Before we get into the specifics of big boys in the gaming industry, a upcoming micro cap stock needs your immediate attention. Versus Systems, Inc. (CSE:VS)(CSE:VS.CN)(OTCQB:VRSSF)(FRANKFURT:BMVA) recently announced that the company’s proprietary prizing platform will be integrated into Valhalla Games Studios International Ltd.’s “Devil’s Third Online™” (DTO), in development as a free-to-play (F2P) launch for PC. For investors looking to for a gaming stock with potential to join the big league, Versus Systems, Inc could be a perfect match.
“We are thrilled that ‘Devil’s Third Online’ will be able to provide a totally different type of fun for our game players through our collaboration with Versus,” said Tomonobu Itagaki, Chief Technology Officer of Valhalla Games Studios International Ltd. “DTO players can look forward to reaping real rewards for their skills, including accessories and apparel from Han Cholo; gaming gear and collectibles from Tier 1; cash and more.”
Activision Blizzard (NASDAQ:ATVI) currently has a P/E ratio of 35.16 and so far more than 4.14M shares have exhanged hands. ATVI recently announced the launch of a newly created Consumer Products division and the appointment of veteran Mattel and Disney executive Tim Kilpin as its CEO and president. The new division will further accelerate Activision Blizzard’s global growth strategy by leveraging its iconic content and creating new ways for audiences to connect with the Company’s franchises and characters.
Let’s take a quick look at the chart and technical analysis:
[intr_chart ticker=ATVI src=”http://www.financialstrend.com/wp-content/uploads/2017/02/25173-ATVI11.png”]
The Barchart Technical Opinion rating is a 72% Buy with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Weak. Long term indicators mostly agree with the trend. The market is in highly overbought territory. Beware of a trend reversal.
Electronic Arts (NASDAQ:EA) posted Better-than-Expected Q3 Earnings with revenues (including deferred revenues) came in at $2.070 billion. On a GAAP basis, the company reported breakeven earnings compared to the prior-year quarter’s loss of 14 cents a share.
[intr_chart ticker=EA src=”http://www.financialstrend.com/wp-content/uploads/2017/02/25173-EA8.png”]
The Barchart Technical Opinion rating is a 64% Buy with a Weakening short term outlook on maintaining the current direction. Longer term, the trend strength is Average. Long term indicators mostly agree with the trend.
Other notable stock that top the list of growing company’s in the gaming sector are GameStop (NASDAQ:GME) and Take-Two Interactive (Nasdaq: TTWO).
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