NEXON (OTCMKTS:NEXOY) Sets New 52-Week Low – What’s Next?

NEXON Co., Ltd. (OTCMKTS:NEXOY) hit a new 52-week low on Tuesday . The company traded as low as C$13.41 and last traded at C$13.41, with a volume of 816 shares traded. The stock had previously closed at C$13.61.

Analysts Set New Price Targets

Separately, Zacks Research upgraded NEXON to a “hold” rating in a research note on Friday, April 10th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

NEXON Stock Performance

The business has a 50 day moving average of C$15.63 and a two-hundred day moving average of C$20.30.

NEXON (OTCMKTS:NEXOY) last released its quarterly earnings results on Thursday, May 14th. The company reported C$0.46 EPS for the quarter. The business had revenue of C$970.34 million during the quarter, compared to analysts’ expectations of C$1.05 billion.

NEXON Company Profile

NEXON Co, Ltd. operates as a global developer and publisher of online games, primarily focusing on free-to-play multiplayer titles across PC and mobile platforms. The company’s portfolio spans a range of genres, including massively multiplayer online role-playing games (MMORPGs), action titles and sports simulations. NEXON generates revenue through in-game purchases and virtual item sales, offering players optional enhancements, cosmetic items and game passes.

Founded in 1994 by Kim Jung-ju in South Korea, NEXON released its first major title, Nexus: The Kingdom of the Winds, in 1996.