the eSport and mobile eSport gamers with its popular Pocket Starships app.
Nintendo Co. Ltd. (OTC:NTDOY) has seen its stock price more than double in the last three weeks since the launch of its previously mentioned ‘Pokemon Go’ app but is limited to just mobile devices instead of SPYR’s Pocket Starships app which is available to both the mobile and console gamer. In business as in life, it’s always important to cater to every current and potential customer. SPYR has this concept at the forefront of its mission statement.
The sky is the limit for companies in the gaming sector. In 2015, gaming revenue was estimated at $91.5 billion, which is more than double the filming industry. With China and Japan joining the United States as the world leaders in demand for the gaming supply, other countries are sure to follow suit as technology becomes more and more affordable and available in smaller, under developed countries. SPYR can also expand its product offering to other verticals as it grows its user base by offering more games, social media, and workplace apps, just to name a few.
Gaming has been around for nearly forty years since Atari released its classic video game console on September 11, 1977. There have been many design improvements and changes along with processor speed boosts and video enhancements, but the constant has always been the demand from the consumer, which has actually gotten much higher since the computer became a household item and Apple, Inc. (NASDAQ:AAPL) introduced the iPhone in 2007.
From an investment perspective, small gaming stocks like SPYR are a portfolio manager’s dream, especially if they are producing revenue… For the most recent reported quarter ending March 31, 2016, SPYR reported revenue of $332,389 and had a very attractive cash position of $5.9 million. SPYR’s stock was trading at $0.26 per share on volume of 48,500 shares, which is much more affordable compared to NTDOY’s $26-$28 share price. The company’s market capitalization was $39.83 million and its average daily volume was 103,169 shares, so liquidity was more than enough to get in and out of trades without any trouble. There is also plenty of room for upside as the 52-week range falls between $0.12 and $0.46 per share.
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