GDEV Inc. (GDEV) Moves 46.6% Higher: Will This Strength Last?

Group 1 - GDEV Inc. shares experienced a significant increase of 46.6%, closing at $20.90, following a higher-than-average trading volume, contrasting with a 14.7% decline over the previous four weeks [1][2] - The rise in GDEV's stock price is attributed to the announcement of a one-time special cash dividend of $3.31 per share, totaling approximately $60 million, funded from accumulated profits, which reflects the company's commitment to shareholder value [2][3] - The company is projected to report quarterly earnings of $0.17 per share, indicating a year-over-year decline of 66%, with expected revenues of $106.15 million, down 2.7% from the same quarter last year [3][4] Group 2 - The consensus EPS estimate for GDEV has remained unchanged over the last 30 days, suggesting that stock price movements may not sustain without trends in earnings estimate revisions [4] - GDEV holds a Zacks Rank of 3 (Hold), indicating a neutral outlook, while another company in the gaming industry, Skillz Inc., also holds a Zacks Rank of 3 [4][5] - Skillz is expected to report an EPS of -$1.07, reflecting a 2.9% decline from the previous year, and has returned -2.8% over the past month [5]