In: Finance
Nintendo is a Japanese company which makes consumer electronics and video game founded in 1889. It has sold world famous gaming consoles like the Game Boy, the Super Nintendo Entertainment System, the Nintendo DS, the Wii, and the Nintendo Switch.It is a MNC and has subsidiaries abroad in US, Germany, Australia and Korea. It is consider as on of the wealthiest companies in Japan with a annual turnover of Yen 1.309 trillion Nintendo stock trades on the Tokyo and Osaka exchanges. U.S. investors can buy Nintendo ADRs over-the-counter and ticker symbol is NTDOY.
Today NTDOY trades OTC at $72.06 with 2.18% appreciation today. Looking at the graph of 1 year it shows a steady rise in the NTDOY with all time 52 weeks high of $72.82 in the month of September 2020 and a low of $39.70 in the month of march 2020 and in past 6 months the value of NTDOY has really appreciated to almost double. This is mainly due to increase in digital sales during during the first fiscal quarter of the years ended 30 June 2020 show double growth in sales and in net profit and in long run performance of the share really depend on the earning growth of the company,
Hence, there are expectations that the NTDOY will rise in future at a steady rate looking at growth in sales and earnings of the company. About a 10% rise can be expected in next 12 months subject to short term volatility looking at the earnings of the company.
Refer the below One year graph
Source: Yahoo Finance