How to Buy Doubledown Interactive Co Stock
Doubledown Interactive Co Ltd
DoubleDown Interactive Co. , Ltd. engages in the development and publishing of digital games on mobile and web-based platforms for casual players in South Korea.
Doubledown Interactive Co stock last closed at $8.25, down 0.96% from the previous day, and has decreased 28.26% in one year. It has underperformed other stocks in the Electronic Gaming & Multimedia industry by 0.09 percentage points. Doubledown Interactive Co stock is currently +11.34% from its 52-week low of $7.41, and -36.63% from its 52-week high of $13.02.
At the moment, there are 2.48M shares of DDI outstanding. The market cap of DDI is $408.82M. In the last 24 hours, 26,845 DDI shares were traded.
How to Buy Doubledown Interactive Co Stock
Wondering how to invest in Doubledown Interactive Co stock? Here's how.
- Choose where to buy Doubledown Interactive Co stock: You need to decide on an online brokerage, but don't worry - we've sifted through dozens of stock brokerages and apps to help you determine where to buy Doubledown Interactive Co stock.
- Open a brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Fund your investment account: Pick your method of payment and add your information.
- Evaluate Doubledown Interactive Co stock: The Doubledown Interactive Co ticker symbol is DDI. Is Doubledown Interactive Co stock a good investment? Should you buy shares of DDI? How do DDI's underlying business fundamentals look? Do top analysts think Doubledown Interactive Co is a good buy? Why has DDI's stock price moved recently? (Hint: Our stock analysis website can help you understand if DDI is a good stock to buy).
- Place your DDI trade: Decide if you will purchase DDI shares at the current market price or use a limit order to buy DDI stock at a particular price.
- Keep an eye on your investment in DDI: Create a watchlist to track your investment in Doubledown Interactive Co shares.
Step 1: Choose where to buy Doubledown Interactive Co stock
You will need a brokerage account in order to access the NASDAQ market and buy DDI shares.
Our preferred brokerage: eToro
Based on our analysis, eToro is the best online stock brokerage. eToro gives you:
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- Buy fractional shares: Even if you don't have the money to buy a full share, you can still buy the stock.
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- Social investing: eToro boasts a community of more than 20 million users globally. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed fintech leader.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your stock purchase by opening an account with eToro now.
Open eToro AccountStep 2: Open a brokerage account
Now that you've chosen the best brokerage, it's time to fill out some personal information so you are able to invest in DDI stock today.
How to Create a New Brokerage Account on eToro
- Click here to get started.
- Enter your personal data to create a new trading account.
- Submit your info by pressing the "Create Account" button.
Step 3: Fund your investment account
Now that you have finished signing up on a good online stock trading app, you can securely and quickly fund your account:
Check out the walkthrough below for more details depositing funds into your investment account.
Step 4: Evaluate Doubledown Interactive Co stock
Once you have decided on the best place to buy Doubledown Interactive Co stock, it's important to research their stock prior to investing, so you truly understand the risk and opportunity.
Doubledown Interactive Co Metrics
Doubledown Interactive Co Fundamentals
WallStreetZen was designed to help part-time investors do more in-depth fundamental analysis.
You can see all of the due diligence checks on DDI's stock page.
Is DDI stock overvalued?
You can use many financial metrics, analyses, models, and charts to gauge DDI's intrinsic value.
Using relative valuations methods:
- DDI could be undervalued based on its P/B ratio of 0.65x, relative to Electronic Gaming & Multimedia industry P/B ratio of 4.36x
You can access more valuation research on DDI's stock here.
DDI Financial Health Summary
Positive Financial Indicators:
- DDI's operating cash flow of $50.79M allows it to safely service it's debt of $44.13M.
- There are more short-term assets than long-term liabilities on the DDI balance sheet.
- DDI has a low debt to equity ratio of 0.27.
- There are more short-term assets than short-term liabilities on the DDI balance sheet.
Negative Financial Indicators:
- DDI profit margin has gone down from 21.5% to -72.9% in the past year.
- DDI earnings of -$303.34M is not enough to cover its interest payments.
Do Wall Street analysts think it's a good time to buy DDI stock
Out of 2 Equities analysts who give recommendations on DDI, the consensus analyst rating on Doubledown Interactive Co is a Strong Buy
Please keep in mind that analyst ratings are not recommendations, nor are they investment advice.
Latest DDI Analyst Recommendations
Aaron Lee, a bottom 30% analyst from Macquarie initiates coverage on DDI with a buy rating and announces their DDI price target of $17.00, on Sep 15, 2022.
David Bain, a top 3% analyst from B. Riley Securities maintains DDI with a strong buy rating and lowers their DDI price target from $30.00 to $20.00, on Jun 28, 2022.
You can dive deeper into what analysts are projecting on the Doubledown Interactive Co stock forecast page.
DDI Technicals
DDI Growth Metrics
Last year, DDI revenue was $321.03M. In the last 3 year, DDI's revenue has grown by 55.75% per year. This was faster than the Electronic Gaming & Multimedia industry average of 36.24%.
Dig into DDI's earnings and revenue performance here.
Are DDI executives and large shareholders buying or selling the stock?
In the last year, executives and large shareholders at DDI have not bought or sold any shares.
Get more info about who owns DDI stock here.
Can I rely on DDI as an income stream?
No, Doubledown Interactive Co doesn't provide an income stream by paying out dividends.
DDI Social Trading Data
One of the biggest reasons eToro is our favorite brokerage is because of its social trading community.
Click below to find out what other community members have to say.
Step 5: Place your DDI trade
You have two main order types:
- Market order: A market order is an order to buy or sell a security at the best available price.
Market orders are mostly the best for newer investors. - Limit order: A limit order lets you buy or sell a security at a specific price (or better).
If you want to ensure you're buying or selling at an exact dollar amount limit, use a limit order.
Click the Open Trade button and your broker will execute your order.
If you want additional assistance buying stocks on eToro, click the how to video below:
Step 6: Keep an eye on your investment in DDI
Now that you own some DDI stock, you'll want to stay up-to-date on your new company.
Create a watchlist to get alerted to the latest events about your DDI stock.
DDI Feed
How to Buy Stock in Doubledown Interactive Co
To summarize, here are the 6 steps to buy Doubledown Interactive Co stock:
- Choose where to buy Doubledown Interactive Co stock
- Open a brokerage account
- Fund your investment account
- Evaluate Doubledown Interactive Co stock
- Place your DDI trade
- Keep an eye on your investment in DDI
If you are looking for a brokerage, eToro is our recommended venue.
Get Started with eToro TodayIf you want to get notifications regarding your new investment in Doubledown Interactive Co, create your watchlist below.
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